Retail

The birth of new distribution channels and shop formats, wider product ranges and shorter life cycles combined with lower consumer loyalty and changing buying patterns are just some challenges many retailers face. Price and product features are no longer differentiating factors. Providing the right 'buying experience' and the capacity to make the right products available at the right time are all elements that impact brand awareness and impulse buying. The key challenge for retailers is being good at buying what they ultimately will sell thus offering the best service levels whilst keeping stock down.

TXTPERFORM2008 helps retailers tackle their unique challenges with an exclusive combination of Supply Chain performance management and Supply chain planning capabilities spanning any critical Retail process:

• Strategic Planning
• Merchandise and Store Planning
• Open-to-Buy and Purchase Planning
• Assortment and Allocation Planning
• In-season control
• Replenishment Planning

This combination of functionality together with a framework of correlating metrics helps timely identification of possible issues, and enables you to choose and apply the best planning scenario and ultimately have clear understanding of the implications of these decisions on both operational and financial KPIs. While planning, multiple what-if alternatives can be assessed thus taking into account variables such as promotions, inventory costs, customers’ ABC classification, diverse assortments per store clusters as well as impact on profitability to always determine the best tradeoffs. Attribute-based analysis on best-sellers and slow-sellers helps detect hidden correlations among products to go for the best mix whilst ultimately increasing margins and sell-through.

In Planning the Supply Chain end-to-end from strategic planning, merchandise and store planning, OTB, assortments down to distribution, replenishment and inventory optimization, TXTPERFORM2008 tackles the specific issues of different Retail segments, including: