Data Analytics Drive Retail Efficiency
The concept of data analytics has been around for years, but do companies know what those terabytes of data can do for their business? And if they do, are they using it to its maximum potential?
The concept of data analytics has been around for years, but do companies know what those terabytes of data can do for their business? And if they do, are they using it to its maximum potential?
Demand forecasting and inventory planning to ensure preferred items are always in stock
Reducing storage wastage for low-demand, low-yield items
Addressing issues ahead of high volume seasons such as Singles Day, Black Friday, Cyber Monday, and holiday seasons in general
Up-selling and cross-promotion through preference correlation insights
Personalised shopping experience for each unique customer done right
Capitalising on data is the key to engage your customers and foster loyalty.
Have you been using captured data to enable sound business decisions? Is the process an integrated solution, or merely business information in silos? What are the data analytics tools that can help you improve your retail and eCommerce business?
We will be covering this and more at LMFAsia 2018 Conference.
Featured Product
Schmalz Technology Development - Vacuum Generation without Compressed Air - Flexible and Intelligent
• Vacuum generation that's 100% electrical;
• Integrated intelligence for energy and process control;
• Extensive communication options through IO-Link interface;
Schmalz already offers a large range of solutions that can optimize handling process from single components such as vacuum generators to complete gripping systems. Particularly when used in autonomous warehouse, conventional vacuum generation with compressed air reaches its limits. Compressed air often is unavailable in warehouses. Schmalz therefore is introducing a new technology development: a gripper with vacuum generation that does not use compressed air. The vacuum is generated 100% electrically. This makes the gripper both energy efficient and mobile. At the same time, warehouses need systems with integrated intelligence to deliver information and learn. This enables the use of mobile and self-sufficient robots, which pick production order at various locations in the warehouse. Furthermore, Schmalz provides various modular connection options from its wide range of end effectors in order to handle different products reliably and safely.
