by cspongberg | Dec 23, 2021 | Retail Execution Dictionary
Workforce Management (WFM) is the set of processes involved with building and maintaining a productive workforce. All activities are aimed at maximizing performance levels and overall skills competency for an organization. This can include a variety of considerations,...
by cspongberg | Dec 23, 2021 | Retail Execution Dictionary
Workforce management software is a set of tools development to help businesses increase overall efficiency and productivity among employees by automating various organizational functions, like HR administration – collecting time and attendance, managing time off...
by cspongberg | Dec 22, 2021 | Retail Execution Dictionary
Business intelligence (BI) combines business analytics, data tools data mining – as well as data visualization and infrastructure – to help businesses make data-driven decisions. It’s a process of taking your company’s collected data – then using that wealth of...
by cspongberg | Dec 22, 2021 | Retail Execution Dictionary
Business analytics is the practical application of statistical analysis, that is focused on providing actionable recommendations for business. Analysts in this field focus on how to apply the insights they’ve gleaned from data.
by cspongberg | Dec 22, 2021 | Retail Execution Dictionary
Brick-and-mortar retail refers to the physical locations operated by retailers. Some companies have exclusively brick-and-mortar locations, some companies are online-only, and others have both brick-and-mortar and online operations. Some stores are event built out of...
by cspongberg | Dec 22, 2021 | Retail Execution Dictionary
As part of the eCommerce process, customers who make purchases online want to be able to return in store, to save time and shipping costs.
