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Continuing our series on the three main categories of discoveries that a solution should provide retailers to help minimize the effort necessary to identify controllable factors that can be translated into action, this edition will break down what is known … Continue reading
Category Archives: Operating Costs
Like A Bridge Over Troubled Water
The close of 2012 ended with a compromise on taxes that was just a bridge over the fiscal cliff. The start of 2013 will begin with the next stage of spending cuts which have yet to be decided. Even with … Continue reading
Big Data, Predictive Analytics and the Bottom Line (Part 2)
Information and technology are always evolving. Every Chief Information Officer of any organization typically evolves and adapts to changes in their industry. One method that experts say a CIO should utilize in order to evolve is thinking like an entrepreneur … Continue reading
Save Time, Money, and Resources – Prevent the Accident Before it Occurs
The economic downturn impacted your company and your department. You’ve probably lost staff and budgets have been trimmed. However, you’re still expected to deliver results at equal or better than previous.
Sweethearting, Retail’s Evil Mistress
Sweetheart used to be just a term of endearment, yet in the retail world it is a term that conjures up suspicion and dread. Sweethearting (or free-bagging) is when an employee at the cash register passes merchandise to a friend … Continue reading
Big Data, Predictive Analytics and the Bottom Line (Part 1)
Retailers are always trying to leverage new ways of looking at analytics and capabilities, coupled with new ways of consuming the information. A report based on a survey of 81 qualified retailers by Retail Systems Research, LLC, discusses both the … Continue reading
Showrooming your way to profitability
In a recent study conducted by RetailWire, both the impact and best known solutions to combat the trend of “showrooming” are exposed. Showrooming may be the term that the industry is familiar with, but the real concern is regarding the … Continue reading
Trends of Retail – Simple Processes and “Doing More With less”
Today’s retail industry is evolving at a rapid pace, and executives are doing everything they can to keep up. One trend we are frequently seeing is the effort to simplify processes and operations while at the same time investigating ways … Continue reading
Upstream Solutions to Downstream Problems
In any situation, when a problem arises, it’s human nature to look for a solution in the area in which the problem is located. In retail however, that means a store inventory distortion problem should have a solution downstream, within … Continue reading
Change You Can Count On
In a time when resources are tight and new sales even tighter, something has to give. The forecast for retail growth is flat or slow at best. Even the mode of operation for retail is changing before our eyes. Consider … Continue reading