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The Art, Science, and Software behind (Optimal) Retail Pricing: Part 1
The “Four Ps” of marketing strategy, also known as the

retail math  and Software behind (Optimal) Retail Pricing: Part 1 The “Four Ps” of marketing strategy, also known as the marketing mix , are basically applicable to all businesses. TEC ’s  two-part blog post series in 2008 talked about the importance of pricing management in a down economy . Price and promotion in particular are the lubricants in  retailing , although the two remaining Ps-- product and place , are indisputably important there as well. In his  guest author article in Retail Info Systems Read More...
PLM for the Retail Industry
Product Lifecycle Management (PLM) for Retail is an evaluation model containing tailored PLM criteria and extra functionalities that serve the specificities of this industry in order to help fas...
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Documents related to » retail math


ERP and SCM Implementations Part One: Doing Too Much Too Soon
In order to get ahead of the systems development power curve, companies are attempting what is equivalent to executing a quadruple jump in ice skating; running

retail math  medium-size companies in the retail, food and beverage, chemical, and CPG process industries. Additionally, Strub was a consultant and Information Systems Auditor with PricewaterhouseCoopers and an applications development and support manager for Fortune 100 companies. He can be reached at JoeStrub@writecompanyplus.com . Read More...
Trends in Customer Experience at TIBCO TUCON 2012
I have attended several enterprise software events in recent months that discussed trends and changes in IT, with big data, mobile computing, social

retail math  at its recent SAP Retail Forum North America, SAP announced the availability of a retailing solution built on SAP NetWeaver Cloud (part of the SAP HANA Cloud platform) that effectively combines these trends. How these current IT trends are converging was also highlighted at the keynote presentations session on the first day of the recently held TUCON 2012 conference, titled “Everything is Different.” The day started with TIBCO’s CEO, Vivek Ranadivé, talking about the following forces driving the Read More...
SignalDemand: Dealing with Supply- and Demand-side Pricing Matters - Part 1
In TEC's previous articles and blog posts about pricing management and optimization vendors like Zilliant, Vendavo, DemandTec, Servigistics or Revionics, the

retail math  management software to the retail sector. Soon after, they saw an opportunity to apply optimization science and math to help companies further upstream the supply chain (i.e., consumer goods manufacturers) make better pricing, product mix, sourcing, and production decisions. SignalDemand’s CEO Mike Neal was previously an executive at Evant  (a former supply chain optimization software that is now part of Manhattan Associates ), Deloitte Consulting , and Accenture . SignalDemand is privately held and Read More...
Will User Enterprises Ever Get onto an Easy (Support and Maintenance) Street?
Vendors' traditional pricing strategies aren't going to work much longer. Sooner or later, prices will be determined by what the market is ready to bear rather

retail math  car at a major retail outlet or dealership. Prospective buyers might be impressed with the nominal sales price of the goods and believe that they've landed a great deal, but before the deal is signed, most of them have been thrown a sales pitch (subtle or otherwise) to sign up for the extended warranty contract. This warranty contract is where the store (and the sales person) makes most or all of its profit. Buying enterprise software is similar in terms of one-time license fees and ongoing S&M fees Read More...
Lawson's Approach to the Retail Market
Lawson Retail Operations Suite solutions are built for high-volume retail enterprises and encompass a range of activities, including the management of item

retail math  s Approach to the Retail Market Introduction There are some interesting dynamics within the retail market segment. On one hand, the market is much less penetrated by enterprise applications than most other economic sectors, in part since retailers have largely been remiss in leaving mainframes and other legacy technologies behind. Also, the sector has shown some resilience even during the recent and possibly still ongoing economic malaise, in part as the consumers have been stretching their credit Read More...
Retail Merchandising
Retail Merchandising systems allow users to effectively manage inventory across the enterprise, helping them to buy smart and sell through efficiently

retail math  Merchandising Retail Merchandising systems allow users to effectively manage inventory across the enterprise, helping them to buy smart and sell through efficiently. Retail Merchandising is highly effective for hard-line and soft-line retailers alike. Retailers benefit from features such as automated replenishment, native style-color-size-size2 item matrices, advanced allocation methods, and stock balancing. Total cost of ownership is further reduced by leveraging additional integrated modules Read More...
PLM for the Retail Industry Software Evaluation Report
Product Lifecycle Management (PLM) for Retail is an evaluation model containing tailored PLM criteria and extra functionalities that serve the specificities of

retail math  for the Retail Industry Software Evaluation Report Product Lifecycle Management (PLM) for Retail is an evaluation model containing tailored PLM criteria and extra functionalities that serve the specificities of this industry in order to help fashion goods (including apparel, footwear, accessory, and home fashion) manufacturers and retailers to achieve more efficient product development, lower cost, and better collaboration and control throughout the whole supply chain. Read More...
Pervasive Retail Business Intelligence: Optimize Internal Performance for External Market Agility
Pervasive Retail Business Intelligence: Optimize Internal Performance for External Market Agility. Despite a tough retail climate, best-in-class re...

retail math  Retail Business Intelligence: Optimize Internal Performance for External Market Agility Despite a tough retail climate, best-in-class retailers are achieving positive results like these: 33% gross margins 17% increase in year-over-year return on net assets (RONA) 28% increase in year-over-year customer retention Learn how your retail operation can achieve this kind of success in the Aberdeen Group research paper, Pervasive Retail Business Intelligence: Optimizing Performance for Market Agility . Y Read More...
Grupo Axo Selects Epicor Retail
Epicor announced that Grupo Axo, the business partner of internationally renowned retail brands within Mexico (such as Brooks Brothers, Brunello Cucinelli

retail math  Axo Selects Epicor Retail Just in time for the National Retail Federation (NRF) annual conference, Epicor announced that Grupo Axo , the business partner of internationally renowned retail brands within Mexico (such as Brooks Brothers, Brunello Cucinelli, Chaps, Coach, Crate and Barrel, Emporio Armani, Etro, Express, Guess, etc.), has selected the full Epicor Retail suite to help support its expanding retail operations . The retailer has 116 store locations, more than 1,500 outlets in major Read More...
The Anatomy of Retail Sourcing Processes
The most successful retailers are those that continually focus on driving the very best performance from each of their suppliers, and that work collaboratively

retail math  Anatomy of Retail Sourcing Processes The potential benefits of global sourcing and supplier management that have been discussed for retailers in this series so far are not that easily achieved across the board. To recap, these benefits can be seen both at the top line and at the bottom line. At the top line, benefits include growth of private label business, faster time-to-market, better product availability and fewer stockouts, more competitive offerings and improved customer value, and broader access Read More...
A Unique Product Lifecycle Management Tool for Private Label Retail
The Worldwide Retail Exchange (WWRE) and the Global NetXchange (GNX) have merged their complementary Web-enabled product sets to form Agentrics LLC. One outcome

retail math  Tool for Private Label Retail Background Software solutions provided via an exchange network over the Internet have been especially enticing to retailers and their suppliers. About five years ago, we witnessed the emergence of the Worldwide Retail Exchange ( WWRE ). Headquartered in Alexandria, Virginia (US), this Internet-based, business-to-business (B2B), retailer e-marketplace was founded by a consortium of seventeen international retailers. The idea was to operate an independent company that would Read More...
JustEnough for Retail
JustEnough@s solutions, available for cloud or on premises implementations, can help retailers forecast customer demand, plan merchandise and inventory, and

retail math  for Retail JustEnough's solutions, available for cloud or on premises implementations, can help retailers forecast customer demand, plan merchandise and inventory, and then execute on those plans. Modules available from JustEnough include Merchandise Financial Planning, Assortment & Space Planning, Price & Markdown Planning, Promotion Management, Allocation and Replenishment. Read More...
NetSuite Acquires Retail Anywhere’s Cloud POS
Just before the NRF BIG Retail Show 2013, NetSuite announced that it had acquired Retail Anywhere, a provider of multichannel retail management solutions. The

retail math  Acquires Retail Anywhere’s Cloud POS Just before the NRF BIG Retail Show 2013 , NetSuite announced that it had  acquired Retail Anywhere , a provider of multichannel retail management solutions. The acquisition builds on  NetSuite’s SuiteCommerce platform , delivering a broad integrated cloud business suite for retailers, giving them what they need to open up new sales channels and expand their businesses globally. The addition fulfills a strong demand among retailers for a single commerce Read More...
How to Build Pricing Muscle in Retail
Organizations usually rely on historical data and transactions to determine their pricing strategy. However, this data is typically insufficient to arrive at a

retail math  Build Pricing Muscle in Retail Organizations usually rely on historical data and transactions to determine their pricing strategy. However, this data is typically insufficient to arrive at a competitive price. Moreover, customers these days are well informed about the value of products they want to purchase. That's why organizations need to arrive at their pricing strategy only after taking into consideration external intelligence and competitive data. E-procurement systems and price comparison websites Read More...

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