Retail Solution
Helping the Retail Industry Embrace the Multi-channel Business Model through Collaborative Portfolio Management Solutions
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The Retail Industry within the United States is going through a period of intense change and the pace of this change is hastening every day. The pure play business model has been unsuccessful in most segments and the revolution from bricks to clicks is maturing. In this highly critical evolutionary period, from store frontage to back office, this industry is undergoing a key life change and it would be immature not to consider the Multi-channel Business Model as one of the viable mode to pursue in this cutthroat industry. The future is Multi-channel Business Model. |
InventX™ Solution
InventX™ provides out-of-the-box web-based solution for the retail industry that directly facilitates the Multi-channel Business Model. InventX™ solution helps the retailers to trace and manage its Employees, Vendors/Suppliers, Executives, and even Customers in real-time across more than one channel in a highly secure environment.
InventX™ product family has been architected to mirror project/process management workflow, especially in the multi-channel model wherein there is a strong need for an organized methodology of managing portfolio of projects. Multiple projects can be efficiently managed based on the Demographics, Business type, Product type, Inventory type, Distribution type, and/or based on the Information Technology hierarchy within a retail company.
InventX™ solution helps managers in monitoring and making decisions regarding the overall resources of a project(s). InventX™ products also help the retailers to trace & forecast true costs for building leases, employee wage bills, training etc. Day-to-day issues and time can be supervised in real-time and if there is a need, critical project information can be automatically notified to the appropriate individuals within the organization.
InventX™ solution helps to capture and organize the enterprise-wide distributed project information (Costs, Resources, Time, Tasks, Issues etc) from various channels including online marketplace, distribution segment, inventory etc. The system can even administer tactical and strategic marketing strategies including media integration that has significant impact on both the short-term and long-term sales of a company.
InventX™ products facilitates the retailer to define the project(s), plan, estimate, track, control, evaluate risks and even generate real-time reports for efficient executive level decision-making that has momentous influence on the company’s profitability.
In the Multi-channel Business Model, project information on prices, merchandise, stock, logistics, and stores must all fit together to make the retailer profitable. Failure in one of the area will cause failure in all of them.
InventX™ solution helps the retailer to thrive and secure the project information and immensely supports to augment these basics by a coherent multi-channel strategy, where the blend is right; so one element supports the other.
Results
Enhanced Team Collaboration including document sharing, Issues/Change management, E-mail etc
Superior Project Planning including charter information (project type, reason for, description, background, etc), stakeholder information, checklists, goals and objectives, constraints, and deliverables.
Improved Resource Management including efficient resource skill/group assignment and associated cost tracking capabilities.
Multi-project Scheduling methodology including one step import/export to Microsoft Project, defining Work Breakdown Structure (WBS), tasks, milestones etc.
Efficient Time Tracking for the resources across the organization in real-time.
Effective Project-tracking and Financial Reports via the web.
A Superior Solution!
InventX™ Solutions are designed completely based on Industry Standard Methodologies and Best Practices (Project Management Institute’s Project Management Body of Knowledge [PMBOK], Software Engineering Institute’s Capability Maturity Model [CMM]). The core strength of InventX™ solution is its ability to tailor its solution to a specific retailer’s internal and/or external needs. For instance, a retailer must track specific data during the execution of the projects relating to Segment Performance, Distribution Channel Efficiency, Store Location Downside Potential, Marginal Merchandise Categories, 5-year Sales Forecasts, Discounts/Price Cuts Impact, and so on. This customization is done at the enterprise level, yet can be driven down to the portfolio, project, document, and issue tracking level.
Summary
InventX™ Retail Solution offers the following High-level Business Benefits for the retail participants in the Multi-channel Business Model.
For further information on our solutions for Retail and Consumer Durables power sectors, please contact us at info@inventx.com