retail performance optimization - integrating knowledge, process and technology
Post on 05-Dec-2014
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Success in today’s competitive and dynamic business environment requ-ires swift decision making based on reliable knowledge, entailed actions with minimal operational delays, and continuous measurements to keep organizational performance aligned with the strategic goals.
As a strategic partner, Visionet delivers end-to-end cutting edge information technology services and solutions to help retail businesses achieve these objectives; thus leading to drastic operational efficiencies, higher profit-ability and growth.
Closed loop organizational performance management offers tremendous rewards. It essentially provides businesses with the ability to thrive under constant pressure along with a leading edge over competitors through successful execution of corporate strategy with operational excellence.
Yet, for any business endeavoring to reap these benefits – especially those dealing with a large and diverse sum of inventories, supply chain management, and multi channel sales – continuous performance optimization is extremely complex to execute without integrating the process, the right set of information technology tools specifically built for the need, and the lightening fast discovery and utilization of useful knowledge.
Integrating knowledge, process and technologyRetail OptimizationPerformance
www.vsiApparel.com
Business challenges
Collectively, these factors work as negative catalysts leading to sales and inventory imbalance, lost sales opportunities, and incurring higher inventory carrying cost. Hence, the organization's net profitability is directly affected.
Situation Analysis
Typically, inadequate and late, preventing the organization from taking substantial, timely advantage of the available data
Ineffective Knowledge Discovery
Lack of automated analytical tools and sheer volume of POS/ transactional data hampers an organization's ability to discern emerging patterns. Thus, valuable knowledge remains obscure to decision makers.
Centralized View
Typically, IT infrastructure in organizations is spread among disparate systems making it extremely hard and labor intensive to develop process centric performance measurements through traditional means.
Measurements & Organizational Goals
Key decision makers may have access to numerous reports and KPI's (Key Performance Indicators). However, these Performance measurements are not always aligned with the organizational goals.
Cross Functional Visibility
Limited information affects collaboration between suppliers, retailers, and within the organization. This is primarily due to the lack of access to Point of Sales (POS), orders, logistics and forecast data.
Business Intelligence tools do provide insight to users, but all the knowledge is not translated into actionable items; thus resulting in various operational issues and loss of valuable time.
Intelligence & Actions Gap
For over a decade, Visionet has been helping clients get around these problems by establishing a proactive, process-driven, and intelligent IT infrastructure. Our solutions are based on integrating state-of-the-art business intelligence, Enterprise Application Integration (EAI), and workflow technologies into your IT infrastructure that leverage your existing software assets, so you do not have to bear the reimplementation costs.
How Visionet can help?
Provides executives and decision makers at all levels with the critical measurements regarding business performance. Various features of the dashboards include:
Our Solutions
Visionet’s Retail Performance Management solutions essentially involve consolidation of data from various sources, querying, analysis of the data, KPI’s and putting the results into closed loop practices.
Downstream Data Analytics
Downstream Point of Sales (POS) and supply/demand transactional data has tremendous value and is effectively utilized to improve and expedite the decision making process in many areas including forecasting, inventory management, and various other operational matters.
Demand pattern identificationMarkdown optimizationOptimal Size scale distribution by product category, region, store, and productContinuous forecasting adjustmentsProduct Category management, and promotion analysisConsumer acceptance trend identification by products and suppliers
Hierarchical reporting structure and secure multi level views Options for comparative analysis based on year-to-date, month-to-date and season-to-date measurementsSupport for standard as well as fiscal calendarsEasy to visualize through charts, graphs, and intuitive navigationNumerous financial and operational KPI’s
Provides a single view of supply and demand by taking into account current inventory levels, open purchase orders, and demand forecastingPeriodic shortage/overage predictionsHelps reduce inventory carrying costs and missed sales opportunities
Sales and Operations Planning Workbench
Comprehensive Retail Performance Reporting and Executive Dashboards
Innovative Information Technology Services
OLAP Repository
ERP
Divisional Controller
KPI/Charts Dashboard Reports
Store Manager Analysts
Business Users
Analytics Engine
Rules Repository
ActionsAlertsNotifications
Point of Sales
Task & Exception Handling
Store Inventory TransferPromotion LaunchPrice AdjustmentsMarkdowns
Order CancellationsAutomatic ReplenishmentDrawdown Orders of High Sell ItemsForecast Update
Workflow &Task Management
ERP Updates
Transactions
Manual Tasks & AlertsBot Queue (Automated Tasks)
- Sophisticated Analytics- Geared Towards Automation- Workflow Driven Process Management
Closing the Loop between Analytics and Operations through Automation
Manual practices create a lack of process standardization, overall slow reaction time, and inconsistent action plans resulting in unpredictability and lost revenue.
Automated store order adjustments based on rules, inventory position, and forecastQuick response replenishmentContinuous sales forecast updatesOrder cancellation recommendations based on sales trendsAutomated POS audits
Integrated Rules and Task Management Solutions
Divisional rules with Alerts / notificationsWorkflow driven task management for repetitive operational activitiesAuto generated tasks, alerts, and notifications
Business Benefits
About Visionet Systems
Visionet is a global information technology service provider that has delivered cutting edge solutions for over a decade. Our best-in-class solutions and services span Apparel & Footwear, Multi -Channel Retail, and Wholesale businesses. Our innovative solutions include Integrated Business Planning, Collaborative Sales Planning, Business Intelligence, Sales and Operations Planning, Supply & Demand Management, Retail, Merchandizing, and Data warehousing.
Reduced out of stock and overstock situations as well as improved replenishment accuracyTimely identification of trends for efficiently accomm-odating varying needsMinimize reaction time and gain a leading edge in volatile market conditionsKeep forecast aligned with changing realities taking into account the latest trends emerging during the sales cycleLeverage existing assets and reduce IT costs
Mortgage
VSI and the VSI logo are registered trademarks of Visionet Systems Inc. Copyright © 2008 Visionet Systems Inc. All rights reserved.
Visionet Systems Inc.East Coast Office:3 Cedarbrook DriveCranbury, NJ 08512Phone: 609-452-0700 - Ext: 1116Fax: 609-655-5232www.visionetsystems.com
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