Industry Solutions - Retail

Overview

Newcomp works with Retail clients to improve decision making regarding brand, products, sales & marketing and customers—in order to improve operational efficiency. Our extensive experience in the Retail sector will help you align people, process and technology with strategic goals to produce optimal results.

Challenges Faced by the Retail Industry Today

Store Performance

- Identify high & low performing divisions/stores/products/staff
- Optimize staffing levels
- Utilize scorecards to monitor key performance metrics—customer satisfaction, returns, sales trends.

Profit Margins

- Organize store operations around critical revenue and profitability targets
- Provide accurate & timely information—like sales & inventory levels—to operations, marketing and merchandising
- Identify trends & respond rapidly to increase customer satisfaction

Inventory Costs

- Through inventory analysis, optimize merchandise levels, minimize out- of-stocks, and manage costs
- Gain insight to controllable expenses across the supply chain—labour, inventory, COGS, supplies
- Evaluate supplier performance—on quality, delivery and price