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OBT RETAIL SOLUTION

“Retail Industry is under pressure from different angles – Agile competition, regulations, Legacy systems and demanding customers.”

In the wake of globalization, regulation, growing costs, and demanding customers retail industry is under tremendous pressure. In addition to these changing market conditions, there are now multiple channels to reach customers. All of this has increased the need for flexibility and agility in the business applications. Current retail solutions are built as separate Siloed systems and pose many challenges in providing a seamless customer experience across multiple channels and providing information where it is needed. All too often, the alignment of technology with business objectives gets bogged down by integration problems and progresses no further than the white board.

Due to stakeholder demands and the resultant Sarbanes-Oxley legislation, the retail & consumer industry is also experiencing heightened regulatory pressures. These pressures will require greater accountability and accuracy in the reporting of financial results, increased levels of corporate governance and board involvement, stronger internal control documentation and a greater need for stronger risk management practices across the enterprise.

A recent survey indicated that Worldwide retail sales are estimated at $7 trillion and compound annual growth rate is (CAGR) of 5.8 percent.

So the complexity and agility of ever changing retail industry bring the in proportion volume of growth opportunities along with challenges.

For retail & consumer companies across the globe, OBT India P Ltd offers a strong and reliable SAP “ERP for retail” solution. Our mission is to help our clients extract value from their multinational operations, to develop a competitive advantage across the value chain, and to ensure that all corporate stakeholder expectations are recognized and met.

SAP for Retail is a solution portfolio that combines mySAP™ Business Suite solutions with a broad set of integrated retail applications to help companies profitably serve consumer demand across multiple channels.

Business Benefits
Increased sales with Customer Relation Management (CRM) and Business Warehouse (BW).

Increased profits with price optimization across the product life cycle, regular & promotional pricing.
Reduced goods cost with tighter supplier management.
Reduction in labor costs with human capital and workforce management.
Maximize product flow-through and inventory productivity by merchandise and assortment planning, forecasting, and replenishment solutions.
Automation of basic, repetitive tasks and highlighting only exceptions using action Workflow management tools.
Simplified operating processes and common standards using one integrated database while supporting the company wide adoption of standard best practices.
Lower total cost of ownership by providing best-of-breed business-process in adherence to retail industry standards (ARTS and VICS) and IT industry standards (XML).
Plan reconciliation and ensure improved merchandise offers for the customer.
   
The solution supports:
Category and merchandise management to foresee customer needs

Buying and vendor management
Cost management , price planning and optimization and price management
Supply chain planning, execution and monitoring
Store and channel management
Retail administrative activities like core retail operations, human resource, financials, real estate and master data management

Conclusion
Customers are now become more discerning – and demanding than they are today. SAP retail solution will maximize enterprise-wide scalability and help you to maintain high ROI in the highly competitive retail market.
Copyright OBT Global 2007