Retail
Beat profitability challenges and your competition.
Today’s retail world is characterized by cutthroat competition fueled by globalization, deflation, diversification of sales channels and, most of all, changing customer demands for variety and choice. Yet high financial expectations remain. Profitability challenges involve both revenue and cost. Sales are flat as you struggle to make the right decisions about product, pricing and promotion. At the same time, you struggle to understand and manage the costs due to the lack of global visibility across the value chain.
Jonova brings clarity to the cost of operations and delivers new levels of insight into product line profitability. Gain a competitive advantage and improve profitability with greater insight and decision making confidence.
Industry Challenges
- Shifting demographic and lifestyle trends that impact the product mix and inventory levels in specific stores
- Industry consolidation adds complexity to strategic planning, competitive response and performance management
- Globalization and global sourcing concerns affect not only your stores, but also your supply chains. You must protect your organization from risks involved with international sourcing
- Logistics tradeoffs where even though direct ship makes sense for suppliers and retailers alike as stock levels, costs and risk are all reduced the tradeoff of losing control of the delivery process can create its own problems
Jonova Solutions for the Retail Industry
Jonova can help you improve product shelf availability, reducing supply chain costs, and improving overall financial performance. With Jonova, you can improve operations, cut costs, increase efficiencies in your supply chain and strengthen your product mix to deliver of the largest variety of products at the lowest cost.
- Identify, serve and retain the most profitable customers
- Leverage organizational assets to serve customers more efficiently and profitably
- Use key performance drivers such as labor costs, inventory and utilities to analyze and plan for store performance
- Drive disparate functional units towards common goals and actions
- Improve Planning, Budgeting and Forecasting cycle time and accuracy
- Incorporate financially driven planning into your current S&OP process with explicit connections between planning and execution
- Drive revenue and protect margins with optimized plans, pricing, promotions and allocations
- Improve key brand/product success rates
- Make better decisions on what products to retire and what products to retain in inventory
- Examine seasonality to better understand the exceptions and time periods where raising inventory levels is required or where markdowns should be applied without sacrificing profitability
- Identify products and promotions most likely to break the purchasing threshold for specific customers or segments
- Analyze the potential effectiveness of specific promotions
- Create a collaborative planning environment to improve demand shaping capabilities
- Establish a system that supports supplier risk management
Corporate Strategy and Performance Management
Sales and Operations Planning (S&OP)
Portfolio Optimization and Product Performance Management
Sales and Marketing Management
Supply Chain Management
