Use Cases for Data Analytics | Transforming Business

Enhanced POS Analysis for Telecommunications Sales

Written by DSI Team | Nov 27, 2024 10:12:39 PM

The Problem

Our client, a leading provider of telecommunication services and products to retail customers, faced significant challenges with their legacy platform for point-of-sale (POS) analysis. While the platform had been effective in the past, it could no longer meet the demands of their growing operations. The system struggled to handle the increasing complexity and volume of data, making it difficult to accurately analyze sales, understand customer purchasing behaviors, and make informed business decisions. These limitations hindered their ability to optimize sales strategies, streamline operations, and maintain a competitive edge in the rapidly evolving telecommunications market.

The Solution

Dimensional Strategies Inc. (DSI) conducted an in-depth analysis of the client’s legacy system, focusing on improving master data management and enabling a more granular level of POS transaction analysis. This effort included thoroughly reviewing existing data structures and workflows to identify inefficiencies and implement enhancements for better data handling and analysis. The optimized solution delivered substantial improvements over the previous system’s limited capabilities.

The first major enhancement was the ability to analyze sales data in much greater detail. For instance, the merchandising team could now break down sales information by specific attributes, such as the color and sub-models of cell phones sold. These detailed insights into customer preferences and purchasing trends allowed the team to refine their product offerings to align more closely with market demands.

The second improvement was the ability to perform a deeper analysis of customers’ shopping baskets. This provided valuable insights into product affinities—revealing relationships between products that customers frequently purchased together. With this information, the merchandising team could strategically position complementary products to encourage additional purchases, enhancing the overall shopping experience.

As a result of these improvements, the team significantly enhanced the user experience for data analysis. This empowered them to make more informed decisions, refine merchandising strategies, and optimize product placement. These efforts drove higher revenue generation and improved customer satisfaction, as customers found products better suited to their needs and preferences.