Retail Industry

Retail is the sale of goods to the public or consumption rather than for resale. This is something we collectively take for granted on a day to day basis, but this sector is under pressure to retain consumes since the recent rise in online marketplaces.

RETAIL INDUSTRY

Retail is the sale of goods to the public or consumption rather than for resale. This is something we collectively take for granted on a day to day basis, but this sector is under pressure to retain consumes since the recent rise in online marketplaces.

The Retail Industry

With this growth retailers notice this consumer behaviour requires a flexible and responsive method to ensure the correct mix of products and certain shopper centric approach. Retailers are challenged from all sides. The brand-owners fight for the consumer’s product loyalty while e-retailers compete on customer experience, price and availability.  This has resulted in retail leader’s deep recognition of the importance of planning, as it industry requires to show an array of businesses goals and metrics, from improving revenue to cost reductions and optimising resources across the business.

This does not always succeed, and the methods used are sometimes not responsive to change or collaborative enough to really make the change in the business. Only a granular and highly automated forecast & planning process allow for an efficient and cost-effective supply chain. This is bolstered by the idea that the Internet of Things will shift consumer behaviour in an easier, cheaper, and more convenient direction for global retailers leveraging technology to provide better, faster customer service.

And so, planning technology that makes the revitalisation of planning processes, offers a collaborative space for multiple stakeholders, and offers adaptive modelling could greatly benefit retail planning leaders. Moreover, the potential to connect retail planning to the supply chain presents retailers and their leaders the ability to raise efficiencies and compete on cost, which is becoming more vital as businesses with low-growth consumer markets battle for market share.

Accordingly, retail planning has become more linked to supply chain planning than previously thought. In our experience as specialists in supply chain optimisation, across several tools, Anaplan, Vena and OneStream, it is clear the portfolio of projects has perfected our skillsets to address challenging and game changing drive in the retail sector.

Sonum can offer several benefits in this adventure: focusing on realising and achieving.

  • Plans that are accurate and comprehensive across the business units, leading to better company-wide decision making
  • The flexibility to adapt to a changing business and market
  • Improved communication and alignment between siloed departments
  • Actionable reporting to all levels in the business hierarchy
  • Cloud-based and enterprise technology

This connection between the retail and supply chain can be made now! Get started with your call-to-action and reach out to us today and hear about our Retail experience and several use cases over the years of connected planning.

Experience

Below a selection of some interesting projects we did that helped our clients to bring their processes to the next level

Detailed Planning

The organization would like to see more details about its product range in its financial and commercial reporting. To that end, this international organization is making the switch from Essbase on-premise to Planning and Budgeting Cloud Solution (PBCS).

Retail Focus at ASICS

In order to manage the ambitious growth in the number of ASICS shops, the global sports brand needs an adequate retail planning approach

Budget forecasting model at Tranquini

Setting up data integrations and workflow for the model developed in the Vena Cloud Solution 

Asortment Planning

Anaplan was introduced to replace the heavy, VBA-overwhelmed and unstable spreadsheets to consolidate Sales Plans from suppliers side and Product requests at Store and SKU level.

Using OneStream for results by store at Hunkemöller

Hunkemöller is growing fast: it now has more than 900 stores, and more stores and more countries are being added each year.

Questions regarding the Retail Industry?
Contact Maud!