Retailing is about margins. In today’s world improving margins means thinking smarter. As a dedicated retail software specialist we are constantly coming across smart new ways of thinking about retailing. And we want to share these ideas with you.
With 2000 customers world-wide, we know that every retailer faces their own challenges. So we’ll be sourcing compelling ideas that can assist you develop new ideas for driving your business forwards.
We’ll also keep you updated with how we and our partners can help you increase margins. And we’ll show how other retailers are using point of sale in smart and exciting ways.
And we’d love to hear your views on retailing at [info@triquestra.com]
Combating rising fuel prices with smart retail analytics
Rising fuel prices mean retailers are thinking about new ways to manage supply chain costs, writes Triquestra International’s Technical Director, Miles Bland.
One option for managing costs and reducing your carbon footprint in the current high fuel cost and sustainability-focussed environment is moving to a mixed carton shipping strategy.
This strategy relies on identifying the most economic carton size for freighting goods and to make this standardised carton the basis of restocking your stores.
The strategy requires a shift in thinking from sending out standard lots of each individual stock item to filling a carton with mixed lots of items that each store requires.
Identifying the contents of each carton will involve tweaking your retail analytics to provide your warehouse operation with the correct volumetric carton sizes they need.
The benefit of this approach is that it modifies the successful “just-in-time” strategy to the realities of today’s trading environment.
With higher fuel costs, managing inventory costs by resupplying items as they sell is becoming less attractive because the higher per-item shipping cost erodes margin.
Mixed carton shipping provides a way of still leveraging the economies of scale without having to carry the high inventory costs that moving to a bulk reordering strategy would entail.
If you have some thoughts on using retail analytics to make supply chains more efficient I’d love to hear from you at [miles.bland@triquestra.com]
Infinity RMS right on CUE!
Australian fashion retailer Cue, now celebrating its 40th year as a leader in fashion, has chosen Triquestra International’s Infinity as part of their next generation retail management system to take them into the future.
Infinity will be progressively deployed across the retailer’s 200 plus Cue and Veronika Maine stores throughout Australia and New Zealand from November. The solution features Infinity offering end-to-end point of sale, inventory, pricing and customer management tightly integrated into a powerful business intelligence and store communications system provided by Arena Retail.
Triquestra Group Sales and Marketing Manager, Marie Tamplin said that Cue were looking for the next generation in end-to-end retail systems; one that would offer their staff a more efficient work environment, and their management team the business intelligence to continue to lead the retail fashion market.
“Cue has been offering city chic for iconic people who value style for 40 years now. They have a high made in Australia content and deliver new styles in store every week that reflect the latest international fashion trends. Infinity integrated with Arena offers Cue a tailored solution to drive competitive advantage” Marie said