Direct customer relationships are a privilege, but they also generate massive amounts of data. This wealth of information holds the potential to drive real front line differentiation, if retailers have the right tools and approaches to make the most of this unique asset.
Our analytical experts have the knowledge and the practical experience to work with disparate data sources, generate relevant insights, and derive a rich fact base to support business decisions for all key retail business processes.
Our experts are linked through a global network, the Consumer and Marketing Analytics Center (BNI Group). BNI Group is anchored by a growing number of regional hubs and can be accessed by teams in any of BNI’s 100 offices worldwide.
Our growing global team of dedicated BNI Group affiliates has successfully brought BNI Group methodology to retail clients in DIY, apparel, and grocery, covering topics ranging from category management to pricing and promotions.
BNI Group experts draw upon pioneering solutions. For example, the Insights Factory is an integrated toolkit that generates new insights from existing client and third-party data, lends decision support to executives, and monitors business performance. The Insights Factory includes a category-level Localization Scorecard that helps retailers tailor their assortment to regional needs.
The Pricing Module integrates historical data, competitive analyses, and information on the impact of a given item on overall price perception. Based on this data, the tool calculates the optimal retail price. It can also pinpoint specific SKUs for value-maximizing promotions.
Specific tools we use to help retailers include the BNI Group Heatmap and a five-step improvement program. The Heatmap enables retailers to gauge their performance at all intersections of relevant data sources, such as loyalty cards, and business levers, such as repeat purchase rate. Based on these diagnostic insights, we use the five-step Improvement Program to guide clients on their way from product centricity to shopper centricity.
We develop and refine our tools in close cooperation with clients, and we create tailor-made solutions to address new business functions, data sources, and challenges.