Problems faced by Retailers
With the advance in technology, many retailers are facing mounting pressure to make their business model effective and efficient so that it can stand with the market of intense competition. Nowadays customers have become smarter because of the concept of digitalization, they have endless choices at their fingertips, they have a voice and they can post a review—and one in five consumers do, therefore, with the advancement in technology it is critical for businesses to gain insight into their customers’ needs in order to deliver experiences that build lasting relationships
Solution by Trident’s LS Retail
Trident is a global consulting firm that empowers organizations around the world to digitally transform and grow their businesses. Our expert consultants offer strategic consulting, implementation services, support, and managed services and pre-built software solutions that help our clients innovate and reinvigorate customer, employee, partner and supplier experiences and processes using Microsoft Dynamics 365, ERP, CRM, Business Intelligence and related Microsoft cloud solutions and with the help of them it provides Ls retail which can solve almost every problems of retailers. First, we should know what is Ls retail?
Trident Retail Solutions based on cloud, mobility, social media and analytics provide the means to keep shoppers loyal. Solutions deliver the flexibility needed to implement new business models; expand private labels; engage buyers online, and better manage transportation and delivery. Store management, inventory, merchandising, demand planning and all the back-office functions that you would expect to find at head office are available in LS Retail.
Ls Retail can assist your business with the following:
Economical and Efficient
Executing LS NAV you get the benefits of having one fully integrated retail platform, creating genuine savings on IT costs including software administration, moreover streamlining the way you manage IT by having a simplified solution that benefits your business:
- Lessen the time on data cleaning for various sources
- Lessen errors and inconsistency across your data
- Boost efficiencies in pricing and stock visibility
Expand business and retain customers
LS Nav can modify your sales plan and help your marketing strategies by building demand generation from unlike customers and supporting living customers through:
- Innovative upsell and cross-sell functionalities
- Customized loyalty programs improving the customer experience
- Sewn promotions for sales campaigns
- Automatic coupons, gift card, and promotional offers managements
Expand perimeters and guard living sales
LS Nav will assist you to get control and optimize operations through a number of modules, which will help you:
- Magnify staff functions and enhance customer assistance
- Lessen costs on inventory management
- Secure your business on loss and fraud
- Lessen the need for markdowns
- Manage vendor and supplier performance
- Multiply your profits and meet targets
Optimize your inventory and replenishment
By controlling your inventory in an optimal way, LS Nav can help you:
- Free up working capital
- Lower inventory levels by up to 35%
- Lessen workload through automation: Replenishment can be done automatically or manually
- Diminish markdowns
- Confront fewer stock-outs
- Quicker return on investment
Your consumers require fast register processing, LS Nav’s innovative Point of Sale (POS) system offers them a quick and error-free experience wit.
The POS terminals are simple to set up and maintain and support the use of both keyboard and touch screen equipment. You can immediately obtain your transactions and sales events directly through POS because of the real-time data replication system and process.
Conscious Design and Online Shopping
Make your customers your priority. Today your customers are online shoppers and demand an online app, you need to put them first.
Through LS Mobile and Ecommerce you can handle customers with tailored offers, customer loyalty programs, click incentives, and enticing product information through the omni-channel.