Integrated Business Planning - Retail's Therapy
The retail industry is a difficult terrain to navigate. Following years of tough, frankly bleak conditions, at last the retail market is showing positive signs. But amidst changes to welfare and taxation and a slow and wobbly recovery from the Global Financial Crisis, the retail industry has certainly not felt the last of its pain.
Those retailers that wish to not just survive but flourish, must think carefully about how they can adapt their offering to suit the market not just now, but in five, 10, 15 years time. Integrated Business Planning, with its power to plan the business over a 24-36 month rolling horizon, is a retailers’ most potent weapon.
This white paper tackles the tough questions retail executives are asking: How to reduce inventory while offering a broader product range to customers; how to reduce store sizes whole encouraging in-store visits; and what impact these changes will have on demand plans, supply chain fulfilment, and ultimately financial goals.