Optimize your assortment with automatic Elbuz reports
Automatic product reports in Elbuz - Analyze and optimize your assortment
Introducing the automatic creation of product reports in Elbuz - an innovative solution for online store owners that will allow you to obtain valuable data to optimize the assortment and increase sales. Just a few clicks - and you can analyze the indicators for each product, identify leaders and outsiders, and make the right management decisions.
Problems with assortment management in an online store
🎯 Lack of up-to-date data on products. Many online store owners do not have access to timely and reliable information about sales, balances, and demand dynamics for each item.
📊 Difficulty in analyzing large amounts of data. The assortment of an online store can include thousands of items, and without automation, analysis becomes labor-intensive and ineffective.
🤔 Errors in purchasing and pricing. Without understanding the real picture of goods, it is easy to make mistakes with purchase volumes, set uncompetitive prices, and miss seasonal trends.
💸 Frozen money in illiquid assets. Excess goods that are not in demand lead to the freezing of working capital and a decrease in business profitability.
“Who owns the information, owns the world” - these words of Nathan Rothschild, the founder of the legendary dynasty of entrepreneurs, are especially relevant for effective assortment management in online trading.
Features and benefits of Elbuz automatic reports
With the automatic product reports feature in Elbuz, you can:
😎 Receive detailed statistics for each position:
- sales volumes in pieces and in money
- demand dynamics by period
- markup size and profitability
- state of warehouse balances
- efficiency in terms of supply and demand ratio
🚀 Identify bestsellers and outsider products. Elbuz reports will clearly show which items are in greatest demand, bring the maximum profit and require increased attention. And vice versa - you will see nomenclature that “slips” and creates problems rather than giving results.
💡 Optimize purchasing and inventory. Having objective data on inventory balances and sales dynamics, you can more accurately predict the need for each item, avoid warehouse overstocking and shortages of popular items.
💰 Adjust pricing policy. Elbuz reports will provide insight into which products are undervalued and which may be overpriced, and what cost adjustment steps will help improve competitiveness and overall business profitability.
Prospects for using automatic reports
By introducing automatic product reporting from Elbuz into your assortment management practice, you can take your online store to a new level of efficiency:
📈 Increase inventory turnover and profitability. Reports will allow you to concentrate your efforts on the most promising positions, quickly get rid of surplus stock, and optimize your assortment matrix.
🎯 Make sales more predictable and stable. Based on data on demand trends and seasonality, you will be able to more accurately plan purchases, prevent shortages and overstocking, and ensure the constant availability of in-demand products.
🚀 Speed up business processes. Elbuz automated analytics saves a lot of time that was previously spent on collecting and processing product data. Now your employees will be able to receive the necessary reports in a couple of clicks and make decisions faster.
💰 Increase profits. Optimizing your assortment based on objective Elbuz data is the key to increasing sales, turnover and the final financial result of your business.
Automatic product reports are indispensable for online store owners, commercial directors, category managers, analysts and other specialists who are responsible for effective assortment management. Start using this handy tool today and open up new opportunities to grow your business!
Want to learn more about automation capabilities with Elbuz? Check out the function Automatic processing of price lists and other solutions to optimize the operation of your online store.
Contact Elbuz today 💡
Don't let problems limit the development of your online store, join thousands of entrepreneurs who have already made their choice in favor of Elbuz.