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Market Overview
The Retail Supply Chain is going through a lot of changes. New initiatives such as Global Data Synchronisation (GDS), Radio Frequency Identification (RFID) and Collaborative Planning and Forecasting (CPFR) are causing Retailers to have a good look at the internal systems they have in place to see whether they can handle the data requirements of these corporate strategies.
Retail organisations need to consider the future needs of these strategies and plan today for a scalable solution to managing the data requirements these will bring.
Even if Retailers aren't yet ready to embrace these new initiatives, optimising today's supply chain is just as important to ensure that the business is as streamlined and efficient as possible. Pennies shaved off a supply chain process can mean millions of savings in the longer term picture.
Product Information Management technology can provide retailers with the robust data infrastructure needed to take on these initiatives and underpin them with a reliable, integrated source of all product data. With shoppers wanting to know more information about the products they buy it is imperative that retailers know immediately where to look and how to find the detailed information requested.
Mcel provides Product Information Management solutions for Retailers which can deliver benefits to all areas of the organisation including: Increased shelf availability and hence customer loyalty.Faster time to market for new product introductions.Improvements in all areas of supply chain efficiency – sourcing, procurement,fulfillment etc. More effective processing of purchase orders and invoices, improving cash flow.
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