Retail Optimiser’s Post

This article is worth a read.... I can't imagine the time, effort, loss of efficiency and also if Asda and the Walmart group will ever get back to the true accuracy of their stock. The manual updating of daily stock until reconciliation is done on tens of millions of stock items could be catastrophic for the Walmart buying teams. In effect this is being put down to a system upgrade, but it was only the system upgrade and implementation of a new Warehouse system that found the problem. Having a new warehouse system alongside the ERP never solved the issue...why? TOO MANY SILOS! That is why there is a trend towards using best of breed cloud applications to integrate into mission critical systems and a need to address DATA processes and WORKFLOWS in the supply chain so that these issues don't exist. Not just plug in a warehouse system and go, "that'll work" If Walmart's issue happened to a smaller company it would be bankrupt. Data utilisation and accuracy is key, especially with trends in AI and the need for a collaborative supply chain. Use of tools and platforms such as Scanmatix can offer a single source of truth and utilise data to define workflows, improve processes and most importantly break down silos by providing your mission critical warehouse and ERP systems the correct stock data so that everyone is singing off the same hymn sheet and your finance teams aren't spending weeks of manual manpower reconciling truth. The Register #stockcontrol #modernisation #digitaltrends #digitaltransformation #data #inventorymanagement #stockaccuracy #retail #wholesale #manufacturing Head over to Scanmatix and give us a follow and share to help others not make these headlines.

🚀 Tackling Supply Chain Challenges: How SAP BTP Transformed Harrods ✨ Discover how Rocket and Harrods tackled seasonal supply chain hurdles by transitioning from manual processes to real-time insights with #SAP BTP. This collaboration significantly boosted efficiency and refined luxury retail supply chain management operations. 💡 With SAP Business Technology Platform (BTP), Harrods gained advanced analytics and seamless integration, enhancing their supply chain management through real-time decision-making and streamlined processes. Want to learn more about how SAP BTP can benefit your supply chain? Read the full case study here! 👉 https://hubs.ly/Q02PhBB50 📈 Interested in exploring further? Check out our case studies on the UKISUG portal 👉 https://hubs.ly/Q02PhCyj0 #sapbtp #cloud #integration #automation #businesstechnologyplatform #btp #businessinnovation #Innovation #sapcommunity #supplychainmanagement #retail #supplychain

Many grocers are making the move to a #digitalERP to streamline their operations. While these types of transformations are never easy, there are steps that grocers can take to ensure a seamless transition. Check out our new article by Wes Lowe on how the right #S4HANARetail approach can help unlock real value across your supply chain. If you're at NRF, swing by the Rizing Booth #4631 to speak to our experts about starting your #S4HANA journey! : https://lnkd.in/gGUNp6eM #S4HANARetail #groceryretail #NRF2024 #retailtechnology #SAP

✨ Transforming Supply Chains: Rocket's SAP BTP Success Story at Harrods 🚀 ✍🏼 In our latest blog, discover how Rocket partnered with Harrods to overcome seasonal supply chain hurdles through SAP BTP implementation. From confronting manual processes to unlocking real-time insights, explore the journey of innovation and excellence that reshaped operations in #luxuryretail supply chain management. 💡Empowering businesses with seamless integration and advanced analytics, #SAP Business Technology Platform (SAP BTP) is a transformative force in digital transformation. Offering a unified approach for SAP systems, it redefines business processes and enables better decision-making with real-time insights across functions. Dive deeper into our success story and unlock the potential of SAP BTP for your digital supply chain! Read more 👉 https://hubs.ly/Q02LSwgz0 ☎️Contact us today to learn how our BTP implementation could help your business! 👉🏼 https://hubs.ly/Q02LSCSQ0 #sapbtp #cloud #integration #automation #businesstechnologyplatform #btp #businessinnovation #Innovation #sapcommunity #supplychainmanagement

Struggling with SAP...or any ERP? Competing priorities on what projects to start first? (Supply Chain vs. Financial vs. Data vs. Merchandising) Did you know RELEX is often brought in even before (and sometimes during) an ERP transformation by our customers and consulting partners? RELEX can provide positive cashflows in the same calendar year...and by year two RELEX can fund your entire transformation...including implementation, change management, and additional projects. Msg me if you'd like to learn more, happy to share case studies! Or check out our site where we post many of these results. www.RELEXSolutions.com under customers. #ERP #Retail #AI #SAP #SupplyChain #CPG

Basic Functions of #SAP Retail Pricing Every merchandise that is to be sold at the store needs a price. The basis of this price can differ depending on various situations; for example – when supplied via the DC, when supplied by the supplier directly etc. With Retail pricing, you analyze the possible ways to arrive at the suggested ‘retail’ price for a material for a particular store. To be able to sell materials, you must define retail prices for stores and other points of sale. In the cases where merchandise is subject to a logistics process with several steps, you also need to define the transfer prices that are charged by certain organizational units (such as distribution centers) to the organizational units receiving the merchandise. The sales price calculation function (retail pricing) allows you to maintain retail prices and DC transfer prices (together known as sales prices) efficiently for plants (stores and distribution centers) and other operational units.

𝗖𝗮𝗿𝗿𝗲𝗳𝗼𝘂𝗿: 𝗥𝗲𝗮𝗹𝗶𝘇𝗶𝗻𝗴 𝗔𝗜 𝗶𝗻 𝗿𝗲𝘁𝗮𝗶𝗹  erp.today Key Takeaways Carrefour is transforming into a digital retail company by leveraging SAP S/4HANA for enterprise resource planning, enabling better demand forecasting and supply chain optimization through AI and data analytics. The company significantly reduced food waste by 40% by 2022 compared to 2016, utilizing AI-driven insights to manage inventory effectively and align with sustainability goals. Carrefour's innovative approaches, like the BuyBye app and dynamic pricing algorithms, highlight the importance of data in enhancing customer experience and operational efficiency while expanding their retail media partnerships. https://lnkd.in/eqaDbnKd

Reflecting on Lidl's SAP introduction, there's a powerful lesson for a user-centric digital transformation: "Go Small, Think Big, Be Flexible." Opting for agile, user-friendly customization and prioritizing a design ethos centered around users, we can ensure that technology serves them, not the other way around. Incremental changes empower end-users to shape applications based on their needs, minimizing disruption and maximizing efficiency. We should shift the burden away from end-users and offer applications with minimal liability, allowing users to customize without incurring additional expenses. Flexibility is key to adapting to evolving needs, and users should have the freedom to exit if the solution or the service doesn't resonate with them, and without additional costs. While innovation is vital, let's embrace it cautiously. Revive old systems judiciously and consider new technologies gradually. Ensure they enhance user experiences and align with the evolving digital landscape. Beginning with critical applications and where 'the need' is there rather than 'the want'. In the quest for a successful digital transformation, let's prioritize solutions that are not just innovative but also empathetic to end-users' needs. What are your thoughts on creating user-friendly, flexible digital initiatives? #DigitalTransformation #AgileCustomization #UserCentricDesign #Innovation #GoSmallThinkBig #FlexibleSolutions

Certainly there's strong momentum with #ai content enrichment (descriptions/SEO), merchandising (recommendations & CX), and syndication (digital shelf) ... but I'm also curious to see how AI will help to significantly optimize/shrink digital media spend.

Waldo’s operates more than 800 grocery and clothing stores throughout Mexico. Waldo had Aggressive growth target of growing 70 stores per year.   Why Waldo chose Oracle Cloud :   - Oracle was the natural choice given the breadth of its portfolio and expertise in retail. - Oracle Cloud solutions helped to better align data and business processes.   Waldo leveraged :   - Oracle Retail Merchandising Cloud Service, Oracle Retail Allocation Cloud Service, Oracle Retail Invoice Matching Cloud Service, Oracle Retail Pricing Cloud Service, and Oracle Warehouse Management—part of Oracle Fusion Cloud Supply Chain & Manufacturing (SCM)   Outcomes Oracle Cloud Delivered :   - Waldo’s consolidated and rationalized more than 62 legacy applications and streamlined its distinct business processes across its grocery and clothing operations. - Delivering Consistent user experience - Eliminating the complexity of managing legal, regulatory, and corporate complexities of cross-border transactions #OCI #oraclecloud #oraclefusioncloud #oraclecloudinfrastructure Jeff Ramby https://lnkd.in/gzxt3SQm