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. Without the ability to see what is happening as it is happening, any response to a situation along the supply chain is belated and often ineffective.
This ineffectiveness is the result of inadequate information. Without the right information, it is impossible to predict intelligently. Without intelligent predictions, it is unlikely that responsive action will be effective.
See What Is Happening As It Is Happening
Real-time product management enables the tracking of location, status, and more by simultaneously monitoring everything that is happening. Transfers, sales, allocations, receipts, or purchases are available for business analysis immediately. So if an emergency meeting is called because a typhoon disrupted shipping for one supplier, alternatives solutions are available for brainstorming.
Predict Intelligently To See What Could Be Happening
Simulations are exact for review when you have all the data from the past and the present at hand. Predicting the potential scenarios during that emergency brainstorming meeting are suddenly realistic because the information you are discussing is not a generic hypothetical situation.
Respond Effectively To What Is Happening
A number of tools are standard in ChainDrive’s Product Management component so that real-time solutions can be considered in that brainstorming meeting. The OLAP governed matrix centralizes and facilitates effective response to any situation. Consider what can be done:
- Multi-tiered pricing by banner, location, demographic, zone, or unique specification
- Analysis and monitoring of price changes as historic data is compared to today
- User-defined attributes correctly and specifically categorize merchandise
- Attributes assign directly to product for accuracy
- Transfers are optimized by utilizing user-defined parameters
- “From, where, and when” of all post-distribution stock is controlled
- Preconfigured functions facilitate mass recalls and many-to-one consolidations
These tools and more are available so that responses to situations are effective and appropriate.
The extensive analytical tools, reports, and performance metrics are in one power module, the ChainDrive Matrix. This Product Management software enables action in real-time no matter how complex the situation is because retailers can see what is happening, predict intelligently, and respond effectively as soon as action is necessary.