QuantiSense Announces Release of Version 4.7 of its Retail Business Intelligence and Analytics Application

QuantiSense today announced the release of the latest version of its retail business intelligence and analytics solution, which is designed for MicroStrategy version 9.

New Analytics

QuantiSense 4.7 features Market Basket analytics -- enabling retailers to identify which items or categories sell together, which items are part of a multi-item purchase, what the make-up is of small, large, profitable and unprofitable transactions and more. Market Basket analytics also includes pull metrics for determining which items “pull” other items and how a team or department can drive incremental add-on sales in dollars and units. Other benefits include the ability to maximize return on promotions by ensuring availability of “passenger” or “halo” items, analyze profitable versus “cherry picker” promos, and increase average dollar sales (ADS) by learning what sells together as well as training store personnel to better cross-sell.

The new release also includes Inventory Aging analytics, which retailers can use to determine how “fresh” their inventory is, what portion of inventory they are carrying at full price and marked down, and what the sell-thru was during a particular reporting period. With Inventory Aging analytics, companies can prune assortments via markdown or liquidation, reduce inventory carrying costs, free up open-to-buy and drive more sales transactions from repeat customers looking for new merchandise.

Revised Plays

QuantiSense Playbooks® are a set of “plays” unique for each retail job role that guides users to make better decisions and take action in response to specific situations. QuantiSense has built out Playbooks for Allocators, Planners, Buyers, Executives, Store Managers and more to help retailers turn the methodology of their most successful professionals and departments into standardized processes that are consistent across the retail organization.

In the latest release, QuantiSense has enhanced several of its most popular plays, including:

• Accelerate: Prompts user to quickly get an order accelerated for hot-selling merchandise to avoid stockouts
• Cancel: To cancel an order and reduce overstocks
• Substitute: Offers items that can act as “substitutes” for out-of-stock top sellers
• Cut and Run: Prompts to markdown certain merchandise to clear the shelves quickly

Improved Performance and User Interface

In QuantiSense 4.7, powered by the new MicroStrategy 9, role-based dashboards run substantially faster, and users have the ability to drill down using caches, offering reduced administration costs, greater scalability and usability, and a larger scope of possible analytics.

Additionally, the improved user interface features a streamlined appearance and navigation structure, as well as new visuals and sparklines that reduce training time, encourage greater use and adoption, and allow users to easily see and react to business trends.

About QuantiSense

QuantiSense is the leading provider of business intelligence (BI) and analytics applications exclusively for retailers. Customers include Burlington Coat Factory, Casual Male Retail Group, The Guitar Center, Hallmark Cards, Pacific Sunwear, Restoration Hardware, and Spencer’s. Implemented in 100 days, the QuantiSense application features a best-practices retail data warehouse and ETL designed to integrate quickly with retail source systems and any database platform. Users conduct analysis using QuantiSense's packaged analytics, reports, and role-based dashboards tailored for executives, buyers, planners, allocators, and additional roles throughout the retail enterprise. The revolutionary QuantiSense Playbooks® empower retailers with a collection of role-based scenarios and situational analysis to drive process throughout the enterprise and guide users to the appropriate actions every time. To learn more, visit QuantiSense at www.quantisense.com.