Point-of-Sale Monitoring
Never Run Out of Hot Items on the Selling Floor
Out-of-stock rates hover around 8% for most retailers and go up to 40% during promotions. Eliminating stockouts ensures that revenues are maximized. But how do retailers and their suppliers know, prior to empty shelves and disgruntled customers, which items are moving fastest?
For example, an "eco-zoo" backpack may be a big seller in July as the back-to-school season approaches, but you don’t want excess inventory after school starts. By monitoring backpack purchases at the point of sale, retailers not only know exactly how many of these are selling, but when and in which stores – and can shift inventory and delivery schedules to accommodate. Further, retailers can quickly let their suppliers know of the sales trend so suppliers can ship more backpacks before shelves are empty. And in the case where sales are not meeting targets, promotions and advertisements can be offered.
TIBCO's event-driven infrastructure ensures that retailers and their upstream vendors have instantaneous access to pertinent sales and shelf situations, not only at a store level, but also across stores. TIBCO’s predictive analysis of real-time events also indicates when and where items are likely to sell fast – and which ought to be retired altogether due to declining or low sales.
