When you give your customers what they want, when, where and how they want it, you position your retail business for optimal success. But there are a number of challenges you might face along the way such as an inability to develop product assortments and pricing targeted to your customers, difficulties managing large vendor networks, lack of timely responses to consumer demand, high customer churn rates, or insufficient information to act quickly to the needs of your business.
R2W not only understands these and many more common challenges faced by companies within the retail sector, but also brings in-depth software expertise that can help you make the right decision to support your business growth.
To maximize profitability, you need to offer the right product, at the right time, with the right variations, to the right audience, at the right price. Through advanced analytics, seamless sourcing and buying, planning and optimizing offerings according to specific customer needs, you can support profitable growth.
When demand is high, supply must be too. By making your supply chain and supplier networks more efficient, you can fulfill the need for demand flexibility across all channels, while optimizing inventory, warehouses and transportation.
When you deconstruct and dissect your operations, you can better understand what’s really driving your business: the needs of your customers. By analyzing important data, by simplifying your core business and by focusing on the delivery of relevant experiences any time and anywhere, you’re able to optimize engagement with your customers and increase sales.