At store-level, what's the lag time between sales and sales info?
Mike Mauti: The stores have good access to real-time data. They have an ability to get nearly minute-by-minute sales updates out of their systems. Any store that has an electronic cash register can do that. And depending on how connected the stores are, particularly chain stores can see profitability in real time. This has been made possible as more retailers are using full Enterprise Resource Planning systems like SAP, Oracle, IBM or other competing ERP systems.
Read the full interview here: Retail 101: Part One with Mike Mauti