The amount of data gathered with the latest advances and technology can be overwhelming. Being able to aggregate and collaborate data sources from various databases in inputs, such as IoT, is a challenge. omniQ will help gather and filter that data, generate reports, dashboards and alerts, all for the purpose of providing insights and guidance for optimized operations and profitability.
Mobile supply chain analytics can empower businesses with data that can improve all of their operations — sales, inventory management, scheduling, and production planning. This level of data analysis can help businesses increase efficiency, provide a better quality of service, and control costs.
OmniQ provides cloud-based analytics that allow high-level collaboration among stakeholders and enable increased employee productivity, which can help improve sales and profits. omniQ delivers solutions that leverage RFID, smart sensors and supply chain analytics to turn your business into a “smart business.” The solutions we provide can automatically track items, employees, customers and assets, and then turn that data into actionable business intelligence.
With solutions provided by omniQ, management can gain real-time views of business performance throughout the supply chain with technologies including IoT, camera/image analysis, thermographic readings of shelf space activity, and traffic pattern data. Enhanced visibility enabled by supply chain analytics can help eliminate out-of-stocks and overstocks, reduce theft, increase sales, and help fulfill online orders.
In the retail store, for example, managers can use visibility data related to sale and traffic patterns to measure in-store conversions and profitability. They can also match traffic demands with staff productivity and availability to help optimize scheduling for customer engagement and boost sales conversions. By combining sensor data and point-of-sale data, retailers and merchandisers can gain a new understanding of customer behavior and buying patterns. This data can also help measure the effectiveness of advertising and promotions, merchandising strategies, or window and storefront displays, and can help managers better assign employees to customer-centric tasks (i.e., opening up a new register to handle long lines during peak periods).
Supply chain analytics and data visibility are also a critical part of staying competitive through improved forecasting, inventory management, and customer service. For example, in transportation and logistics, data analysis enables you to monitor metrics such as on-time pickups, traceability, truck turnaround time, and freight costs per unit or truckload. This can help your operation streamline its operations, optimize routes, and save unnecessary fuel costs. You can also evaluate the performance of your staff or individual employees, progress toward business goals, and the impact of changes on profitability — giving you the information you need to correct small problems before they become bigger ones.