Retail - Cost Optimization

Cost Optimization

Customers demand innovation, while competition spurs the race for aggressive pricing and regulatory requirements mean that greater security measures are necessary. All three of these factors share the same classic challenge: doing more with less. Costs must be cut without putting the business at risk. Successful retail businesses harness technology to balance greater offerings with reduced costs and margins to pull ahead of the pack.

How We Help

Prolifics has worked with many retailers on initiatives supporting cost optimization such as...

retail case study

Real-time Inventory

A high-end retailer that prides itself on its in-store experience was burdened by a manual stock replenishment process that led to inventory unavailability. Prolifics helped the company design and implement a fully integrated, mobile-based inventory replenishment system.

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Prolifics' Capabilities

Reducing Technology Costs >> 

Cloud technologies are lowering the barrier to entry for start-up competitors in every industry....

Cloud technologies are lowering the barrier to entry for start-up competitors in every industry, and retail is no different. But established retailers often wrestle with legacy systems that don’t support rapid innovation and are weighed down with expensive support models. To compete in today’s market, retailers must embrace nimble IT architectures with flexible cost and staffing models.

Prolifics can help you cut the fat in the most effective ways, such as process optimization or platform optimization with on-demand software- or platform-as-a-service cloud configurations. Shifting to cloud-based models can you help you dramatically reduce the cost of technology adoption. Let Prolifics take care of your technology needs while you focus on innovating your core retail experience.

Effective Sourcing of Resources >> 

When sourcing resources from around the world, businesses must ensure they are in compliance...

When sourcing resources from around the world, businesses must ensure they are in compliance with all of the regulations in play. Intelligent sourcing strategies powered by data let retailers navigate this increasingly complex world of emerging order fulfillment options, shifting cost margins, and compliance requirements.

Prolifics can assist with IT partnering and outsourcing services improving your organization’s ability to leverage data to inform resourcing decisions and process improvements. Our Smarter Process solutions help you handle the complex rules and workflows involved with global sourcing. We also offer cloud-based optimization services for your platforms and services, human resources solutions that to increase employee self-service and managed development resources that integrate needed skills into your development team with the flexibility to adjust skillsets on short notice.

Process and Operations Maturity >> 

With profit margins narrowing, businesses must explore new ways to optimize staffing and accelerate...

With profit margins narrowing, businesses must explore new ways to optimize staffing and accelerate response times to enhance customer experience while reducing costs. The right digital workplace strategy is the key.

Whether you are solving a tactical process issue or re-thinking an entire end-to-end process, Prolifics can help. We offer expertise, tools, and methodologies to help you take advantage of automation to improve business processes, marketing efforts, growth, and management of your employees, inventory, and time.

We can help with platform optimization through cloud, “what-if” analysis, predictive modeling, and managed services for long-term success and reduce the risks of business while maximizing the benefits. Overall processes can be re-engineered and automated with Business Process Management and Operational Decision Management technologies. Repetitive, manual tasks can be automated without changing the process itself through robotic process automation.

Optimized Asset Management >> 

A successful enterprise must make the most of its property and revenues. It needs to reduce expenses...

A successful enterprise must make the most of its property and revenues. It needs to reduce expenses, increase returns on property investments, and capitalize on the opportunities that a changing market offers. Your organization needs to track assets, pre-emptively detect problems with them, and use this information to cut maintenance and replacement costs. Tracking key metrics, both in relation to your business assets and your customers’ engagement with them, contributes information that powers better decisions.

Prolifics can help improve the management of your key assets through APIs and mobile and optimize your business rules and processes. We can help you leverage advanced analytics and IoT technologies to help improve your asset management, and build new tools like store management dashboards that track and act on the data.

Delivery Optimization >> 

A majority of customers cite delivery options as being a major factor in where and how they shop....

A majority of customers cite delivery options as being a major factor in where and how they shop. Orders must arrive quickly, while giving customers control and visibility into delivery methods and timelines—all while keeping delivery costs in check.

To thrive in a competitive marketplace, your business needs the right partner to guide you. Prolifics can help you optimize the delivery process through technology by assuring better data quality across your enterprise, re-engineering your processes with new advances in automation, and optimizing your business rules. Our solutions that enable competitive shipping costs, expanded delivery options, improved distribution chains, and cutting-edge product and service delivery techniques powered by drones and AI.

We work with your business to analyze processes to find opportunities for automation and ways to increase supply chain transparency. Leveraging APIs, real-time analytics, and mobile, we help you set the standard for delivery and put purchases in the hands of your satisfied customers quicker, easier, and cheaper than ever before, all while reducing the costs involved.

Technology Makes it Possible

Prolifics' expertise across multiple specialties enables us to create unique, comprehensive solutions to optimize costs. Technologies we typically leverage for Cost Optimization initiatives include: