Retail and Distribution is a data driven industry. Data-whether it is Product, Pricing, Supplier, Customer or Transaction, is the most important technology asset of companies in this sector.
All organized retailing and distribution companies are increasingly using data to drive decision making. Both marketing and supply chain success depends on the speed with which a company responds to market challenges. Most marketing campaigns which include price promotions, discounts, coupons, special offers, advertisements and rewards programs are increasingly relying on data analysis, to make informed decisions. Precise data is the foundation for any supply chain program including strategic sourcing, spend analysis, commodity management, or inventory optimization.
Enventure has several years of expertise and experience in handling projects in industrial distribution (MRO), consumer retail and distribution markets.
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Another challenge the industry faces is to manage several years of historic data on each product and component that is critical to support customers throughout the product lifecycle and meet its legal and environmental regulations. Organizational changes during these years may result in data eroding to multiple systems, locations or even geographies in multiple formats.
