Lean Retail Assessment for Retail Chains

Lean Retail Assessments offer retailers a new way to look at their business – simulating a fully unified and optimized view of a retail chain. This analysis gives retailers the opportunity to make better decisions and leverage operational strengths by uncovering specific areas for value creation. Even profitable retail chains have the potential to further optimize and scale with the right technology.

Get ready to maximize the profit potential of your retail chain and discover its unrealized value.

Our unified commerce platform is powered by a proprietary Lean Retail Analytics Engine. This engine ingests massive amounts of diverse historical and real-time data from a prospective retail organization. Through our Lean Retail Assessment, we create a simulated unified view of the operation, even for chains with currently disconnected retail systems. The input typically includes everything from multichannel data sets including customer information and transactions, loyalty programs and CRM, inventory, merchandising, orders, vendors, supply chain, and more.

Once the data is run through the Lean Retail Analytics Engine and analyzed, opportunities for value creation are identified. In a collaborative Envisioning Session, our team will share the specific opportunities that exist through revenue growth, profit improvement, and increased cash flow. The findings from the analysis and Envisioning Session are documented in a report.

Retailers can expect a timeline of 4 weeks from start to finish with a Lean Retail Assessment. Here’s how it works:

First, historical data is provided under a mutual non-disclosure agreement. The higher the volume and quality of the information available, the better. Then, the data sets from the retail chain are input into our unified platform.

Next, our Lean Analytics Retail Engine goes to work. The engine ingests the data to uncover retail strengths, weaknesses, and opportunities for value creation that can be leveraged throughout the chain.

3. Join an Envisioning Session

Once the data is analyzed, we present our findings and the top opportunities identified for the prospective chain. Through a facilitated working session, we combine the retailer’s knowledge and expertise of their chain with the new findings from our Lean Retail Assessment.

This session reveals potential value creation opportunities through a lens of what’s possible in a unified lean retail operation. Often, through our collaborative discussions, we find areas that benefit from further analysis. These are included in the final report.

Following our Envisioning Session, we deliver a report that summarizes the outcome of our engagement. It includes the top opportunities for value creation as prioritized in the working session, additional findings related to other areas of analysis, and proposed next steps.