Data Hub for Relex is designed to simplify
implementation of Relex solution for retail allowing organizations to gain faster speed to value but also standardize and abstract interfaces and pipelines between operational systems and Relex.
There are three major areas of impact due to poor data quality in retail:
Without accurate data, retailers struggle to predict demand correctly, optimize promotions, do shelf planning etc. resulting in sub-optimal revenue
Without accurate planning, consumers will face on-shelf-availability issues, ineffective promotions and poor overall in-store experience
Perpetual inventory management requires accurate data for both inputs and outputs. Supply chain issues, shoplifting and other leakage can results in a snowball effect with inventory issues and lead to costly challenges