Retail

The eProcurement technology has enabled retailers to reduce distances, integrate and connect value chains and provide a vast amount of information for use. Retailers are moving towards technology enhancements and are increasing their focus on Web-based technologies, especially those aimed at improving their supply chain management and their relationships with partners and suppliers.

The retail segment is constantly challenged with diverse market needs. To combat this they need to formulate their strategies constantly. The aim here is to reduce costs and achieve business process integration, while at the same time confront increasing competition.

By adopting eProcurement, the tangible benefits retailers see are:

• Automation of procurement processes resulting in improved productivity, cycle-times, administrative costs and better visibility.
  Reduced procurement costs through strategic sourcing, streamlining of suppliers and negotiation leverage.

Why 01markets…

The retail industry is quickly learning the value of developing strategic relationships with vendor partners to improve supply chain efficiency and procurement costs.

We offer a complete range of eProcurement services that are focused on the unique needs of the retail industry.

Sourcing Events is one of our services that functions based on a dynamic, integrated technology called EasySource Dynamic Pricing Engine. By rendering this service we optimize the procurement process with:

• Decreased cost and time of procurements for retailers
  
• Increased transaction visibility for retailers
  
• Reduced paper processing
  
• Improved customer support provided by suppliers

The EasySource Dynamic Pricing Engine provides the following benefits as well. Our solution is a robust, comprehensive point of sale, which allows users' absolute control of all inventory & sales and maximizes security, while presenting the customer with a quick, efficient & professional procurement experience. This solution also provides you with the following.

• Reliable network for your demanding retail business
  
• Control over your inventory
  
• Accounting time slashed up to 80%
  
• Better multi-store management

Indian markets have started expanding further into their horizons. This has turned out to be a vital point in the supply chain, which has led to the rapid growth of retail market in India. India Sourcing is one of the integrated services we render to help retailers take advantage of the growing market in India.

Our solutions give retailers the visibility and control they need to manage their procurement costs and shorten their procurement process throughout the entire procurement cycle. We have been proven effective and scalable with our strong domain knowledge in the retail space.

With our EasySource Procurement Intranet solution, retailers can optimize procurement costs and also take advantage of this solution for the following reasons:

• We provide customized supplier catalogues with pre-defined ranges of goods, services and related prices are made available.
• Transactions that have already been processed can be analyzed quickly and clearly.

The EasySource Supplier Extranet solution delivers collaborative planning & scheduling, vendor management and inventory management. We integrate this solution with your existing system along with the partners systems.

The main advantage of eProcurement is cost management and optimization. We help you achieve the same with our EasySource Cost Modeling and Analysis Solution. This solution helps controlling total costs and also changes the cost structure to fit into the current business.

By consulting with us, you can obtain a rapid analysis of transactional data to develop more accurate procurement strategies as well more efficient inventory control. Supplier relationship management is also one of the areas we consult in. We optimize your process and integrate it with your existing system and infrastructure, through our Process Consulting. The retail industry is dynamic in terms of its strategy planning to stay on top in the distribution field. We help you reach the top with our Strategic Sourcing. Other benefits include:

• Expert planning and installation for multi-location businesses
  
• Easy to use environment
  
• Flexible, customizable software that adapts to your business rules
  
• Automated ordering and receiving