Today, retailers across the globe are reaping the benefits of SAP for Retail, including:

• Increased sales – SAP for Retail provides an in-depth understanding of shopper needs – allowing you to offer the right targeted assortments and services, at the right price, to attract and retain loyal customers and anticipate their needs.
• Reduced cost of goods – With SAP solutions, you can tighten supplier management and reduce the cost of goods using a vendor scorecard, reporting, and a collaborative vendor portal solution. Increased visibility and control of supply chain processes – warehousing, transportation, and replenishment – ensure that each decision strikes the appropriate cost/service balance.
• Optimized labor costs – SAP for Retail can help ensure your labor costs are used to maximize the shopper experience and improve productivity across the company with human capital and workforce management solutions that provide centralized control of store personnel and store budgets.
• Increased margins and profitability – With price optimization solutions from SAP, you can fine-tune your pricing strategies by location/channel to offer the best margin return within a category and determine optimal promotion offers. You can also develop markdown strategies to minimize margin reduction while maximizing sell-through, increasing profitability.
• Better product delivery – SAP solutions that support merchandise and assortment planning, forecasting, and replenishment provide a common view of customer demand – ensuring that the right products are quickly and accurately planned, procured, allocated, replenished, and reordered to maximize product delivery and inventory productivity.
• Increased productivity and improved decision making – With SAP for Retail, you can deliver the information your associates need, when they need it – enabling them to be fast, nimble, and proactive. The underlying analytical tools, graphical reporting capabilities, and workflow management from SAP means that your entire company can make and execute smart decisions quickly.
• Simplified operating processes and common standards – SAP for Retail uses one integrated database, one set of common business processes, and one set of KPIs – ensuring your entire company works efficiently as one.
• Lower total cost of ownership – SAP for Retail solutions reduce total cost of ownership by providing best-of-breed business process support, along with adherence to retail industry standards (ARTS and VICS) and IT industry standards (XML).
• Increased Sarbanes-Oxley compliance – SAP solutions ensure that you will be able to integrate your financials seamlessly – even if your company has made numerous acquisitions or operates in different countries and across different channels. For U.S. companies, SAP solutions support compliance with Sarbanes-Oxley legislation.
• Improved efficiency of partner ecosystem – With SAP, you can collaboratively work with your partners to help improve efficiency and share information in real time to help reduce costs and increase speed-to-market of new products.