One measure of retail success over the years has
been the ability of department store merchants to
understand the customer and provide goods and services
pertinent to them. It is becoming increasingly clear
that further integration of technology will refine
the retailer’s ability to understand the customers
buying behavior, ultimately providing the next giant
step up on the competition.
How Do Your Technology Solutions Meet Purchasing, Pricing and
Promotion Demands?
Department stores are highly promotional. But is the necessary data available to fully understand the causal influences of demand such as promotion planning, evaluating the quality of promotions and making determinations based on fact (what drove the promotions)? Was the success based on ads, price or product selections? Without new best practice technology it is difficult to know how much to purchase and when, resulting in more merchandise than is needed.
Another complication is the commodity business within
softlines and hardlines, making it very difficult
to apply one strategy to fit all categories. The
result is no coherent visibility to all segments.
Manage Inventory Better With More Profit
AIS technology provides "best-of-breed" software solutions that significantly improve the performance of merchandising decisions. With advanced performance management tools, organizational leaders can better understand how optimal decision making directly impacts the business, ensuring successful and consistent merchandising practices and greater profitability.
