During tough economic times, decision making is critical to a retail business’ survival. Knowing their own strengths and weaknesses is the key to devising the right strategies. Two issues are investigated here: one related to merchandise efficiency and one related to process efficiency.

During tough economic times, decision making is critical to a retail business’ survival. Knowing their own strengths and weaknesses is the key to devising the right strategies. Two issues are investigated here: one related to merchandise efficiency and one related to process efficiency.

Closely monitoring changes to inventory is often harder than it looks, but it is one of the key components of retail financials. To certify the accuracy of financial reports, retail staff must calculate net income. There are two reasons measuring inventory value is complicated:

Closely monitoring changes to inventory is often harder than it looks, but it is one of the key components of retail financials. To certify the accuracy of financial reports, retail staff must calculate net income. There are two reasons measuring inventory value is complicated:

Though the global economy is slowly recovering, everyone remains cautious. Just like other businesses, retail is trying to both cut costs and improve efficiency. When the world had not come into recession and people were confident in the economy, retailers could afford a greater margin of error than they can now because when the outlook is not good, consumers tend to hold on to their money.

Though the global economy is slowly recovering, everyone remains cautious. Just like other businesses, retail is trying to both cut costs and improve efficiency. When the world had not come into recession and people were confident in the economy, retailers could afford a greater margin of error than they can now because when the outlook is not good, consumers tend to hold on to their money.

This new release provides connectivity to SAP and legacy applications.

In planning and budgeting, numbers do not always represent a complete or accurate picture. As a budget rolls up, small errors can snowball into major miscalculations, which ultimately have to be explained to senior managers or, even worse, investors.