RIS for retail chains
RIS is a comparative business information system, which enables retail chains to compare their sales activity to the sales activity of competing retail chains while maintaining absolute confidentiality.
Every retail chain can examine its activities in relation to market activity, by means of RIS, both at the national level, as well as at the regional level and at the level of a certain mall or city center.
The system’s operational method
Every day the data from the international retail chains, among others, are entered into the system.
Once each day the system automatically receives the daily revenue data of all stores of the retail chains belonging to the system.
During the initial and one-time intake procedure, the retail chain’s data is acquired by the system, in terms of categories and various occupations. At the same time the size and location of the store is also input.
Based on the database entered into the system, the system produces the reports and analyses requested by its clients. Some of reports are automatic reports forwarded on a daily or weekly or monthly basis, while other reports can be self-generated by the client by means of a sophisticated system of report generators.
The basic working principle of the systems is that no client can view any other client's data.
Data can be viewed only at the average or (or aggregate) level, while the minimum number for generating data is 4 retail chains at the same location.
Thus for example to produce data concerning the level of sales in the women’s fashion sector at a particular mall – there should be at least four other women's fashion stores within the system, transferring data to the system.
The principle of data sharing
An additional basic principle of the system is that the retail chains that do not share data with the system - cannot receive information from the system