Customer story: How to measure each store’s true potential
The goal was to determine the potential of each of hundreds of stores based on its location.
Before CleverMaps, the analysis cost not only lots of time, but money as well. There wasn’t any tool that could combine all the relevant and different data sources, perform prompt analysis and model the number of potential customers in a store surrounding. The evaluations of potential were primarily based on population data alone.
CleverMaps’s platform can do ad-hoc queries on large amounts of data from multiple different sources and present them on an interactive smart map.
On top of that, it calculates Exposure index (proprietary metric) to show the general attractiveness of any given address in terms of potential customers, ie. the real potential of current and future locations for the business.
Data-derived evaluation of each store and its potential in all current and any possible future location, all within much less time that it would have taken with any other solution.
KPIs for each individual store as well as search for new opportunities in the market in terms of possible relocation of under-performing locations.
Significant contribution to the development of the sales network strategy.