www.vsiApparel.com
Success in today’s competitive and dynamic business environment requires swift decision making based on reliable knowledge, entailed actions with minimal operational delays, and continuous measurements to keep organizational performance aligned with the strategic goals. As a strategic partner, Visionet delivers end-to-end cutting edge information technology services and solutions to help retail businesses achieve these objectives; thus leading to drastic operational efficiencies, higher profitability and growth.
Retail Performance Optimization Integrating knowledge, process and technology
Closed loop organizational performance management offers tremendous rewards. It essentially provides businesses with the ability to thrive under constant pressure along with a leading edge over competitors through successful execution of corporate strategy with operational excellence. Yet, for any business endeavoring to reap these benefits – especially those dealing with a large and diverse sum of inventories, supply chain management, and multi channel sales – continuous performance optimization is extremely complex to execute without integrating the process, the right set of information technology tools specifically built for the need, and the lightening fast discovery and utilization of useful knowledge.
Business challenges
Our Solutions
Centralized View
Visionet’s Retail Performance Management solutions essentially involve consolidation of data from various sources, querying, analysis of the data, KPI’s and putting the results into closed loop practices.
Typically, IT infrastructure in organizations is spread among disparate systems making it extremely hard and labor intensive to develop process centric performance measurements through traditional means.
Situation Analysis Typically, inadequate and late, preventing the organization from taking substantial, timely advantage of the available data
Ineffective Knowledge Discovery Lack of automated analytical tools and sheer volume of POS/ transactional data hampers an organization's ability to discern emerging patterns. Thus, valuable knowledge remains obscure to decision makers.
Intelligence & Actions Gap Business Intelligence tools do provide insight to users, but all the knowledge is not translated into actionable items; thus resulting in various operational issues and loss of valuable time.
Measurements & Organizational Goals Key decision makers may have access to numerous reports and KPI's (Key Performance Indicators). However, these Performance measurements are not always aligned with the organizational goals.
Cross Functional Visibility Limited information affects collaboration between suppliers, retailers, and within the organization. This is primarily due to the lack of access to Point of Sales (POS), orders, logistics and forecast data. Collectively, these factors work as negative catalysts leading to sales and inventory imbalance, lost sales opportunities, and incurring higher inventory carrying cost. Hence, the organization's net profitability is directly affected.
How Visionet can help? For over a decade, Visionet has been helping clients get around these problems by establishing a proactive, process-driven, and intelligent IT infrastructure. Our solutions are based on integrating state-of-the-art business intelligence, Enterprise Application Integration (EAI), and workflow technologies into your IT infrastructure that leverage your existing software assets, so you do not have to bear the reimplementation costs.
Comprehensive Retail Performance Reporting and Executive Dashboards Provides executives and decision makers at all levels with the critical measurements regarding business performance. Various features of the dashboards include: Hierarchical reporting structure and secure multi level views Options for comparative analysis based on year-to-date, month-to-date and season-to-date measurements Support for standard as well as fiscal calendars Easy to visualize through charts, graphs, and intuitive navigation Numerous financial and operational KPI’s
Sales and Operations Planning Workbench Provides a single view of supply and demand by taking into account current inventory levels, open purchase orders, and demand forecasting Periodic shortage/overage predictions Helps reduce inventory carrying costs and missed sales opportunities
Downstream Data Analytics Downstream Point of Sales (POS) and supply/demand transactional data has tremendous value and is effectively utilized to improve and expedite the decision making process in many areas including forecasting, inventory management, and various other operational matters. Demand pattern identification Markdown optimization Optimal Size scale distribution by product category, region, store, and product Continuous forecasting adjustments Product Category management, and promotion analysis Consumer acceptance trend identification by products and suppliers
Innovative Information Technology Services
Store Manager Analysts Divisional Controller
KPI/Charts
Dashboard
Transactions Point of Sales
Analytics Engine
Reports Actions Alerts Notifications
Workflow & Task Management
ERP OLAP Repository
ERP Updates
Rules Repository
- Sophisticated Analytics - Geared Towards Automation - Workflow Driven Process Management
Bot Queue (Automated Tasks)
Manual Tasks & Alerts
Order Cancellations Automatic Replenishment Drawdown Orders of High Sell Items Forecast Update
Store Inventory Transfer Promotion Launch Price Adjustments Markdowns
Task & Exception Handling Business Users
Integrated Rules and Task Management Solutions Divisional rules with Alerts / notifications Workflow driven task management for repetitive operational activities Auto generated tasks, alerts, and notifications
Closing the Loop between Analytics and Operations through Automation Manual practices create a lack of process standardization, overall slow reaction time, and inconsistent action plans resulting in unpredictability and lost revenue. Automated store order adjustments based on rules, inventory position, and forecast Quick response replenishment Continuous sales forecast updates Order cancellation recommendations based on sales trends Automated POS audits
Business Benefits Reduced out of stock and overstock situations as well as improved replenishment accuracy Timely identification of trends for efficiently accommodating varying needs Minimize reaction time and gain a leading edge in volatile market conditions Keep forecast aligned with changing realities taking into account the latest trends emerging during the sales cycle Leverage existing assets and reduce IT costs
About Visionet Systems Visionet is a global information technology service provider that has delivered cutting edge solutions for over a decade. Our best-in-class solutions and services span Apparel & Footwear, Multi -Channel Retail, and Wholesale businesses. Our innovative solutions include Integrated Business Planning, Collaborative Sales Planning, Business Intelligence, Sales and Operations Planning, Supply & Demand Management, Retail, Merchandizing, and Data warehousing.
Visionet Systems Inc. East Coast Office: 3 Cedarbrook Drive Cranbury, NJ 08512 Phone: 609-452-0700 - Ext: 1116 Fax: 609-655-5232 www.visionetsystems.com
Mortgage
VSI and the VSI logo are registered trademarks of Visionet Systems Inc. Copyright Š 2008 Visionet Systems Inc. All rights reserved.