Retail

 

Retail

Templeton Solutions helps you manage retail products, processes and relationships for greater profitability

Retail is detail and complexity. Retailers have to reduce inventory investment while improving in-stock positions, increase customer service while reducing labor costs, and decrease operation costs while expanding to multiple channels. Add to these demands the need to consolidate acquisitions, fight off encroaching competition, and do it all in a challenging economic cycle, and it is clear that retail requires advanced business solutions.

Contact Us to learn more about improving your retail business.


Critical Issues

Economic factors, including personal income, consumer confidence, job growth, and interest rates, can greatly affect consumer spending and the retail sector. Retailers can combat these threats by optimizing their current inventory and integrating an enterprise resource planning (ERP) system combined with other retailer information systems to improve communication among disparate systems. 

Retailers are starting to leverage the Web thanks to widespread consumer acceptance. An increasing number of retailers use the Internet to develop targeted email lists, sell exclusive merchandise, deliver special promotions, and support customer service. 


Key Drivers

Consumer tastes and preferences can change rapidly and greatly affect demand for retail items. Fashion fads and product life cycles can be unpredictable and companies may struggle to make merchandising decisions based on future trends. Forecasting error can result in excess merchandise or out-of-stocks and missed opportunity. 

Price-based competition can erode margins for entire retail segments. By setting different profitability requirements for various merchandise categories, companies can price certain items low to be competitive while recouping profits on other goods.

Contact Us to learn more about improving your retail business.

 

Retail Companies Benefit from Templeton Solutions

Operations management

  • Speed data flow throughout the business.

  • Track inventory received from purchase orders at individual stores.

  • Automatically update inventory data.

  • Simplify item and vendor entry.

  • Provide visibility into all sales transactions at individual stores.

  • Eliminate double entry of payouts, overages or shortages, and surcharges.

Financial management

  • Track customer payments, inventory receipts, and sales transactions.

  • Automate purchase order processing.

Analysis and reporting

  • Perform data analysis and reporting with Analysis Cubes.

  • Import data from Excel.

  • Export reports to Excel for decision support analysis.

  • Print reports to Excel-friendly formats.

  • Send reports by e-mail.