QuantiSense has released the new version of its retail business intelligence and analytics software, which is designed for MicroStrategy version 9.
QuantiSense said that the new QuantiSense 4.7 version features Market Basket analytics – enabling retailers to identify which items or categories sell together, which items are part of a multi-item purchase, what the make-up is of small, large, profitable and unprofitable transactions.
According to QuantiSense, the Market Basket analytics also includes pull metrics for determining which items ‘pull’ other items and how a team or department can drive incremental add-on sales. The new version also includes Inventory Aging analytics, which enables retailers to determine how ‘fresh’ their inventory is,and what the sell-thru was during a particular reporting period.
The company said that the QuantiSense Playbooks are a set of ‘plays’ for each retail job role that guides users to make decisions and take action in response to specific situations. It has built out Playbooks for allocators, planners, buyers, and store managers to help retailers turn the methodology of their departments into standardised processes that are consistent across the retail organisation.
QuantiSense added that in the new version, the role-based dashboards run faster, and users have the ability to drill down using caches. In addition, the improved user interface features a streamlined appearance and navigation structure, and new visuals and sparklines that allow users to see and react to business trends.
