All retailers understand that you need to have the right items in the right place at the right time in order to attract customers and make more sales. But did you know that according to industry research, 32% of customers do not buy a substitute if the item they were looking for is not on the shelf? That means that if you are stocking the wrong things you are losing sales.
Optimizing your inventory through SKU rationalization utilizing item stratification will help you set appropriate service levels and ensure customer satisfaction. This approach will also help you reduce out of stocks, protect margins, and reduce overstock. By optimizing your inventory, you can drive sales and free up cash for other investments.
Our experts can help you implement industry standard best practices for inventory optimization and ensure that your systems support these processes. Retailers have seen a significant financial impact from working with Avanade professionals to develop retailing best practices and implement technology to support them:
- Inventory turns improvements of 20-25%
- Service level improvements of 5-10%
- Inventory reduction of 15-30%
- Out of stock reductions of 3-5%
- Sales increases of 8-16%
Powerful Solutions, Low Total Cost of Ownership
Avanade Enterprise Retail Solutions are built on a foundation of Microsoft® technology, including Microsoft Dynamics AX, the ERP solution shown by Nucleus Research to have the lowest total cost of ownership and fastest ROI when compared to other leading ERP solutions. Download the Nucleus Research Report: The Real ROI of Microsoft Dynamics AX.
Because our solutions are based on Microsoft® technologies, which support open industry standards, they can save you time and money by integrating easily with systems and applications throughout your organization. You benefit from the familiar, intuitive interfaces of Microsoft®, which can speed adoption, reduce training requirements and rapidly enable employees to perform their jobs effectively and efficiently.
The Power of Three
Avanade was formed as a joint venture between Microsoft® and Accenture to bring together technological expertise and insights to help customers realize business success. The combined business acumen, technology expertise, global delivery resources, and a technology platform designed for integration and ease-of-use, enable us to reduce the risk of complex deployments and aid customers in realizing faster returns. Expertise combined with the ability to draw on the right development and delivery resources from onshore and offshore locations worldwide, enables us to accelerate the delivery of projects, optimize results, and help reduce the cost and risk associated with large-scale deployments.
“Working together, Accenture, Avanade and Microsoft deliver business solutions that enable companies to improve performance, increase strategic advantage, and create real business value. The great strength of this alliance comes from our unique combination of innovative technologies, deep expertise, and a proven track record of success.”
–Steve Ballmer, CEO, Microsoft