Akron, OH (PRWEB) February 23, 2010
Accelerated Analytics announces the availability of “How To Guides” for POS Data Analysis Best Practices.
As retailers reduce inventories suppliers must be vigilant in analyzing point of sale demand data to ensure sales are maintained and stock outs are avoided. To help category managers and retail data analysts maximize their effectiveness Accelerated Analytics has published four How To Guides covering SKU Analysis, Store Analysis, Out of Stock Analysis, and SKU Forecasting. These How To Guides contain step by step instructions for the category manager to analyze POS and EDI 852 data.
“Our team has been helping retailers and vendors analyze POS and EDI 852 data for nearly seven years and in this challenging retail environment we wanted to share our secrets and insights with category managers,” said Chad Symens President & CEO of Accelerated Analytics.
The four How To Guides work together to provide the category manager with a complete analysis of their retail business. The SKU Analysis guide will walk the category manager through the steps necessary to identify the top selling SKU’s. The Store Analysis guide walks the category manger through the steps necessary to identify the top selling stores. After identifying the top selling SKU’s and stores the category manger can focus their out of stock and forecasting on the highest contributing SKU’s and stores which saves a significant amount of time with little loss of effectiveness. The SKU forecast and out of stock analysis are particularly critical to help vendors avoid lost sales due to out of stock stores.
“The key to effective analysis is focusing your time and efforts. Selling even a dozen SKU’s at a major retailer results in tens of thousands of data points to analyze each week. Our How To Guides help the analyst focus their time on the highest selling SKU’s and stores and that maximizes the benefit to both the retailer and the vendor,” said Chad Symens President & CEO.
More information on the How To Guides and samples can be seen on our website. http://www.acceleratedanalytics.com/analyst-training.html
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