If the business knows roughly how many customers visit their store each day, you can compare the numbers once the advertising begins. If they see a significant increase in customer inquiries, it is likely the sales will increase as well. 

Ordering Systems to monitor stock levels 

 

 

This shows a business what their most popular/unpopular products are with customers and allows them to stock accordingly to demand. 

‘Since 2006, Tesco has used big data analytics to improve its supply chain, primarily targeting its inventory management systems. It is now better able to predict customer buying habits and track the effectiveness of special sales offers.’

‘Tesco has developed an analytics model that uses weather patterns to properly stock store shelves.’ 

[https://www.rfgen.com/blog/bid/285148/tesco-improves-supply-chain-with-big-data-automated-data-collection]

EPOS data reports are produced to successfully work out what products need to be ordered to meet demand. 

Benefits of a well-implemented OMS include improved sales visibility, improved customer relations, and efficient order processing with a minimum of delays and back-orders.

Order management is important primarily in the retail industry, but also in the telecommunications, health care, pharmaceutical, financial, and securities sectors.

growth of Tesco in the UK has depended, in part, on using the full range of business information to make

good decisions to enable business growth. ANOTHER EXAMPLE: Greenfield developments have slowed as a result of government

legislation so the company has moved into convenience stores. It was the first to build individual customer

profiles as a way of tailoring its promotions. Compared to its rivals, it is rarely out of stock as sales information

is closely monitored and timely action is taken to replenish empty shelves.

For D1, learners must reach justified conclusions about how an organisation might improve the quality of the

business information it generates. Tracking fast and slow moving sales will suggest to a retailer how to adjust its

product range. Monitoring staff absence will allow absenteeism patterns to be identified and absence reduced.

Improving the quality of information will improve the business. Learners must make judgements about the

value of the different ways of presenting information to interested parties. A senior manager will be likely

to understand information presented in a formal report. A junior assistant may be better able to assimilate

information presented in a visual format. A poor choice of format hinders communication of the message.

As example, the process of TPS in Tesco which can be specialized as the system of Electronic Point Of Sale (EPOS). It can clearly be seen when the customer made the transaction at payment counter. The system that have been use for Tesco is that they will scan the bar codes of the products by using the scanner and then it will show at the monitor of the cashier. Note that this is not only for the costumer to know how much the total price but also for the Head Office usage as it will determine how many stocks that have been sold and how much that need to be restocked.

Supermarket checkouts are called EPOS terminals

 

UK supermarkets use the European Article Number or EAN barcode system

 

Advantages of EPOS systems in supermarkets include:

 

Bibliography: