Business management vital for multichannel retailers | The Retail ...

A big talking point at RBTE this week was the importance of retailers having solid management solutions in place to drive higher sales and critically, work to improve customer experience. Management solutions can span merchandise and assortment planning, pricing, promotions, allocation and space planning.

This type of software enables retailers to manage their business properly and it is vital to have planning technology in place in today?s multi-channel world. It lets retailers, big or small, have an overview of their entire retail network and make changes based on customer activity. The customer is key, and to ensure they remain loyal, understanding their activity and what will keep them coming back is crucial.

K3 retail has recently partnered with JustEnough Software to provide their customers with this service. JustEnough are a leading provider of demand management solutions to help retailers more effectively plan financials, assortments, markdowns, promotions and allocations with flexibility, accuracy and ease. Their partnership with K3 Retail, the UK?s largest provider of solutions based on Microsoft Dynamics, means that they can help users add important retail planning functionality to their ERP platform.

JustEnough can drive higher sales and improved profitability by assigning the right amount of space to each category and product and aims to reduce stock wastage by automatically determining a replenishment plan.

Investment in business management solutions can separate a booming retailer from a faltering one and will inevitably make the business process more fluid and give the best chance at success in engaging with customers.

Source: http://www.theretailblogger.com/business-management-vital-for-multichannel-retailers/

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