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With the sharp rise in retail sector and with continuous expansion of retail outlets across the globe, the industry has to respond to customers and evolving partners on real-time basis. Key success factor include:
- Dynamic pricing and promotions
- Lean procurement challenges
- High transaction volume
- Inventory management challenges arising out of multiple product attributes
- Variation in customer preferences impacting product promotions
- Speed of execution
- Optimize space productivity
- Aligning inventory with sales
- Management of volume discounts
- Advertising challenges
- Losses arising out of shrinkage
- Complex merchandize logistics operations
- Need for increased employee empowerment and productivity
- Improved localized assortment
- Build store level detail into centralized buying plan
- Dynamic allocations and replenishments by store
- Unified view of information which delivers economic value to the whole business from in -store operations to corporate strategy to supply chain and logistical management
- Highly scalable and configurable pricing functionalities