Explore the power of data and intelligence in Retail with Power BI Barcode scanner app

About This Presentation
Title:

Explore the power of data and intelligence in Retail with Power BI Barcode scanner app

Description:

Loginworks softwares Provided Power BI offers a powerful range of data analysis tools to produce meaningful interpretations of all the big data that exists in a retail business. In any retail business, whether in-store or online, success depends on sales, and sales depend on effective stock selection and pricing strategies. This means placing an emphasis on real-time decision making, focussing on a wide range of factors that might influence sales performance. Retailers have been making the most out of retail business intelligence – PowerPoint PPT presentation

Number of Views:17

less

Transcript and Presenter's Notes

Title: Explore the power of data and intelligence in Retail with Power BI Barcode scanner app


1
Welcome To Loginworks Softwares
2
Explore the power of data and intelligence in
Retail with Power BI Barcode scanner app
In any retail business, whether in-store or
online, success depends on sales, and sales
depend on effective stock selection and pricing
strategies. This means placing an emphasis on
real-time decision making, focussing on a wide
range of factors that might influence sales
performance. Retailers have been making the most
out of retail business intelligence and tapping
into data for years now, gaining which is called
consumer insights to improve their performance.
This includes product choices, stock levels,
promotional activities, discounts, store layout,
product positioning, merchandising and more! In a
world where every transaction creates more and
more data about the business, it is increasingly
important that the data can be easily and quickly
distilled to support management decisions on
real-time basis.
3
Making these effective decisions is much easier
when this data is readily available in an easy to
use visual format. The emergence of big data and
the powerful software solutions needed for
analysis of all this information has led to a
revolution for business intelligence in the
retail industry. Of course, much of this data has
always existed, but it has never been more
accessible. Power BI offers a powerful range of
data analysis tools to produce meaningful
interpretations of all the big data that exists
in a retail business. As Microsofts Power BI
Services platform continues to evolve, the
associated online forum and additional online
resources which support the product also continue
to grow and develop with additional tools and
formatting plugins being added to the software
both out of the box and as downloads. Whilst
all of these updates are incredibly useful, the
latest addition to the suite of tools, and one of
the most exciting, focuses on the new Power BI
Mobile App, adding a barcode scanner to further
enhance the functionality of the software.
4
The Power of the Barcode
Barcodes are an incredibly useful starting point
for data analysis because they are used across
the retail sector globally and contain key
information including manufacturer data, cost
price, retail price and unique identifiers. Power
BI Experts works with the following barcode
formats UPCECode Code39Code A39Mod43Code EAN13Cod
e EAN8Code 93Code 128Code PDF417Code Interleaved2o
f5Code
5
This latest addition offers an optical
machine-readable representation of all the data
that exists as it relates to a specific item,
based on the records in your dataset and any
reports that have been designed to be filtered by
barcode. As a result, it is now possible to walk
around a store, to select different products and
to use the barcode scanner to produce sales data
about the chosen product. This incredible
addition to Power BI makes it possible for
managers to easily and quickly assess key
performance data about a particular product to
ascertain how well it is selling and to
immediately make changes and take decisions that
will enhance sales and productivity and reduce
the volume of products which remain unsold. The
app also has the same benefits in a range of
other environments including warehouses, IT
service departments, auction houses and data
storage and hard copy record keeping centres in
fact, the app can be used in any environment
where barcodes are used.
6
How to use the Barcode Scanner
  • Firstly, it is important to make sure that the
    dataset you are using includes a column with
    product codes that can be uploaded into the
    desktop version of Power BI. Once this is setup
    its just a case of selecting the table with this
    column and selecting it as Barcode in the
    modelling tab.
  • Once this is setup the barcode column can then be
    used to create visualisations and to upload
    reports to the Power BI service.

7
Now you are ready to login to the app
on your phone (the app works on iPhone and
Android) and open the scanner. As soon as you
scan a barcode the app will produce a report
using the barcode data. If you have several
reports setup to respond to each barcode you will
need to select the particular report from a list.
The filter tools also allow further interrogation
of the data on the handset.
8
This new application for Power BI Consulting
significantly improves retail business
intelligence and drives a step-change in the
ability to make effective business decisions.
Developing a strong back office team to create
datasets which enable barcode entry is now an
important activity for all retail businesses. The
fact that instant decisions can be made on the
shop floor or in the warehouse can only serve to
improve and enhance productivity and
profitability. As big data continues to disrupt
the retail sector it is creating opportunities
for new ways of working and the simplicity of
Power BI makes it accessible to business of all
shapes and sizes, which as a consequence will
also help to drive market competitiveness and
will enable new businesses to gain competitive
advantage through the adoption of business
intelligence in the retail industry.
9

Thank You For Watching
Connect with This For More Inf
https//bit.ly/2T9bYbh
Call us 1-434-608-0184
Write a Comment
User Comments (0)