Store Inventory Management
Satisfying the customer at the moment of truth
If the inventory isn’t there when the customer is ready to buy – in the right size, color or quantity – the customer isn’t happy and you’ve lost a sale, and perhaps, a customer. Billions are lost every year simply because inventory isn’t on the shelf. But it doesn’t have to be that way. With technologies like automated forecasting and replenishment as part of your perpetual inventory program, you can significantly reduce out-of-stocks while supporting localization of assortment and cost reduction.
||Be on the receiving-end of efficiency and accuracy
Knowing what you have in stock is essential, but so is ensuring that deliveries are correct and that you are paying only for what you need at the contracted cost. This is easier said than done in today’s retail environment where stores must process a variety of shipments from their own DCs, wholesalers and third-parties. Grocery and convenience stores must also contend with spot-sell, pre-sell and direct store delivery (DSD), which generate on-the-spot orders and invoicing. More
||Sophisticated help for matching inventory with demand
Being “fully stocked” is easy, especially when you use RedPrairie’s powerful forecasting engine to make sure you have the right items at the right times. But that is just the beginning. Balancing stock on-hand with sales trends, seasonality and promotions is also essential—and getting it wrong means losing revenue, customers and being faced with costly markdowns. More
|Item, Price, Promotion Management
||Make Sure Your Pricing Has Integrity
Getting pricing strategy right is a complicated mix of balancing vendor pricing with profit margins and coordinating them with local demand. Even after you position each component perfectly, it is critical to ensure that follow up merchandising and promotion will be executed properly. So how can you ensure that each item is priced and presented to your customers as planned? More
|Food Production and Planning
||Happy Customers. Healthy Profits.
Maintaining profits in today’s retail environment is already a challenge. Adding perishable food preparation and sales into the mix raises the bar even higher. There is a limited timeframe for processing perishable ingredients and presenting finished items for sale. Lag behind and you miss out on sales opportunities. Over-prepare and inventory suddenly becomes waste. More
||Trust. But Verify.
Maintaining appropriate assortments and meeting customer demand is a challenging assignment at every level. All stores have to be sure vendors deliver orders accurately, on time and in compliance with contractual agreements. Failure to adequately manage any of these key components means potentially lost sales and leaving money on the vendor’s table that belongs in your pocket. More
||A high-octane business solution
Volatile pricing is jut one of many hurdles that fuel retailers have to clear to be successful. In addition to keeping customers satisfied, they must also meet numerous environmental and legal requirements. What’s more, their inventory levels (and investment) must be carefully monitored—a task that is more difficult than simply counting items in a warehouse or storeroom. More
||More Visibility. More Accountability.
Accurately tracking and managing cash and other forms of payment are essential components of every successful store. No other area of store operations is as prone to leakage from sloppiness, dishonesty or just plain honest mistakes. More
Better information means better decisions
We believe you can’t make good decisions without accurate, timely information. That philosophy permeates our systems design and thought-provoking materials below.
||Benefit from what we’ve learned in 35 years of helping the world’s best companies improve their business. More
||Learn how leading companies have solved problems similar to yours. More
||Insights from thought leading analysts and media on what’s happening, and is going to happen, in the industry. More
||If seeing is believing, then you’ll learn a lot from the industry experts covering a wide range of topics on these videos. More
Don't take our word for it
See what others are saying about us below.
"Prior to RedPrairie, analysis on a particular promotion could be up to 270 various reports for all of our restaurants. Since we deployed RedPrairie, that same data is at our fingertips… and we can do so much more with it."
--Paul Mullin, Business Analyst, Culver Franchising System, Inc.
"One of the big benefits is that our hotel managers can be much more effective ‘managers’ because they aren’t spending days every week working through the schedule. Now, they spend more time taking care of customers and solving other issues on property."
George Hall, Sr. Vice President, Marriott