Dependence on Economy
Economic factors such as personal income, consumer confidence, job growth and interest rates can greatly impact consumer spending. Rising interest rates affect consumer credit and the ability to finance large retail purchases.
Retail
We focused on providing high end services and true value to its customers
Solutions
Retail
Retailers are always searching for new ways to improve the customer experience and boost sales. The retail industry is evolving at a pace that impacts both buyers and sellers, and to stay at the top of their game retailers must familiarize themselves with new and significant developments.
Perhaps the biggest challenge in the retail industry is changing customer expectations. Retailers also face problems such as lack of inventory vision and unsatisfied consumers, and they have to keep up with a fluctuating economy.
Retailers are always searching for new ways to improve the customer experience and boost sales.
Agasthya App Labs — Retail solutions
Challenges affecting the retail industry
Industry Concentration
In several retail segments large companies hold the majority of the market. Even specialty retailers in fragmented markets compete with mass merchandisers and warehouse clubs offering comparable merchandise at low prices.
Customer Privacy
There is growing concern over identity theft and credit card fraud that has resulted in increased scrutiny over the security of customer data in the retail sector.
Trends Forecasting
Customer tastes and preferences change rapidly and can greatly affect demand. A forecasting error can result in excess merchandise, out-of-stock products and missed opportunities.
Agasthya Solution Features
Predicting Trends
Our Big Data solution includes a wide range of tools for retailers to determine this season’s must-have items. Trend predicting algorithms combine with social media posts and web browsing habits to find what is causing a buzz.
Forecasting Demand
Once there is an understanding of what people will buy, retailers can work out where the demand will be. We gather demographic data and economic indicators to build a picture of spending habits across the target market.
Smart Merchandizing
A top priority for most retailers is shifting inventory. Our solution adds intelligence to the online shopping process, particularly for customers who do not complete their purchases.
Optimizing Pricing
Algorithms track demand, inventory levels and competitor activity, allowing retailers to act on insights in minutes and determine when prices should be dropped.
Benefits of the Agasthya Solution
Increase Speed of Analysis
High-performance retailing and revenue optimization. Retailers can generate a daily forecast and make immediate decisions, and price optimization can be calculated for an entire organization.
Real-time Decision Making
From inventory and assortment decisions to real-time offers, our solution provides rapid, fact-based ways to make the best and quickest decisions.
Better CPG and Retail Collaboration
Retail and CPG partners realize the value of collaborating rather than competing. Sharing real-time data helps stock the right product assortment and make better use of trade promotion money.
Industries
Who we build this for
Agriculture
The science and art of cultivating plants and livestock
Transport
The movement of people and goods from one location to another
Education
Facilitating learning and the acquisition of knowledge
Retail
Selling consumer goods or services to customers
Finance
The management of money and investments
Manufacturing
Production of products for use or sale, using labour and machines
Health
A state of physical well-being free of disease and infirmity
Mining
Extraction of valuable minerals from the Earth
Let’s talk about retail
Responsive collaboration and dedicated focus on delivering world-class output with stringent time lines.