In the retail world, out-of-stock is one of the biggest challenges brands face. It occurs when a product runs out of stock before the next shipment arrives, resulting in lost sales and, potentially, in lost customers. To avoid stock-outs, it is important to implement a number of strategies and practices to ensure that products are available to customers at all times.

One of them is to use technology to analyze product data in retail and thus make decisions that help to prevent failures. At Datamind we have developed the Business Intelligence (BI) platform that will allow you to analyze the conversion rates of the marketplaces where you are present. And not only that, you will also be able to visualize the performance of your products, compare traffic versus sales, project investment and campaigns based on results.

Here are 5 benefits of BI:

1. Demand planning: You will be able to analyze historical sales data and forecast future demand to ensure that you have enough inventory at the right time. By doing so, brands can identify the most popular products and ensure they are always available to customers. Lost Sales Management (LMS)
   
   
2. Stock management: You will be able to avoid delays in shipments or generate errors in deliveries. This is key today, as more and more companies are using omnichannel, i.e. combining different forms of sales: physical store and online, which requires greater optimization in the management of your inventory in order to deliver a better service.
   
   
3. Accessibility to information: With BI, you will be able to measure the performance of your products in retail and see their availability. You will also be able to analyze your prices and promotions, detect problems, opportunities and confirm if commercial agreements are being respected and more.
   
   
4. Daily automation: Knowing the day-to-day data of your retail products in an automated way is key to make timely decisions. With Bi you will be able to do so, integrating, consolidating and unifying the information available in the B2B portals of all the chains where your company participates. With this data, user-friendly, intuitive and configurable reports will be automatically generated according to the needs of each area of the organization.
   
   
5. Trend analysis: With this data analysis tool (BI) you will be able to identify patterns and trends in sales, which will allow you to adjust inventory to demand.
   
   

If you want to know more about our BI service, do not hesitate and contact us. We will help you to solve all your doubts.