Retailers operate in many formats and channels: brick and mortar, online, catalogue based, boutique, and high volume. However, they all face the same revenue management challenge; Driving more sales at higher margins. The old adage of "right product, right time, and right price" has never been more difficult to realise in today's inter-connected markets.
How do we gain market share, upsell to existing customers, improve promotional campaigns and value perceptions, and drive profitable growth with so much margin pressure? Retailers must think omni-channel and take advantage of all available information to address today's "smart and social" shopper. Retailers must fully understand true cost and margins in light of all promotions and vendor rebate and support programs.
Flintfox understands the challenges associated with vendor trade and revenue management processes. Our experts know your industry. Flintfox can help your business drive collaboration with both suppliers and customers to achieve your revenue management goals.