Building new stores and remodeling or upgrading older ones requires significant capital investment and expenditures. Retail chains must be able to assess the financial and operational impact of store development initiatives to make the most of investments and deliver the greatest business benefits. By making the right store development decisions, they can significantly improve the customer shopping experience and gain greater ROI.
Apply best practices technology to the store development process for greater ROI
The IBM Cognos Store Development Performance Blueprint uses IBM Cognos 8 Planning and IBM Cognos 8 BI to help retailers model and quantify the financial impact of store development initiatives:
- Determine revenue impact, ROI and costs of store development projects such as construction, remodels, and equipment upgrades.
- Automatically apply development initiatives to regions, stores or groups of stores based on their attributes.
- Allocate expenses and capital expenditure to projects.
- Model and analyze financial impact of initiatives and explore multiple scenarios to determine Payback Period and Net Present Value.
- Track and assess development status using visual scorecards.
- Measure the impact of initiatives, including revenue and expenses by store region and initiative type, using scorecards and reports.
- Analyze and report on sales results such as return on capital and sales increases from upgraded stores.
- Alert store operations personnel about new requirements through integration with the IBM Cognos Store (P&L) Operations Planning Performance Blueprint.
Learn more about the IBM Cognos Store Development Performance Blueprint. Download the following:
