EXL’s Post

In the realm of retail, the power of data reigns supreme. Understanding the intricacies of returns is no exception. Whether you're a seasoned retailer or just stepping into the market, questions surrounding returns are inevitable. 🤔 Data plays a pivotal role in answering these critical queries. 🚀 Doddle — now a part of Blue Yonder — offers solutions that empower retailers to delve deep into their return processes, uncovering insights that pave the way for strategic decision-making. 💼 If you're not already delving into these inquiries, you may be missing out on significant opportunities for growth and optimization. 💰 Join SCLAA’s webinar on returns management where industry experts will be guiding you through the journey of returns optimization, leveraging the power of data every step of the way. 🌟 https://bit.ly/3JbUPcc #DataDrivenRetail #ReturnsOptimization #RetailInsights

As I start preparations for Path To Purchase Live #p2p in St. Louis from November 7-9, I am reflecting on the many recent conversations with retailers and CPG's. The challenges of each organization are more similar than might be expected. Data enables Differentiation Both retailers and CPG's are seeking the best ways to gain access to scaled #firstparty data to inform business decisions. Data is plentiful. Actionable, insightful data is much rarer and much less accessible. The organizations with unique data sets are best equipped to ensure future success. Shopper Understanding Guides Growth (& Returns) Access to a unique data set is a start. Insight application from the data is the critical part. And, a part virtually every organization struggles to fully leverage. It is vital that organizations invest the time to uncover shopper #insight to guide strategies and tactics. Failure to do so often means leaving returns in the potential, vs. actual, status. Efficiency / ROI is Essential You might be thinking this claim is obvious. (NOTE: It is!). However, there are many conversations where the importance of outcomes and returns are lost or unaddressed. It is critical to keep desired outcomes at the forefront of any discussion to stay focused. If you are headed to St. Louis, let's connect on these topics (& more). Send a DM and we will find time to connect. #retailmedia #data #shopper

Integrating data into retail strategies is a game changer for businesses. So, why haven’t all retailers and brands gotten on board? EDITED shares some of the obstacles.  https://lnkd.in/gMWKGGY2

🛒 In retail's peak season, understanding your customers' experiences with your brand is crucial, from the moment they land on your page to the moment they click "checkout".   💻 One of the best ways to track this across platforms is with a Customer Data Platform - but with so many options on the market, which options are truly creating a future-fit data infrastructure for retailers?   📅 On the 30th of November, join us in our partnership with True. to discuss the next-generation CDPs changing the way retailers engage with their customers.   💷 Retailers should emerge from this meeting with an understanding of the limitations of many CDP options, a clear view of the disruptive options for CDPs, and how to avoid hefty time and financial investment when onboarding a new CDP.   Register for free: https://lnkd.in/eSZuqW8N

Ready to revolutionise your retail game? Our latest blog post delves deep into the world of data-driven decision-making, paving the way for smarter choices and enhanced business strategies 📈 Here's a sneak peek of what the blog covers : 🔎 Discover the true purpose of retail analytics 👍 Unlock the power of big data for availability, supply chain, and NPD. 💡 Learn how data fuels innovation and insights in the ever-changing digital landscape. 🌟 Finally, find out how Reapp can supercharge your growth and profitability through actionable insights. Join us on the journey of data-driven success - Read more here: https://lnkd.in/e2CVG-yu

Retail C-suite leaders are drowning in data but starving for insights. Outdated systems and tools create a fragmented, confusing picture, slowing decision-making and growth. See what I mean in this short video. —----- P.S. – Getting your data house in order is achievable. Find out how by checking out a 5-minute demo: https://lnkd.in/gQUiB-9E

Are you a retailer looking to understand the options in the Customer Data Platform (CDP) market? Do you want to increase sales by understanding your customers' experiences with your brand? If so, join us in partnership with the British Retail Consortium to explore the most significant shifts within the CDP market. Discover how innovators in this space are developing solutions that provide real opportunities for brands and retailers to leapfrog advanced customer data systems that previously would have required significant time and investment to establish. You'll come away with insights on the truly disruptive CDP offerings emerging, a clear view on the differentiation in CDP offerings, and how to avoid hefty time and financial investment when onboarding a new CDP. Register for the webinar here: https://lnkd.in/eSZuqW8N #RetailInnovation #CustomerDataPlatforms #retailevents

Clean data leads to clear minds. 😌 Brands can get a leg up by determining the processes to automate the collection and cleansing of their data, to make sure that they are attaining the most actionable insights. Check out the five key steps to optimize an effective data model for your organization: https://lnkd.in/eyRr-Gxz #datamodeling #retailmedia #measurement

Ever wondered how some retail and FMCG companies always seem to have exactly what you need, right when you need it? Well, it's not just luck – it's the magic of Big Data and smart, data-driven decisions. How is Big Data transforming inventory management? Using vast amounts of data - from sales trends to customer preferences - companies can forecast demand with greater accuracy than ever before. It's like a crystal ball that tells you what your customers will want, when and in what quantity. In addition to being able to analyze real-time sales data, social media trends, and even weather forecasts to anticipate product demand. This is exactly what big data analytics allows you to do. Your company, can use this data to optimize inventory levels, ensuring that you have the optimal amount of inventory. 🔄The impact is huge! Better inventory management means fewer stock balances, less overstocking and better cash flow. For the retail and FMCG sector, where product lifecycles are short and consumer trends change rapidly, this flexibility is crucial. It leads to higher customer satisfaction and a better bottom line. Curious to dive deeper into how Big Data Analytics is revolutionizing inventory management in retail and FMCG? Head to our website! We've got some cool insights and real stories to share - https://lnkd.in/eUGCfi7C #InventoryManagement #FMCG #SupplyChain

Retailers are much more likely to prosper if, armed with data and insight from across the business, they can become truly customer centric. In this report, KPMG professionals explore how retailers can evolve their seamless #commerce strategies to be more responsive to changing #consumer behaviors and become a truly connected enterprise. https://social.kpmg/a3naxj