10 Essential Tableau Charts for Powerful Data Visualization

Retail workers have always operated in a high-pressure environment that demands attention to detail and quick thinking. However, the events of 2020 have shown that the ability to adapt, think outside the box, and embrace digital opportunities is now essential for the retail industry to increase its resilience against external factors.

According to McKinsey & Company, the COVID-19 pandemic has accelerated the digital transformation of businesses by seven years. With most employees working remotely and online delivery becoming a necessity, innovative solutions were required to ensure the safety of both employees and customers. This has resulted in a surge in e-commerce, with a sharp increase in demand for online shopping and a preference for limited personal interaction.

Effective organization of the customer journey across all touchpoints is crucial. The sales funnel has evolved into an endless cycle, with businesses needing to understand consumer behavior, belief systems, security concerns, product needs, and availability to increase loyalty and maintain the cycle.

This article provides ideas, inspirations, and examples of dashboards for the retail industry, which will help organizations thrive in 2021 and beyond. We will cover the most relevant topics and present the ten best dashboards for retail to enhance business operations and success.

• Dashboard of Trade Stocks
• Supply Chain Analysis Dashboard
• Dashboard for supply chain optimization
• Dashboard for loyalty programs
• Dashboard of price indexing
• Dashboard pricing
• Location and monitoring dashboard
• Dashboard of customer location and deployment
• Dashboard of staff diversity
• Dashboard of eCommerce customer journey

Dashboard of Trade Stocks

Since March 2020, empty store shelves have become a common sight, causing problems for both retailers and their customers. Depending on supply and demand, retail sellers can’t always maintain fully stocked shelves.

These dashboards combine warehouse inventory and shelf availability to help FMCG (Fast Moving Consumer Goods) take action to eliminate out-of-stock situations at warehouses. It’s difficult to predict which items will become the next popular product, but improving the guarantee of availability or maintaining connections with this data throughout the supply chain can help make life easier for retailers and shoppers.

This visual analysis from Atheon Analytics helps retail sellers and their suppliers easily see where inventory is located, whether it is overstocked or understocked in stores. Atheon SKUtrak’s analytics combines this vital information into a single entity to work efficiently in one operational zone and act in unison. As a supplier, the user can also check the availability of goods in the warehouses to understand how the inventory should be distributed and ensure the availability of goods in specific warehouses. By bringing together retail sellers, suppliers, and manufacturers, these real-time processed data are capable of responding quickly to constantly changing customer demands.

Supply Chain Analysis Dashboard

Many retail employees find it difficult to have a 360-degree view of their supply chain and inventory levels. This challenge has been exacerbated by the pandemic and also arises during holidays, marketing promotions, and other events. Retailers must monitor which products are in high demand and whether the supply matches the demand. Otherwise, they will have to revise their entire supply chain sequence and take appropriate actions in the future.

Track high-demand products across stores and warehouses using the Supply Chain Analysis dashboard. Learn when the next batch should be shipped, trends in inventory growth over time, and track timely deliveries and inventory growth by key performance indicators (KPI). Starting with KPIs, quickly interact and break them down into individual product lines to understand whether you can keep up with demand or you may be unable to meet the task at hand.

Dashboard for supply chain optimization

Disruptions in the supply chain frequently result in financial consequences that have a significant impact on a distributor’s decision-making process. It is essential for distributors to have a plan in place to bridge the gap with other suppliers when they are unable to meet demand while considering all financial implications and any necessary adjustments.

This dashboard is a powerful tool that helps the team reduce costs by improving their efficiency in working with suppliers. It displays order trends that enable the prediction of demand and its impact on supply chain modifications. The use of sliders enables analysts to adjust the proportion of first, second, and third-tier suppliers quickly, providing immediate insight into the financial effects of implementing something new. The dashboard also ensures that adequate levels of safe inventory are maintained to satisfy changing demands without resorting to unnecessary inventory additions. Moreover, the Sankey chart at the center of the dashboard is an exceptional visual tool for examining the distribution of goods and comparing them across different suppliers to actual products.