Archive for ‘October, 2007’

45 results.
Oct13

Enabling Category Management with Space-Time Intelligence

by admin on October 13th, 2007 at 4:38 am
Posted In: Category Management

By Nicholas Jacquez , TerraSeer Category management is the process of identifying and managing product categories as strategic business units, rather than simply viewing a retailer’s offering as a collection of individual products. The category management approach delivers enhanced business results by focusing on delivering consumer value. It is often a shared process between a […] ↓ Read the rest of this entry…

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Oct13

VENDOR MANAGED INVENTORY

by admin on October 13th, 2007 at 4:49 am
Posted In: VMI

What is Vendor Managed Inventory (or VMI) ? Vendor Managed Inventory simply means the vendor (the Manufacturer) manages the inventory of the distributor. The manufacturer receives electronic messages, usually via EDI, from the distributor. These messages tell the manufacturer various bits of information such as what the distributor has sold and what they have currently […] ↓ Read the rest of this entry…

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Oct13

Why would a company want to be involved in a Vendor Managed Inventory program?

by admin on October 13th, 2007 at 4:53 am
Posted In: VMI

DUAL BENEFITS: Data entry errors are greatly reduced due to computer to computer communications. The speed of the processing is also improved. Both parties are interested in giving better service levels to the end customer. Having the correct item in stock when the end customer needs it, benefits all parties involved. A true partnership is […] ↓ Read the rest of this entry…

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Oct13

Some of the steps to consider when starting a VMI program

by admin on October 13th, 2007 at 4:57 am
Posted In: VMI

Each Step in this process is extremely important. Skipping or not completing any steps will have a major impact on the success of your VMI program. Expect to spend a significant amount of time on each step. The steps below assume the use of an EDI based system.     .….SETUP Step1- Senior Sponsorship: Since the […] ↓ Read the rest of this entry…

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Oct13

How to start up a Vendor Managed Inventory program.

by admin on October 13th, 2007 at 4:58 am
Posted In: VMI

 There are 2 different ways to start up a VMI program. 1. Homemade System: Some companies decide to build their own software. It requires expert knowledge in the area of VMI, Inventory Management and of course, a few good programmers. Benefits: The benefits of this type of system is that it can be customized specifically […] ↓ Read the rest of this entry…

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Oct16

Wal-Mart’s Better Than Target?!?

by admin on October 16th, 2007 at 8:55 am
Posted In: Retail Management

Until recently, Target (NYSE: TGT) had the masses in thrall, thanks to healthy performance when compared to rival Wal-Mart (NYSE: WMT). But times have changed. Now that Wal-Mart reports supposedly “good” news, the headlines — and investors — are going ga-ga over the Bentonville behemoth. Has Target become yesterday’s news? Target’s same-store sales in September […] ↓ Read the rest of this entry…

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Oct17

The Business Process of Category Management

by admin on October 17th, 2007 at 4:42 am
Posted In: Category Management

SAP for Retail solutions cover the key processes in category management, including: Strategic planning – SAP for Retail helps you develop your rolling three-year strategic plans by providing historic data analysis capabilities as the basis of forward projections, and enabling you to build financial models of various potential plan scenarios. With SAP solutions, you can […] ↓ Read the rest of this entry…

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Oct17

Ensuring supply chain project success

by admin on October 17th, 2007 at 4:54 am
Posted In: Supply Chain Mgt

As supply chain implementation projects can have a significant and almost immediate impact on most companies’ bottom lines. However, the path to that bottom line is often clogged by excessive costs, lengthy delays, resistance to change and shifting priorities. The impact can either be excellent or disastrous. Cost of failure: Last year, the giant British […] ↓ Read the rest of this entry…

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Oct18

Multi-Channel Retailing success stories continue

by admin on October 18th, 2007 at 5:03 am
Posted In: Retail Management

Offline retailers are increasingly offering a way for consumers to shop online but pick up the goods in stores, allowing them to avoid shipping costs and choose from a wider selection of items than their local stores can stock. Because customers tend to bolster these purchases with others once they get into the store, retailers […] ↓ Read the rest of this entry…

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Oct18

Who are the top retailers in India today?

by admin on October 18th, 2007 at 5:11 am
Posted In: Retail Management

Pantaloon Retail (India) Pantaloon’s managing director Kishore Biyani believes in changing the rules. When Pantaloon started the Big Bazaar discount stores in 2002, malls were not part of the shopping culture. Big Bazaar became a hit, as it combined the look and feel of Indian bazaars with aspects of modern retail like choice, convenience and […] ↓ Read the rest of this entry…

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