Retail Market Dynamics for Software Vendors
Part Two: Progress
P.J. Jakovljevic - September 14, 2004

Software Product Groupings for Retail

Aspiring software vendors offer some or most of the following groupings of products: 1) As the modern retail enterprise is required to rapidly collect, organize, distribute, analyze, and optimize information throughout its organization, retail enterprise systems include corporate level merchandise management systems that enable retailers to manage their inventory, product mix, pricing, and promotional execution, and enhance the productivity and accuracy of warehouse processes. In addition, retail enterprise systems should include a comprehensive set of tools for planning inventory and in-store space decisions throughout the demand chain, analyzing business results and trends, automating demand forecasting and replenishment, tracking customer shopping patterns, optimizing revenues through trade allowances, and promotional program management...