Impact of big data on customer retention in the retail industry-TutorsIndia.com for my dissertation...

12
Impact Of Big Data On Customer Retention In The Retail Industry Dissertation | Assignment | Essay | Statistical Analysis | Coding & Algorithm | Resit Dissertation | Powerpoint | Poster Copyright © 2019 TutorsIndia. All rights reserved Research paper Tags: Tutors India | Retail Marketing | Big Data | Retail Business | Inventory Replenishment | Inventory Management | Auto Replenishment | Dissertation Writing Service | Dissertation Topic Selection Help

TAGS:

description

The present article helps the USA, the UK, Europe and the Australian students pursuing their master’s degree to identify the best business and management dissertation writing help which is usually considered to be difficult. Tutors India offers UK assignment in various Domains. When you Order any dissertation writing services at Tutors India, we promise you the following Plagiarism free Always on Time Outstanding customer support Written to Standard Unlimited Revisions support High-quality Subject Matter Experts. Contact: Website: www.tutorsindia.com Email: [email protected] United Kingdom: +44-1143520021 India: +91-4448137070 Whatsapp Number: +91-8754446690

Transcript of Impact of big data on customer retention in the retail industry-TutorsIndia.com for my dissertation...

Page 1: Impact of big data on customer retention in the retail industry-TutorsIndia.com for my dissertation writing help

Impact Of Big Data OnCustomer Retention In

The Retail Industry

Dissertation | Assignment | Essay | Statistical Analysis | Coding & Algorithm | Resit Dissertation | Powerpoint | Poster Copyright © 2019 TutorsIndia. All rights reserved

Research paper

Tags: Tutors India | Retail Marketing | Big Data | Retail Business | Inventory Replenishment | InventoryManagement | Auto Replenishment | Dissertation Writing Service | Dissertation Topic Selection Help

Page 2: Impact of big data on customer retention in the retail industry-TutorsIndia.com for my dissertation writing help

Dissertation | Assignment | Essay | Statistical Analysis | Coding & Algorithm | Resit Dissertation | Powerpoint | Poster Copyright © 2019 TutorsIndia. All rights reserved

TutorsIndia Lab @ TutorsIndia.Com

Business & Management (B&M) Lab at TutorsIndia isinvolved in exploring novel research areas for thechallenges faced by today’s technology-orientedbusiness or organisation, the market, the economy,finance and sales. The research team explores andidentifies troubling questions that exist in scholarlyliterature, in theory, or in practices that needs deliberateinvestigation.

Page 3: Impact of big data on customer retention in the retail industry-TutorsIndia.com for my dissertation writing help

You will find the best dissertation research areas /topics for future researchers enrolled in Business &Management.

In order to identify the future research topics, wehave reviewed the Business & Managementliterature (recent peer-reviewed studies).

Overview

Big data is concerned with the effective use ofbusiness information which can be used forinformed decision making.

Most of the retail transactions occur in silos withminimum scope for sharing vital information.

The potential for growth and expansion for the retailindustry is much higher than any other industry dueto increased purchasing power and standard ofliving. Dissertation | Assignment | Essay | Statistical Analysis | Coding & Algorithm | Resit Dissertation | Powerpoint | Poster Copyright © 2019 TutorsIndia. All rights reserved

01

02

03

04

05

Page 4: Impact of big data on customer retention in the retail industry-TutorsIndia.com for my dissertation writing help

Inventory is a crucial resource for any business but for the retailindustry it determines the future. In case of non-availability of inventory at the right time in theright place, there are great chances of losing the customerforever. A lost sale has multiple impacts on the business ranging fromlost revenue, customer dissatisfaction, higher cost ofprocurement, etc.

Retail Industries - INVENTORY

You will find the best dissertation topic for future researchers enrolled in Business and Management. These topics are researched in-depth at the University of Glasgow, UK, Sun Yatsen University,University of St Andrews and many more.

Dissertation | Assignment | Essay | Statistical Analysis | Coding & Algorithm | Resit Dissertation | Powerpoint | Poster Copyright © 2019 TutorsIndia. All rights reserved

Page 5: Impact of big data on customer retention in the retail industry-TutorsIndia.com for my dissertation writing help

Tutors India has vast experiencein developing Dissertationtopics for students pursuing the UK dissertation in Business andManagement. Order Now 

Inventory Replenishment

Dissertation | Assignment | Essay | Statistical Analysis | Coding & Algorithm | Resit Dissertation | Powerpoint | Poster Copyright © 2019 TutorsIndia. All rights reserved

Inventory replenishment hasthree vital tasks, namely salesforecast, inventory management,and auto-replenishment.

Big data is used in the salesforecasts focusing onunderstanding the buyingbehavior and pattern ofcustomers.

Retail businesses mostoften maintain Excel Sheetsor ERP to record sales,however, least is done onthe predictive sales analysis.

With the help of big data, thebusiness can be in acomfortable position offoreseeing future sales toamend the inventoryposition.

01 02

03 04

Page 6: Impact of big data on customer retention in the retail industry-TutorsIndia.com for my dissertation writing help

Dissertation | Assignment | Essay | Statistical Analysis | Coding & Algorithm | Resit Dissertation | Powerpoint | Poster Copyright © 2019 TutorsIndia. All rights reserved

Download our dissertation related Referencebook & papers such as tutorials, proprietarymaterials, research projects and many more @tutorsindia.com/academy/books

Inventory Management

01

02

03

04

Inventory management includes a wide range arrayof functions including inventory control andlogistics.

By using big data retail businesses will be ableto control the level of inventory in the business.

Since over and under stocking has the direct bruntof operational efficiency.

The culmination of the business data with dataanalytics will help retail businesses in a big wayby ensuring to avoid a lost sale.

Page 7: Impact of big data on customer retention in the retail industry-TutorsIndia.com for my dissertation writing help

Dissertation | Assignment | Essay | Statistical Analysis | Coding & Algorithm | Resit Dissertation | Powerpoint | Poster Copyright © 2019 TutorsIndia. All rights reserved

In order to identify the future dissertationtopics, we have reviewed the dissertation(recent peer-reviewed topics) on\ bothengineering and management. Order Now

Big Data In Inventory Replenishment-Retail Business

01

02

Increase the operational efficiency ofthe business by obtaining real-timeinformation about inventory position.

Increase customer satisfaction levels.

Page 8: Impact of big data on customer retention in the retail industry-TutorsIndia.com for my dissertation writing help

Dissertation | Assignment | Essay | Statistical Analysis | Coding & Algorithm | Resit Dissertation | Powerpoint | Poster Copyright © 2019 TutorsIndia. All rights reserved

Current Challenges

01

02

03

A strong and robust analysis of data, thedata collected from various stakeholdersshould be accurate and precise. Apart fromthe correctness of the data, the method ofcollection of data is also crucial.

Operational difficulties such as insightsof the industry, logics of the data set,etc need to be streamlined.

The industry has the potential to growand become one of the most importantsectors in international business, however,due to industry-specific issues, it is yetto grab the eyeballs of the potentialworkforce.

Page 9: Impact of big data on customer retention in the retail industry-TutorsIndia.com for my dissertation writing help

Conclusions

Dissertation | Assignment | Essay | Statistical Analysis | Coding & Algorithm | Resit Dissertation | Powerpoint | Poster Copyright © 2019 TutorsIndia. All rights reserved

01

02

03

04

05

Big data has the potential to largely contribute tounleashing the scope for the retail industry.

It will help the business to comprehensively understandand collaborate data for better decision making.

Business is incapable to handle data from multiplestakeholders and use them in favor of thebusiness, the only feasible solution is big data.

Big data also provides data security and privacy, theinformation collected and analyzed can be stored andused for the business.

It can be concluded big data is capable to revolutionizethe pace and nature of the retail industry across theglobe.

Page 10: Impact of big data on customer retention in the retail industry-TutorsIndia.com for my dissertation writing help

Dissertation | Assignment | Essay | Statistical Analysis | Coding & Algorithm | Resit Dissertation | Powerpoint | Poster Copyright © 2019 TutorsIndia. All rights reserved

Future Scopes01 02 03

04 05

Big data analysis will helpcompanies to explore andcaptivate on the potential ofusing a large volume of data,compiled in a sensible format.

Better collated datahas the power to beconsidered as acompetitive advantage.

Due to the increased cost oflogistics due to fluctuating fuelprices and inconsistent vendors,big data is considered as aperfect solution for concernsover inventory management.

Due to easy accessibility andhigh feasibility, e-businesshas become a major game-changer in the retail industry.

The industry is looking atgathering information fromoffline and online customerpatterns to enhance the overallcustomer experience.

Page 11: Impact of big data on customer retention in the retail industry-TutorsIndia.com for my dissertation writing help

Dissertation | Assignment | Essay | Statistical Analysis | Coding & Algorithm | Resit Dissertation | Powerpoint | Poster Copyright © 2019 TutorsIndia. All rights reserved

www.tutorsindia.com

TutorsIndia Lab @ TutorsIndia.com

Page 12: Impact of big data on customer retention in the retail industry-TutorsIndia.com for my dissertation writing help

Dissertation | Assignment | Essay | Statistical Analysis | Coding & Algorithm | Resit Dissertation | Powerpoint | Poster Copyright © 2019 TutorsIndia. All rights reserved

UK : +44-1143520021INDIA : +91-4448137070

Freelancer

Consultant

Guest Blog Editor

PHONE NUMBER

EMAIL ADDRESS

[email protected]

GET IN TOUCHWITH US

CONTACT

[email protected]