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Showing posts from April, 2020

Sales and Operations Planning

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Oftentimes, success in business can be correlated to how well the departments within a company communicate with each other and achieve their own personal goals. Some of these department goals may include: Finance – Stay within the budget, Sales – to meet the demand of the consumers, Operations – Manage a supply that is as close to the demand as possible, Marketing – Create more demand, etc. It would be significantly more difficult for all of these departments to achieve their own personal goals without collaboration. Let’s take sales and operations for example. The goal of the sales team is to make sure that the consumer demand is met. The goal of the operations team is to make sure that there is enough supply to meet the demand without producing too much supply. This is a tricky task because it is entirely based on what the sales team is able to accomplish. For these reasons and more, Sales and Operations Planning software was created. Sales and Operations Planning, commonly r

Retail Analysis Software

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In general, eCommerce brands seem to have an advantage when it comes to measuring analytics because they are able to track these metrics precisely through tools that show how long a mouse hovers over an area, or how often a page is visited. Unfortunately for live retail stores, cannot precisely track how long a particular customer spends in a section of the store or where that particular customer came from. That is why retail analysis software is an essential part of any successful store. You may expect retail stores to have steady decline thanks to the introduction of large eCommerce suppliers such as Amazon. However, despite the retail apocalypse, stores such as Target, Walmart, Dollar General, Best Buy, Costco, etc. are all thriving. These stores did not give up at the first sign of distress, rather, they invested in retail forecasting and retail demand planning , among other retail analysis tools, in order to plan, gauge, meet, and exceed the demand. This cutting