Can integrated planning help an uncertain retail industry? 📊 Despite the challenges of predicting the future, rapid technological advancements present significant opportunities for retailers. Integrated planning emerges as a promising solution to common retail pain points. 💡Learn more about how integrated planning can benefit retailers in our blog: https://www.thoughtprovokingconsulting.co.uk/post/3-common-pain-points-in-retail-how-integration-can-help #Retail #IntegratedSolutions #RetailPlanning #RetailSolutions #Forecasting #InventoryPlanning #RetailTechnology #FutureRetail #DigitalRetailing #DataScience #DigitalTransformation #PredictiveModeling

1. Let's explore the three most common pain
points in retail and how integration can help
solve them.
Amid economic uncertainties, retailers can
strategically leverage technological advancements
to grow and thrive. The key lies in transforming
ways of working to capitalise on the opportunities
presented by rapid technological development. In
this context, integration can help address common
pain points in the evolving retail landscape.
3 Common Pain Points in Retail:
How Integration Can Help

2. Assortment: Crafting a cohesive shopping
experience is essential to converting customers. Ac-
curate demand forecasting and strategic assortment
planning are key to achieving this. Retailers face
challenges from buying teams and planners, making
the right depth and breadth crucial. Integration can
help retailers by providing data-driven insights into
customer preferences and buying patterns, enabling
them to create more effective assortments.
Inventory: Balancing stock levels is crucial, as
it impacts costs and markdowns. Proactive deci-
sion-making is essential, but manual processes pose
risks. Integration can help retailers by providing re-
al-time visibility into inventory levels, allowing them
to optimise stock levels, reduce waste and reduce
human error.
3 Common Pain Points in Retail:

3. Integrated planning can address these
challenges by offering visibility, connected
scenario planning, predictive analytics, and data
science for accurate forecasting.
Pricing Challenges: In a competitive and
promotion-heavy retail landscape, pricing faces infla-
tion pressure. Manual processes are slow for granular
analysis, and managing pricing messaging across de-
partments is complex.
3 Common Pain Points in Retail:

4. Integrated systems offer increased visibility,
connected scenario planning, and data-driven
analytics, enabling retailers to thrive in the
rapidly evolving retail landscape. Discover how
we can help by reading our insights.
By implementing integrated planning, retailers can
transform their businesses, transitioning from analogue
to digital models and providing a competitive
advantage with faster decision-making.
Transforming Retail
with Integrated Planning