The Foundation You Need For Retail Product Management
Managing the location and status of your merchandise requires the ability to see things in real time. Monitoring purchases, receipts, allocations, sales, transfers, in-transit, on-hands, and all the rest of the details you need to analyze has to happen in real time, too. So how can retail product management teams do their job most effectively? By building your business on the solid foundation of ChainDrive’s centralized database and software.
Centralized For Efficiency
The type of data infrastructure you use has a direct effect on your ability to analyze information. Without having all the data in one place, you must wait for reports to be compiled and sent before you can start to figure out what is happening. The ability to see any status in real time requires all the data to be collected automatically and stored in a central, secure location.
This way, the current location of a late shipment can be seen and alternative allocations can be made. Historical data can be compared to current sales. Simulations can be created with accurate numbers so that your predictions are more accurate. The centralized database is essential because it is the foundation that enables ChainDrive’s retail management software to be integrated.
Integrated For Effectiveness
The centralized database makes it simple to integrate all the channels and tiers and categories that comprise your product lines. You can monitor and analyze all price changes, for instance, whether you are dealing with multiple locations or one. You can view your product data the way you need to for the task at hand because ChainDrive gives you the ability to filter with attributes that you define. Transfer optimization also benefits from this integrated functionality. You can initiate head-office inventory movement, consolidate stock, and more.
Controlling the “from, where, and when” of post-distribution stock movements is simple when you can filter and integrate from a complete database of your business. Without that foundation, you are going to find it difficult to accomplish tasks like mass recalls because your data is scattered and would need to be consolidated first.
ChainDrive Retail Product Management software is part of a comprehensive retail management solution that provides the support and the tools to be competitive in today’s market. Without the foundation that ChainDrive provides, your business is being built on shaky ground.