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Building a Simple Analytics Setup to Improve Sales and Manage Inventory Better in Omnichannel Retail

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Building a Simple Analytics Setup to Improve Sales and Manage Inventory Better in Omnichannel Retail


Purva Vijay Mandavkar



Purva Vijay Mandavkar "Building a Simple Analytics Setup to Improve Sales and Manage Inventory Better in Omnichannel Retail" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Special Issue | Smart Innovations in Computer Science and Applications, March 2026, pp.1249-1272, URL: https://www.ijtsrd.com/papers/ijtsrd101699.pdf

Shopping today is very easy for customers. People can find what they need quickly. Some people browse on their phones when they are on their way to work or school. They compare options on their laptops when they are at home. They complete purchases in stores without thinking about where they are shopping whether it is online or in person. Shopping is easy these days. Businesses have made shopping very smooth by connecting stores and websites and mobile apps. This makes it easy for customers to shop at stores or shop on websites or shop, or on apps wherever they want. Shopping is convenient for customers. It is not without its challenges for businesses. Retailers often face problems because their sales data, inventory records and customer information are all in systems. These systems do not always talk to each other which makes it hard to get a picture of what is really happening in business. When information is not connected it is hard to see what is really going on. This study is about solving that problem of information. It offers a way to bring sales and inventory data together so retailers can see everything clearly. The goal of this study is to use data to understand what customers want so retailers can predict what will sell and make inventory decisions. The framework for doing this has four stages. First it puts data from all channels, including stores, websites and mobile apps into one system. Second it uses forecasting models to guess what customers will want using data and machine learning to make predictions. Third it uses optimization models to make decisions about stock and orders balancing cost and customer satisfaction. Finally, it shows insights on a dashboard that track performance indicators making results easy to understand. To test this framework a case study was done using six months of sales data from three channels: stores website app The dataset had 500 products and nearly 100,000 transactions, which is a lot of data. The findings were very good. The inventory turnover at the store got a lot better, it improved by 23 percent, which's a really big improvement for the inventory turnover. There were a lot of stock-outs, the number of stock-outs decreased by 31 percent so now customers can usually find what they want when they come to the store. The forecasting accuracy got better by 18 percent so retailers can now make guesses about what products will sell and what will not sell, which helps the retailers with forecasting accuracy. The cost of fulfilling orders fell by 15 percent, which means the retailers will save money on the fulfillment costs and that is a deal for the retailers and their fulfillment costs. Cross-channel analysis showed customer behavior patterns, which's interesting. Customers who browsed online had a 76 percent chance of buying in-stores, which shows that online browsing leads to in-store sales. Mobile app users brought in 28 percent value, which's a significant amount. This study shows that linking sales and inventory information is very important in an omnichannel retail environment. By breaking down data silos and using analytics retailers can improve financially. Delivery good customer experience. Omnichannel retail is about making shopping easy for customers and this study helps retailers do that. The study uses sales analytics, inventory optimization, data integration, demand forecasting, retail performance, machine learning and convolutional neural networks to achieve its goals. These are all tools for retailers who want to succeed in an omnichannel retail world. Omnichannel retail, sales analytics, inventory optimization, data integration, demand forecasting, retail performance, machine learning and convolutional neural networks are all key to shopping, for customers.

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IJTSRD101699
Special Issue | Smart Innovations in Computer Science and Applications, March 2026
1249-1272
IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470
Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

International Journal of Trend in Scientific Research and Development - IJTSRD having online ISSN 2456-6470. IJTSRD is a leading Open Access, Peer-Reviewed International Journal which provides rapid publication of your research articles and aims to promote the theory and practice along with knowledge sharing between researchers, developers, engineers, students, and practitioners working in and around the world in many areas like Sciences, Technology, Innovation, Engineering, Agriculture, Management and many more and it is recommended by all Universities, review articles and short communications in all subjects. IJTSRD running an International Journal who are proving quality publication of peer reviewed and refereed international journals from diverse fields that emphasizes new research, development and their applications. IJTSRD provides an online access to exchange your research work, technical notes & surveying results among professionals throughout the world in e-journals. IJTSRD is a fastest growing and dynamic professional organization. The aim of this organization is to provide access not only to world class research resources, but through its professionals aim to bring in a significant transformation in the real of open access journals and online publishing.

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