Retailers across the globe are faced with challenges like increasing top-line sales, retention of customer loyalty, and maintaining consumer recall. All this in a market that has an excessive inflow of stock & merchandise. The presence of many large and small competitors has resulted in a loss of distinction in the retail segments and product categories, impacting the management and forecasting of the supply chain, inventory, and profits. In addition, the industry is defined by focused efforts towards global markets; integrating business processes worldwide; standardizing processes & safety compliances.
Algorithm IT Services’ Retail Technology practice provides industry-specific solutions for the retail industry including Retail Industry Solutions, Retail Point Solutions, Retail Loss Prevention, Business Intelligence, Retail Compliance Management and Retail Workforce Management.
The Algorithm IT Services Difference
To compete with the accelerated growth in the Retail and Consumer product industry, Algorithm IT Services has incubated methodologies by forming Strategic Alliance Partnerships with industry experts like Reflexes Inc who generate value for clients such as The Home Depot, Starbucks Enterprises, Standard Register Company, Food Lion and Hershey Chocolates, which enables Algorithm IT Services to keep up the pace with the industry standards. With world-class experience in technology implementation in the retail and consumer products industry.
With our strong industry knowledge and our customer-centric approach, we address critical business issues of retailers with in-store management solutions, back-office operations, and supply chain management solutions. Our strategic approach, global technology skills, quick delivery mechanism, quality compliance, collaborative approach, and ability to provide end-to-end solutions are our key strengths. We help our clientele – including some of the world’s leading retailers – maximize their profitability in a competitive retail environment.
Our global retail technology practice is helping large and medium businesses benefit from emerging new technologies such as Radio Frequency Identification (RFID), GTIN Compliance, and Loss Prevention. In addition, Algorithm IT Services can provide retail clients with enterprise-wide solutions like a best-practice store, Workforce Management solutions for improved productivity and implementations with real-time information, supplier relationship management (SRM), and sales and inventory management.
