All Automated. All Actionable. All Yours.
Retail Narrative is a practical application of AI that can help you increase sales, reduce markdowns and make your inventory more productive.
Ready to see what your data can do?
The Retail Narrative is NOT generic – it has ERS’ vast and proprietary retail and wholesale planning expertise baked right in.
100% Curated To Your Business
It all started about 10 years ago when we introduced the first retail analytic system that does retail analysis for you. Retail Narrative Analyzes Your POS Data, Assesses The Health Of Your Business And Presents Actionable Opportunities To You In An Interactive Dashboard. And now it provides a written summary of it’s findings and recommendations. No need to write bullet points and recaps- it does it for you!
It has evolved into something even more useful with the help of modern visualization tools and AI chatbots. Combining our Narrative engine with these new elements has created the most powerful tool for retail or wholesale inventory planners, sales managers and executives.
It’s like snapping your fingers and getting a full understanding of your business in seconds!
A Visual Breakdown of Retail Narrative
The Process
Every week, Retail Narrative 3.0 pours through your data and looks for trends, opportunities, and liabilities. The tool then makes recommendations that are scored based on how much impact they will have on your business. It doesn’t just look at your last week – it looks at all your selling, forecasts the future, and creates a simple dialog with you.
For example, it may tell you that item 1234 missed business last week. It estimates you lost 540 units due to stock-outs in 20% of the stores. It then points you to the allocation tool and creates a replenishment order right there on the spot.
What use to take hours is now mere seconds.
data collection
Collects, translates and validates retail POS and wholesale inventory.
data analysis
Asks questions of the data, scores the answers and produces the top opportunities.
data presentation
Returns a narrative and visualizations in an interactive dashboard.
action
User clicks links to get actionable output in pre-formatted templates.
Why We Created Retail Narrative
Most companies approach retail analytics with a battery of weekly reports to help them get a grasp of their business. it consumes so much time that they don’t get around to taking much action. It also requires a great deal of expertise.
Retail Narrative solves those problems. It augments a team’s intelligence and capability by combing through SKU-Store data and asking the questions our retail experts do. it then determines the relevance and dollar impact of each opportunity and presents them to the user in an interactive dashboard.
Benefits
– Great for Executives, Sales and
Planning teams.
– Summary is written in a way to be easily shared between buyer and supplier.
– Updates every week with new
opportunities.
– Incorporates our consultant’s
domain expertise and best
practices.
– Review multiple KPI’s within a
dashboard element.
– Quickly determine selling trends and under or over inventoried items.
– Content is continually curated based on users viewing preferences.
Client Testimonials
Don’t take our word for it – here’s what our clients have to say.
Retail Narrative has transformed the way we look at our business. With millions of SKU-store combinations we manage, our team is never able to capitalize on every opportunity. This tool enables us to quickly find the most relevant actions we can take to improve our business.
EVP
4,000 Store Electronics Chain
This tool works great for both Planning and Sales teams. I start each Monday by reviewing that week’s findings to focus on an opportunity. Having the system automatically prioritize the most valuable actions gets everyone in the organization on the same page.
CEO
Largest Women’s Lingerie Manufacturer
I’ve sat through so many system demos in my career in planning and have never seen anything that simplifies analysis as well as Retail Narrative does. It enables my team to quickly determine what to focus and take action on and saves a tremendous amount of time.
Director of Planning
1,000 Store Home Chain
