Question: How can I streamline retail operations and make data-driven decisions to increase profitability?

Trax is an all-purpose cloud-based retail management system designed to optimize shopper experiences, track and analyze insights, and drive sales. Real-time data and analytics enable retailers to place products in the right locations and stock shelves accordingly. Other features include real-time in-store corrections, field optimization and dynamic merchandising, all designed to boost sales, improve shopper experiences and optimize operations.

For a more integrated retail planning system, RELEX offers a supply chain and retail planning platform powered by machine learning. The system lets retailers and consumer goods companies make autonomous and adaptive decisions about inventory, production and supply chain operations. With real-time visibility and collaboration, RELEX can help improve forecasting, lower costs and increase responsiveness to changes in the market.

Profitect is another example of machine learning-based prescriptive analytics. The system lets retailers and CPG companies boost profit margins by automatically analyzing vast amounts of data and delivering near-real-time insights. Features include inventory optimization, sales and exception-based reporting, and a mobile field app. Profitect customers have reported double-digit improvements in sales, margin and labor efficiency.

For a more digital retail operations system, Technologies for Positive Commerce by VusionGroup turns physical stores into hybrid, data-driven operations. The system improves commerce experiences by digitalizing physical stores, managing inventory in real time and optimizing store operations. It can improve store efficiency, increase inventory turnover and improve shopper experiences, making it a good option for retailers looking to digitize their operations.