Impact of big data on customer retention in the retail industry
                     Research paper
Impact Of Big Data On 
 Customer Retention 
In  The Retail 
Tags: Tutors India | Retail Marketing |I Bing Datda | Reutail Bsusintesrs | Iynventory Replenishment | Inventory 
 Management | Auto Replenishment | Dissertation Writing Service | Dissertation Topic Selection Help
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involved in exploring novel research areas for the  
challenges faced by today’s technology-oriented  
business or organisation, the market, the economy,  
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You will find the best dissertation research areas /  
01 topics for future researchers enrolled in Business & 
 Management.
In order to identify the future research topics, we 
02  have reviewed the Business & Management  
literature (recent peer-reviewed studies).
Big data is concerned with the effective use of 
03  business information which can be used 
for  informed decision making.
04 Most of the retail transactions occur in silos with 
 minimum scope for sharing vital information.
The potential for growth and expansion for the retail 
05  industry is much higher than any other industry 
due  to increased purchasing power and standard 
of  living.
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Overview
Retail Industries -  INVENTORY
Inventory is a crucial resource for any business but for the retail  
industry it determines the future.
In case of non-availability of inventory at the right time in the  
right place, there are great chances of losing the customer  
forever.
A lost sale has multiple impacts on the business ranging from  
lost revenue, customer dissatisfaction, higher cost of  
procurement, etc.
You will find the best dissertation topic for future researchers enrolled in Business and Management. 
 These topics are researched in-depth at the University of Glasgow, UK, Sun Yatsen University,  
University of St Andrews and many more.
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Inventory Replenishment
Tutors India has vast 
Inventory replenishment has  Big data is used in the sales experience  in developing 
three vital tasks, namely sales   forecasts focusing on  Dissertation
forecast, inventory management, understanding the buying  topics for students pursuing the  
 and auto-replenishment. behavior and pattern of  UK dissertation in Business and 
customers.  Management. Order Now
01 02
03 04
Retail businesses most  With the help of big data, the 
often maintain Excel Sheets  business can be in a  
 or ERP to record sales,  comfortable position of  
however, least is done on  foreseeing future sales to  
the predictive sales analysis. amend the inventory  
position.
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Inventory Management
Inventory management includes a wide range array 
01  of functions including inventory control and  
logistics.
By using big data retail businesses will be able 
 to control the level of inventory in the 02
business.
03 Since over and under stocking has the direct brunt  of operational efficiency.
The culmination of the business data with data  
analytics will help retail businesses in a big way 04 Download our dissertation related Reference  
 by ensuring to avoid a lost sale. book & papers such as tutorials, proprietary  
materials, research projects and many more @ 
 tutorsindia.com/academy/books
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Big Data In Inventory Replenishment
-Retail Business
Increase the operational efficiency of 
01  the business by obtaining real-time  
information about inventory position.
In order to identify the future dissertation  
02 Increase customer satisfaction levels. topics, we have reviewed the dissertation  
(recent peer-reviewed topics) on\ both  
engineering and management. Order Now
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Current Challenges
A strong and robust analysis of data, the 
 data collected from various stakeholders  
01 should be accurate and precise. Apart fromthe correctness of the data, the method of
collection of data is also crucial.
Operational difficulties such as insights 
 of the industry, logics of the data set,  02
etc need to be streamlined.
The industry has the potential to grow  
and become one of the most important  
03 sectors in international business, however,  due to industry-specific issues, it is yet
to grab the eyeballs of the potential 
 workforce.
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Conclusions
Big data has the potential to largely contribute to
01 unleashing the scope for the retail industry.
It will help the business to comprehensively understand 
 and collaborate data for better decision making. 02
Business is incapable to handle data from multiple 
03  stakeholders and use them in favor of the  
business, the only feasible solution is big data.
Big data also provides data security and privacy, the 
 information collected and analyzed can be stored and 04
 used for the business.
It can be concluded big data is capable to revolutionize 
05  the pace and nature of the retail industry across the  
globe.
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Future Scopes
01 02 03
Big data analysis will help  Due to the increased cost of  Better collated data  
companies to explore and  logistics due to fluctuating fuel  has the power to be  prices and inconsistent vendors, 
captivate on the potential of  considered as a   big data is considered as a  
using a large volume of data,  competitive advantage. perfect solution for concerns  
compiled in a sensible format.
over inventory management.
04 05
Due to easy accessibility and The industry is looking at  
 high feasibility, e-business  gathering information from  
has become a major game-  offline and online customer  
changer in the retail industry. patterns to enhance the overall 
 customer experience.
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