SMART Retail Analytics
Generate Insights to successfully execute business strategies
Advancing digitalisation and global connectivity are creating new business opportunities for companies, while at the same time innovations are being introduced to increase the efficiency and effectiveness of decision-making. We aim to enable our clients to identify, quantify and sustain measurable benefits: Benefits that come from increased process automation, reduced error rates, faster processing times and process cost savings.
With KPS SMART Retail Analytics, we have developed building blocks to transform your business strategy into measurable results – with individual services that deliver tangible success.
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Only a strategic, comprehensive approach to data and analytics can realize the full value of data
Today’s business is supported and driven by various types of analytics use cases. Daily and monthly sales reports on operational and tactical level are a must and only the first step of analysis. Producing and delivering these reports is considered commodity and thus needs to be done efficiently. Additionally, it is important to visualize this information in a manner that facilitates easy understanding.Further, technology these days enables real-time analysis of data which is especially important for basket analysis and upselling scenarios. Modern analytics solutions have the capability to not only visualize data through dashboards but also generate explanations about the insights derived from the data. These insights can be used further to enhance planning processes.
As a result, companies are faced with the challenge of finding the right approach, acquiring the necessary skills, and adopting ways of working which avoid redundant data preparation and working in silos potentially leading to contradicting results.The KPS SMART Retail Analytics Framework addresses the challenges with the clear objective of leveraging innovative capabilities to support business strategy with tangible results for your growth stories.
With SMART Retail Analytics, you take your business directly from the strategic starting point to the intended result.
Every customer has their individual challenges and problems to solve – depending on the starting situation, we compose the relevant process management and analytics components based on our process management and analytics framework and discuss the requirements for your project.
1. Start with Strategy
Start with strategy: derive a people-centric data strategy from the business strategy, aligned with the enterprise performance management system to ensure operational efficiency and enable future growth.
2. Measure what matters
Measure what matters: KPS helps you select the mission-critical key performance drivers and process metrics for your core value-adding processes, e.g. supply chain, retail and finance.
3. Accelerate your Analytics
Accelerate your analytics: Build a data landscape and platform that seamlessly connects your key operational systems to deliver immediate insights.
4. Realise the full potential
Realise the full potential: Expand and optimise your data and analytics landscape to gain integrated insights – from advanced planning and analysis to forecasting for finance, distribution and logistics.
5. Transform with trust
Transform with confidence: KPS can advise you on how to incorporate data management and governance capabilities to secure and accelerate value creation initiatives across your business.
Tailored for success: proven approaches adapted to your situation and needs
Identifying and prioritizing data & analytics uses cases is key. We support you in establishing and aligning changes in the three core areas: people, processes and technology.
1. Alignment with business strategy
Structured approach to derive the data strategy from the business strategy for targeted results
2. People-centred approach
People-centred approach to ensure that cultural aspects are considered and developed in line with the business strategy
3. Value-added objectives
Specific, value-added results are agreed upfront and tracked throughout implementation.
4. Scalable platform
Components to create a scalable platform for future growth stories
Gain reliable insights through planning and analysis – improve your business results.
Process Modelling & KPI Architecture
``CFO Dashboard`` for Electrolux
The European programme consists of a revision of the process model and KPI architecture, a “CFO Dashboard” and an implementation of a financial planning and budgeting system.
Campaign management
Customer engagement and finance
Significant improvement
- of campaign management,
- customer engagement
- and financial insights for a world-renowned premium department store
Performance Management
Implementation of a management dashboard
Development of a performance management framework and implementation of a management dashboard to track performance drivers and operational measures for the business of a well-known household brand.
The program goal was to harmonize financial sales planning processes and to implement an integrated planning tool based on SAP BPC within 28 countries in the EMEA Region. This initiative has been successfully rolled-out on time, on budget and we are extremely pleased with the overall project results driving benefits for the central organization as well as the country controller requirements from improved process cycle time, data consistency and flexibility of the tool.
Feel free to get in touch to find out more about how we can help your business.
Eric Niedling
Associate Partner
Data & Analytics Strategies, Project Management
