💡 In this article we will look at:
Key tasks to drive your products' performance
How to find the insights to support these tasks in Style Arcade Templates
Typical Tasks
Calling all Buyers, Merchandise Planners, Ecom, Marketing teams and anyone wanting to drive product performance...
Have you ever been curious to find out what your peers in the industry are looking at in their roles?
The following are key tasks that you need to focus on answering as part of the trade and product analysis process. The answers, or insights, then inform actions to drive product performance! 👇
🛍️ Reordering
Key Metrics - Sales, Inventory & Margin
As a high level overview, these 3 indicators are a great place to focus on if you want to move the needle for your business!
💰 Sales - Your data holds the key to understanding exactly what your customers want and that insight is what drive sales growth. By analyzing customer behavior, preferences and buying patterns, we can uncover valuable insights that guide our sales strategies.
🥞 Inventory - Balance is key! Overstocks tie up cash; under stocks drive customers away. Finding the balance = Happy customers, healthy profits.
📈 Margin - Implementing pricing strategies that reflect your value pro position without compromising quality.
💡 Want more insights? Click on the below to view advices from our CEO - Michaela Wessels
Got any questions? Feel free to reach out to our in-app chat for assistance! 🤩