'What We Can't Measure, We Can't Understand': Challenges ...
Escape from Excel - Retail Can't Survive and Thrive on Spreadsheets
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Surprisingly, more than 70% of retail companies use Excel as their principal tool for planning, demand forecasting and optimization. Many of these companies are in “Spreadsheet Hell”, a continuing state of inefficiency and disruption related to using Excel for cross channel merchandise and assortment management. Dozens, and even sometimes, hundreds of spreadsheets are used throughout an organization and its extended enterprise with incorrect or inconsistent formulas, inaccurate numbers, no central repository of information, and no version control. This leads to major inefficiencies, frustration, and decisions made based on incomplete information. And even with this enormous amount of data everywhere – information on sales, inventory and profits – it is generally not available in an aggregated view to intelligently take action.
Transcript of Escape from Excel - Retail Can't Survive and Thrive on Spreadsheets
Sponsored by
Today’s PresenterToday’s Presenter
Jerry Inman
Chief Marketing Officer
7thonline
What You Will Learn TodayWhat You Will Learn Today
I. How to get off Excel
II. How to have more intelligent information at
your fingertips
III. How to get a Monday morning aggregated
sales/inventory/profit report
IV. Where does your organization fit on the
Merchandise Maturity Model
Industry Market DriversIndustry Market Drivers
Increase Revenue• Increase Sales
• Improve Margins
Improve Inventory Management• Increase Channel Visibility
• Earlier Demand Visibility
• Reduce Markdowns
• Reduce Out-of-Stocks
• Improve Inventory Turns
Reduce Operational Costs• Decrease Error Rates
• Improve Personnel Productivity
• Minimize Cost of IT
Radically Reduce Excel Spreadsheets
Consumer Centric RetailingConsumer Centric Retailing
Cross Channel Merchandise & Assortment Management
Merchandise Planning Maturity ModelMerchandise Planning Maturity Model
People, Policies, Technology Adoption
REACTIVE PROACTIVE ALIGNED GOVERNED
Think Locally,Act Locally.
Think Globally,Act Locally.
Think Globally,Act Collectively.
Think Globally, Act Globally.
HIGH
LOW
Risk
LOW
HIGH
Pro
cess
Impr
ovem
ent
Excel
Common Excel Template
Data Feed into Excel
Data Export to Common Repository
Point Solutions(Financial, Planning, Pricing, Purchasing, Inventory)
Business Intelligence & Analytics
Consumer Centric Cross Channel Merchandising
Merchandise Planning & Forecasting Integrated with ERP, PLM, POS, CRM
7thOnline Consumer Centric Retailing7thOnline Consumer Centric Retailing
Escapefrom Excel
Industry Acknowledges Market Leadership…Industry Acknowledges Market Leadership…
Enterprise Class Platform and Cloud InfrastructureEnterprise Class Platform and Cloud Infrastructure
• Standards Based• J2EE, Oracle, MS SQL Server,
browser based• Service Oriented Architecture (SOA)• Industrial strength security
• Scalable• Horizontal clustering• Service multi-threading• Database optimizations• Network compression
• Global• Multi - language• Multi - currency• Multi - division enabled• Global deployment
• Extensible• Web services• Integration services
• Cloud• Elastic scalability and resource
allocation• Dynamic provisioning• Fine-grained control of computing
resources• Enterprise class interoperability and
access• Security, privacy, integrity and SLA’s• Extreme- transaction-processing
(XTP) grade performance• Multitenant configuration,
customization and version control
The 7thOnline DifferenceThe 7thOnline Difference
Key Differentiators• Retail Industry DNA
• Only Solution Provider with Cross Channel Strategy
• Advanced Proprietary Algorithms
• Consumer Demand Centric Solution
• User-Driven Embedded Business Intelligence & Analytics (No IT Required for Reporting)
• Familiar “Excel-like” GUI
• Scalable, Enterprise Class & Cloud Infrastructure
• Fastest Time to Value – Rapid Implementation Approach
• Proven ROI
• Proven Track Record with Leading Retailers, eCommerce and Vendors in Apparel, Footwear & Accessories
