A Profitero study showed Target’s online prices were 25% more expensive than Wal-Mart’s, which were just slightly more expensive than prices on Amazon.
What if you could access the information that is critical to your retail operation’s success from your desktop, notebook, or personal digital assistant? What if the information was delivered directly to you in an easy-to-understand, at-a-glance format? What if senior retail executives and merchandisers could cut their decision response time in half? And what if the solution to enable all this could add value to your retail company in less than 120 days, with an ROI of 60 percent within two years?
Learn how knowledge management can significantly improve business performance in a free Web seminar titled, "Increasing Profitability with Retail Decision Tools" on Thursday, November 8. This one-hour online seminar, co-sponsored by Intel® and Internet Retailer™, is expected to draw hundreds of retailing and cataloging executives. Pre-register at www.regsvc.com/intelretail
The Web seminar will look at critical retail business issues and offer a preview of the new Scient® Decision Dashboard™ solution, which provides retailers with precise, real-time information that is critical to success, including department-vendor margins, out-of-stock situations and inventory positions. The Decision Dashboard consolidates information at the individual store, as well as the SKU level. The system can also track customer service activity, call centers, and retail web sites.
Developed to deliver value within 120 days, the Decision Dashboard integrates with existing IT investments, avoiding costly and traumatic "rip and replace" alternatives. In addition, third-party models indicate that a retailer could see as high as a 200% return on investment thanks to quicker reaction times and more efficient forecasting and planning.
"By using the Internet to integrate software and process solutions across companies, Scient and our collaborators can deliver significant additional cost and time savings," said David H. Friedman, global managing partner of Scient’s Retail and Consumer Goods Practice.
Decision Dashboard is optimized for Intel-based e-Business systems and integrates with hardware and software applications from leading retail technology companies. Representatives from Intel, Scient, and Mercari will participate in the Web seminar. Jeff Roster, Senior Retail Analyst at Gartner Dataquest, will chair the discussion. Pre-register at www.regsvc.com/intelretail