Are you searching for business planning software? o9 Solutions provides you a mPower software to manage S&OP, supply management, retail planning and more. For more information contact now!
The Importance of Trade Promotion Software for Businesses. Promotion is one of the key things for the success of an organization.
Trade Promotion is one the biggest challenges that businesses face and there are many solutions available to execute it effectively. Being a marketing technique, trade promotion is all about increasing the demand for products in the retail stores using different strategies such as special pricing, value-added bonuses, coupons, attractive in-store display fixtures, free demonstrations, sweepstakes, etc. Trade Promotion Software can come as welcome relief to handle the various kinds of issues that businesses face to promote their products. If you have never used a Trade Promotions Software for your business till now, you must consider using it to reap plenty of benefits that it offers. Some of them are listed here. • One of the biggest issues that businesses face is the lack of accurate and timely information. . • Proper analytics are required for taking important decisions on promotion. o9 Solutions: Improve Efficiency with Product Portfolio Management Software.
Many businesses are keen to adopt various project and portfolio management software to have an upper hand in the market since these tools and software help a business flourish in many ways.
The Product Portfolio Management Software can help you be more profitable by selecting and filling niche markets with new products way faster than the competition. Mitigate Risks: One of the biggest things that most businesses like to do while executing different projects is the risks involved. They take special measures to evaluate and mitigate risks to avoid any potential loss that can arise in the future. This software also helps in estimating any issues that can crop up in the future, giving sufficient time for the businesses to find solutions to handle it effectively.
Utilize Resources: Once the enterprise decision makers have prioritized the projects and finalized project strategies, they can allocate resources to the projects effectively in order to utilize their expertise fully. Is the Bake-Off Really Necessary?Why Rigid, RFI/RFP Evaluations can Lead to Suboptimal Results - o9 Solutions. Andrew Heidt I am a connector of people.
Using our mPower platform, I can connect your organization and increase efficiency 10x. Latest posts by Andrew Heidt (see all) Selecting a solution provider can be a tedious endeavor. A company has to not just recognize that a specific process is sub-optimal, but must also pinpoint the root cause of the problem. Omni Channel Planning Blog Series – Are You on the Right Track. The “most common” definition of Omni-channel retailing is enabling customers to shop and return merchandise across any of the channels (stores, e-commerce, catalog, mobile).
Catalog and mobile channels being a relatively small portion of the sales for most retailers, it effectively reduces the problem to store and e-commerce. A lot of retailers have been doing “multi-channel” retailing for decades. Two things changed: 1. Rise in e-commerce spending leading to a larger share of revenue from e-commerce. 2. Consumers shopping behavior – Earlier there was a belief that the consumer who shops in a store is different from the consumer who shops online.
In summary, a lot of retailers have been operating multiple channels for the last two decades. o9 Solutions: Omni Channel planning – Are You on The Right Track. I was talking to an Omni-channel executive at a major retailer and he shared an interesting story with me.
He and his daughter were driving in Midwest USA when they saw a truck next to them that read: “Anything, Anywhere, Anytime.” His daughter turned to him and asked, “Dad, isn’t that what you are trying to do at your company?”. He smiled and nodded, however, he didn’t have a good answer to her question. Useful Tips for Choosing Integrated Business Planning Software. Integrated business planning is a critical aspect of planning and budgeting methodologies that many successful organizations follow for higher revenues and better operational efficiency.
Any firm in this day and age needs to have dependable insights as far as business performance, and customer satisfaction is concerned. It must adopt strategic, operational, and financial planning approaches effectively to gain more out of the investments made. Nowadays, there are multiple platforms that consider various other aspects of financially orientated enterprise performance management besides traditional sales and operations planning. These solutions help align the different demands of top-down financial targets, bottom-up headcount plans, and sales initiatives. Moreover, this integrated insight can help the firm change and adapt quickly to situations, which is especially helpful in an environment that is rather unpredictable.
o9 Solutions: Business Operations for Which You Can Use Demand Planning Software. Demand planning software helps organizations to manage their supply chain more efficiently and effectively.
It enables businesses to create a platform that brings down costs, improves productivity and increases cash flow. Moreover, it enables enterprises to respond to changes in the market more proactively and swiftly while taking on new rival companies with strength and intelligent demand supply strategies. Demand planning software provides strategic value, increased visibility in the supply chain management process and helps grow your business operations to greater heights. The process of demand planning delivers effective inventory planning functionality and helps one to make financially sensible decisions by providing insights and analysis regarding the financial capabilities of the business. The solutions also enable a firm to forecast new products by analyzing the demand pattern from similar products.
o9 Solutions – Business Planning Software. OUR PURPOSE & VISION - o9 Solutions. Enterprises today are one of the largest consumers of the earth’s precious resources.
As an organization, if your planning process is poor, then generally your forecasts are poor. What happens is that your resources are misallocated. Your organizations within the company are misaligned. It ends up that you use much more resources then you need to meet the market needs; to meet your goals. It’s a big waste and this can be changed. Omni-Channel Business Planning Software at o9 Solutions. I was talking to an omni-channel executive at a major retailer and he shared an interesting story with me.
He and his daughter were driving in Midwest USA when they saw a truck next to them that read: “Anything, Anywhere, Anytime.” His daughter turned to him and asked, “Dad, isn’t that what you are trying to do at your company?”. He smiled and nodded, however, he didn’t have a good answer to her question. What is Omni-Channel Retailing & Why Now? The “most common” definition of Omni-channel retailing is enabling customers to shop and return merchandise across any of the channels (stores, e-commerce, catalog, mobile).
Catalog and mobile channels being a relatively small portion of the sales for most retailers, it effectively reduces the problem to store and e-commerce. A lot of retailers have been doing “multi-channel” retailing for decades. Two things changed: Rise in e-commerce spending leading to a larger share of revenue from e-commerce.Consumers shopping behavior – Earlier there was a belief that the consumer who shops in a store is different from the consumer who shops online. This belief has been invalidated.
In summary, a lot of retailers have been operating multiple channels for the last two decades. o9 Solutions - What is the Value of Omni-Channel Retailing? Some retailers would argue that this is table-stakes to be in the business and not fall behind competition. It is true but there is also significant dollar value that can be realized if done right. The key value drivers that I most often see: Sales growth: 1%-3% This is largely driven by recovering some of the lost sales that would have occurred due to lack of inventory in a store or online. World Class IBP Blue Print - o9 Solutions. Markets that 21st century organizations compete in are increasingly dynamic, complex battlefields.
Financial success in such battlefields hinges on developing new levels of planning, execution and continuous improvement capabilities. With this basic principle in mind, and building on lessons learnt from helping hundreds of global corporations deal with operational complexity and variability, we have formulated a unique set of process & technology innovations. We call this set of innovations the mPOWER system for Integrated Business Planning. What are the capabilities that mPower provides to help an organization become world class at IBP? A typical global corporation is competing in multiple market segments simultaneously (multiple product categories, different market regions).
The mechanism to drive this synchronization is the Integrated Business Plan. Going after these new features could: What is the right decision? Product management solution - o9 Solutions. Planning And Budgeting Software by o9 Solutions. Your annual planning process should not have to be a painful, political, negotiation exercise every year. Product Portfolio Management Software by o9 Solutions. o9 Solutions – Integrated Business Planning Software. o9 Solutions - Merchandise Planning Software. With fast changing consumer trends, dynamic competition, omni-channel growth, and complex global supply chains, merchants and planners need better capabilities than siloed systems and spreadsheets to make merchandising decisions.
Our intelligent merchandise management platform is a highly scaleable, flexible platform for driving integrated targets, budgets, assortment, marketing, promotion and allocation decisions. o9 Solutions - Integrated Business Planning Software. o9 Solutions - Financial Business Planning Software. o9 Solutions - Product Portfolio Management Software. o9 Solutions - Supply Chain Planning Software. o9 Solutions - Business Planning Software.