Category: Product Management

The Key To Successful Product Management

Product management is one of the basic functions a retail operation must get right. Just as a juggler must simultaneously monitor every object moving through the air, product managers must simultaneously monitor the many...

product and inventory management

Optimize Product Life Cycles With The ChainDrive Matrix

The Merriam-Webster dictionary defines a matrix as something within or from which something else originates, develops, or takes form. This is exactly how ChainDrive’s Product Management software utilizes the power module we call “the...

Product Management Is Best In Real-Time

There is a good reason why retailers want ChainDrive Product Management as part of their integrated retail management solution. That reason is the ability to manage all stages of the product lifecycle in real-time....

product and inventory management

Does Effective Product Management Increase Profits?

In retail, there are a number of ways to increase profits. Reduce expenses and increase sales are two very basic ways to impact profits. Do both and you are guaranteed to increase profits. But...

inventory

5 Ways to Control Inventory Levels

Product and inventory management is one of the most important aspects of running a successful and profitable retail chain. If you want to maximize profits, you’ll need to control your inventory. We offer these...

product management

4 Essential Components of Product Management

Every retail store and chain, regardless of sector or the products you carry, has to manage inventory effectively. Without control over your inventory, you have no way of knowing whether your products are gaining...

product and inventory management

Are You Managing Your Prices Profitably?

There are two key components to profitability in retail: Controlling expenses and pricing your product optimally. A part of controlling your expenses is buying the right amount of product at the right price. If...

product management

Why Do Product Managers Need Transfer Optimization?

Product Managers have to do many tasks within their sphere of responsibility. For example, tracking the status of all the inventory all the time and making sure that each individual item is priced correctly...

retail management software

Where Is Your Weak Link In Product Management?

As the saying goes, a chain is only as strong as its weakest link. That illustration loosely fits many different scenarios, but for product management, it’s perfect. The chain that connects the lifecycle of...

price management and retail profits

How To Integrate Price Management Across All Channels

Today’s retail landscape is like nothing that retailers have seen in the past. Multiple channels, customers with smartphones, and vast quantities of data make navigating tasks like price management overwhelming if traditional spreadsheets and manual...