The retail industry has traditionally struggled with accurate planning for its data-intensive industry. From the level of individual points of sale (POS) and the respective products offered and workforce employed, to the aggregation level of several POS and wholesalers as well as supplier networks for the most diverse SKUs (Stock Keeping Units), to the overall view, maintaining clarity is vital. With growing complexity due to globalization, digitalization, disruptive technologies and new competitors, it is essential to always have an up-to-date overview of all processes such as incoming and outgoing goods, deliveries and required human resources at various locations. Diverse prices (purchasing, sales, competitors) and return rates are also important drivers in retail business development that require accurate tracking.
While many organizations still plan with Excel as their only tool, successful retail chains plan with specialized software solutions to speed up planning processes, foster collaboration, and ensure better data quality for a consistent overall view. They also benefit from a high degree of flexibility through scenario models and the possibility of rapid reforecasting. With Jedox and a global network of more than 250 partners, you benefit from comprehensive retail expertise, both online and offline.