On top of pricing and profitability management, multichannel and omnichannel retailing as well as customer engagements, maximizing your organisation’s supply chain efficiency. Three important business goals you should focus on is to synchronise supply with demand, optimise inventory across all sales channels, and minimise transportation costs. All of which could easily be attained with the […]
Companies can successfully manage pricing and profitability by fulfilling unmet customer needs, identifying the “right price” based on competition, setting effective promotions, minimising margin leakage of markdowns and improving overall margin performance. In terms of identifying the right pricing, advanced analytics provide the platform to consistently set the “right” price at the right time for […]
Finding a competitive advantage in today’s retail industry requires gathering data and insights into current supply and demand trends. In terms of customer opportunity, the market prospect for Fast-Moving Consumer Goods (FMCG) and retail companies across the nation will be highly influenced by customer and product data, especially in the near future. According to EKN […]
Previously, we established that finding a competitive advantage in the retail industry means gathering data and insights into current supply and demand trends. Fast-Moving Consumer Goods (FMCG) and retail companies across the nation are tapping into effective market trends, such as customer engagements, to understand the changing behaviours of consumers, utilising those insights, and making […]
In today’s era, finding competitive advantage in the retail industry means gathering data and insights of current supply and demand trends. Fast-Moving Consumer Goods (FMCG) and retail companies across the nation are focusing on the most effective ways of delivering insights to the right person at the right time with more relevant context and ensuring […]
Times are changing for the telecommunication industry as the world of technology welcomes new legal limitations that would allow internet service providers to sell data on consumer behaviour online. Additionally, tools like machine learning and streaming analytics are creating new opportunities for communications service providers (CSPs) to get insight from data sets that were previously […]
As some industries stand to benefit more from processing big data, telecommunication companies have been left out of the loop. For decades, communications service providers (CSPs) have transported and captured high volumes of information collected about their customers, such as calling patterns, wireless data usage, location, network bandwidth statistics and a record of their favourite […]
Since earlier this year, cybersecurity and fraud cases have dramatically increased. Various consumer-centric industries have begun adopting safety and security measures to prevent fraud and to protect both themselves and their consumers. Throughout the years, Malaysian retail companies have utilised traditional refund processing methods in individual retail stores – such as searching through physical and […]
Location intelligence is a technology financial institutions should consider to fully utilise available location information and data to make better business decisions. It is also a tool that enables organizations to engage meaningful insight by harnessing the power of location to solve business problems, deliver location-based services or manage assets. Previously, in the ‘geo-relevance’ feature, […]
Location Intelligence is a technology used by financial institutions to fully utilise location and data in driving better business decisions. With features mentioned in previous articles, such as geo-relevance, real-time royalty and authentication, location intelligence enables organizations to derive meaningful insight by harnessing the power of location to solve business problems, deliver location-based services or […]
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