In merchandise many retailers are restricted by lack of accurate information on their sales , stock turnover and customer demand, The balance of right inventory is crucial for retailers as ” every stock that is excess has an monetary effect on its business, while stock outs result in loss of sales, excess stocks add on to the inventory costs. Managing the right stock by re-ordering at the exact point not only helps, Food and grocery chains to control costs, but it also helps save costs by ordering goods in the right propotion taking into historical demand and future demand
RETIGENCE inventory system and analytical engine helps retail and merchandisers profit from dynamic ordering
Its easy to use and powerful ordering and reporting system provides data on real time basis such as inventory control, GMROI, stock out excess stock outs and, vendor procurement and SKU levels, which helps the operation managers and C level executives take better decisions. Besides it also enables generating real time dynamic orders for vendors and helps align their business to real time demand
Retigence PRAN™, ( Predictive Analytics Engine) is designed to give retailers better insights “into their overall inventory performance,latest position of their SKU’s and help them to plan better by providing a real time state of their ordering and reordering points and enable them to maximise sales, profit, inventorty insighy ailability and customer satisfaction
Among the biggest business challenge for retailers is their inability to meet business challenges due to stock out or excess of stocks . Additionally working capital is locked in excess stock adversely affecting profitability,which in turn lead to lost customers,and inability to retain customers
By quickly and easily delivering required information to store owners, purchases and other decision makers, PRAN™ helps retailers enhance decision making, ultimately leading to higher sales, gross profit and faster growth.