Procurement Software for Retail Industry
The time of omnichannel retail, fast and free-shipping and consumer supremacy is upon us!
Consumer behavior is changing dramatically and retailers across the globe are finding new ways to survive and benefit from the disruption. On the opportunity side, retailers see new markets opening due to rapid economic and income growth in emerging economies, technologies that easily transcend global market barriers and Big Data analytics that yield unprecedented visibility into consumer behaviors and preferences.
On the challenge side, retail brands are coping with long-term uptrend in commodity and other raw materials input prices, rapidly shifting global supply-chain and cost-trend dynamics and unprecedented consumer insights and abilities to rapidly find, compare and share information around product pricing, quality, supply-chain practices and so forth.
In this scenario, retail sourcing and procurement teams need to be fast, nimble and exceptionally well informed so they can:
- Boost operating margins and brand equity simultaneously.
- Drive differentiation via private-label sourcing, customer experience and other strategies.
- Empower retail brands to harvest opportunities from Big Data analytics, ensuring the right products are always available where and when needed.
Whatever differentiation strategies and operating decisions a retail brand may choose, Zycus’ advanced sourcing and procurement offerings will help to deliver on business objectives in efficient and competitive ways, keeping your retail brand ahead of the curve in an industry of 'fast followers'.
To read about our procurement solutions for retail industry, download brochure