How can I monitor hourly data?

This article teaches you how to use Rapid Retail Analytics to monitor hourly data

1. What is Rapid Retail Analytics?

2. Where do I find rapid Retail Analytics?

3. How to monitor hourly data

a. Challenge

b. Solution

c. Step-by-Step Guide

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1. What is Rapid Retail Analytics?

Rapid Retail Analytics is a powerful tool designed to provide you with real-time insights into your Amazon business performance. With this innovative solution, you can track your sales, traffic, and inventory data on an hourly basis, offering you the agility to make informed decisions promptly.

2. Where do I find Rapid Retail Analytics?

You can find Rapid Retail Analytics in our Hub under the Vendor Section. 

 

 

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3. How to monitor hourly data

a. Challenge

Amazon vendors often face difficulties in promptly reacting to sudden changes in sales or inventory levels. This delay can lead to stockouts or overstock situations, impacting customer satisfaction and revenue.

b. Solution

Using Rapid Retail Analytics, vendors can monitor significant changes in sales or inventory in real-time. This allows for immediate action, such as adjusting marketing strategies, restocking popular items, or implementing discounts for slow-moving products.

c. Step-by-Step Guide:

1. Monitor Hourly Reports:

   • Regularly check the hourly data updates on the Rapid Retail Analytics dashboard.
   • Focus on key metrics like sales volume and inventory levels to detect unusual patterns or significant changes.

2. Analyze Trends:

   • Compare current data with historical performance to understand trends.
   • Identify any anomalies or unexpected shifts in sales or inventory.

3. Take Immediate Action:

   • If a sudden spike in sales is detected, quickly assess the remaining inventory.
   • For low inventory, initiate restocking procedures to prevent stockouts.
   • If sales drop unexpectedly, evaluate current marketing campaigns and adjust strategies to boost visibility and sales.