Multichannel executives and managers now have the business intelligence solution they need to identify business issues that impact the performance of their Inventory and Merchandising departments – and take action quickly and effectively. Taurus Software and F. Curtis Barry & Company announce the completion and availability of the Inventory and Merchandising modules of Manage Metrix – a robust business performance management solution. REDWOOD CITY, CA, July 31, 2009 /24-7PressRelease/ — Multichannel executives and managers now have the business intelligence solution they need to identify business issues that impact the performance of their Inventory and Merchandising departments – and take action quickly and effectively. Taurus Software and F. Curtis Barry & Company announce the completion and availability of the Inventory and Merchandising modules of Manage Metrix – a robust business performance management solution. These modules allow companies to increase efficiency, decrease costs, and maximize profitability in an area that represents one of a company’s largest assets.
Manage Metrix: Inventory Module
Company leaders can have a difficult time improving that which they don’t measure. Through an executive dashboard of key performance indicators (kpis), Manage Metrix Inventory gives companies the ability to analyze inventory aging, inventory turns, fill rates, carrying costs, backorders, and GMROI (gross margin return on investment) in-detail. By measuring these metrics, companies can take actionable next steps such as reducing the number and cost of backorders and carrying the least amount of inventory possible while still satisfying demand. Manage Metrix provides a strategy for reducing inventory carrying costs and warehouse space reserved for excessive inventory by liquidating active items that are not selling – as well as old, inactive and unprofitable inventory. Executives and managers recognize when items can be returned to vendor, reducing money spent on unnecessary inventory. Industry best practices enable companies to monitor performance against goals and maximize efficiency over the long-term.
Manage Metrix: Merchandising Module
Picking winners, replacing under-performing items, and building the brand from the product mix perspective can be demanding challenges for any Merchandising department. Obstacles include not knowing what the true profitability of an item is, and difficulty understanding which products are demand winners and which are profitability winners. The Merchandising module analyzes each product’s net contribution to profit and enables executives to understand how item categories are contributing to profitability. Retail businesses can analyze performance by buyer, by channel, and by stores and regions. Executives and managers can identify their best products, determine pricing for a liquidation strategy for certain items, and understand optimal price ranges for their products.
Built by multichannel experts Taurus Software and F. Curtis Barry & Company, Manage Metrix Inventory and Manage Metrix Merchandising are two modules of the Manage Metrix business performance management solution. These modules are currently available for purchase. For more information, please contact Taurus Software: call 650.482.2022 x1 or email [email protected]
About Taurus Software
At Taurus Software, making data liquid means helping turn data into business intelligence, smart decisions, and competitive advantages – the lifeblood of your company. To learn more about Taurus Software solutions designed for various data platforms and applications, call 650-482-2022, ext. 1 or visit http://www.taurus.com.
F. Curtis Barry & Company is a consultancy specializing in multichannel operations and fulfillment for catalog, e-commerce, and retail businesses. To learn more about F. Curtis Barry & Company, visit our web site at http://www.fcbco.com.
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