In a highly competitive sector with traditionally low profit margins retail companies are continuously monitoring personal income, consumer confidence, and interest rates to forecast consumer demand. Supply chain management and effective merchandising and marketing are focus areas as distribution systems and the consumer are becoming much more sophisticated.
To stay one step ahead of the competitor and the consumer, retail organizations (large and small) are looking to innovative performance management solutions to help manage these factors. They are creating realistic plans and a forward looking view of company performance to compete successfully.
Retail organizations have been using Prophix Performance Management solutions to help make informed planning decisions and to effectively manage the day-to-day operations of the retail business for over twenty plus years. To effectively meet consumer demand and to maintain an edge against competitors retail companies are using Prophix to develop multi-channel distribution channels, track sales promotions, automate CRM, accurately measure profit margin, manage inventory levels, and analyze KPIs all while minimizing costs.
Please read below to learn how retail organizations use Prophix Performance Management software and services to: