MCLEAN, Va., May 20 /PRNewswire-FirstCall/ -- MicroStrategy(R) Incorporated , a leading worldwide provider of business intelligence (BI) software, today announced that Lowe's Companies, Inc. plans to expand its deployment of MicroStrategy to support new business intelligence applications for its store management. Lowe's is the second-largest home improvement retailer in the world, serving approximately 14 million customers per week.
Lowe's currently has a number of MicroStrategy-based BI applications that support thousands of employees across a variety of business functions. These applications are used to improve decision making, enhance productivity, and provide better service to customers. Lowe's plans to expand its BI environment by providing store management teams with access to key reports and business metrics.
Current MicroStrategy-based BI applications at Lowe's include DART (Data Access and Reporting Tool), which provides employees with greater insight into key performance metrics. Lowe's employees use the data to manage inventory, improve margins, review market specificity, and identify sales opportunities. Lowe's also uses BI to track millions of store items against billions of transaction records to assist in the management of stock levels at its stores. In addition, Lowe's uses BI to help its suppliers and vendors monitor the performance of their products.
"Over the years, we have realized significant benefits from our business intelligence applications in helping us satisfy customer needs, maintain efficient operations, and improve business performance," said Steve Stone, Lowe's Companies CIO. "We are pleased that MicroStrategy will be a cornerstone for our continued expansion of our business intelligence environment."
"Lowe's BI applications are some of the most robust and demanding in the industry, and we are pleased to have supported Lowe's BI initiatives for the past decade," said MicroStrategy's COO, Sanju Bansal. "MicroStrategy's intuitive, Web-based user interface is well-suited for Lowe's store management applications. Our user-friendly reporting capabilities and dashboards empower business people to create their own reports for seamless access to the information they need."
About Lowe's Companies
With fiscal year 2008 sales of $48.2 billion, Lowe's Companies, Inc. is a FORTUNE(R) 50 company that serves approximately 14 million customers a week at more than 1,650 home improvement stores in the United States and Canada. Founded in 1946 and based in Mooresville, N.C., Lowe's is the second-largest home improvement retailer in the world. For more information, visit Lowes.com.
About MicroStrategy
Founded in 1989, MicroStrategy is a global leader in business intelligence (BI) technology. MicroStrategy provides integrated reporting, analysis, and monitoring software that helps leading organizations worldwide make better business decisions every day. Companies choose MicroStrategy for its advanced technical capabilities, sophisticated analytics, and superior data and user scalability. More information about MicroStrategy is available at http://www.microstrategy.com/.
MicroStrategy and MicroStrategy Business Intelligence Platform are trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.
Contact: Wende Cover MicroStrategy Incorporated 703-770-1646 wcover@microstrategy.com
MicroStrategy Incorporated
CONTACT: Wende Cover of MicroStrategy Incorporated, +1-703-770-1646,
wcover@microstrategy.com
Web Site: http://www.microstrategy.com/
