Expertise in Retail |
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Patni’s expertise in Retail Solutions spans all the business critical application areas of retailing. We have been servicing retail clients since 1994, and have over the years built a knowledge repository of industry best practices, and process frameworks to ensure cost savings and time-to-market benefits to our clients.
The retail practice has a focused CoE (Center of Excellence), which is driving innovation and solution development in the following areas: |
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| Supply Chain Execution |
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Collaborative Planning Forecasting and Replenishment (CPFR)– for consumer goods and retail companies. This solution framework is platform independent, and helps eliminate the risk of stock-outs and associated lost sales. Our Supply Chain Execution solution has been successfully deployed on the SAP platform, for a Fortune 100 Consumer Goods company, and has helped enable a 50% reduction in overall inventory levels, and improved service levels from 95% to 99.6%. |
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Inventory Disposal Management – for consumer goods and retail companies. This solution framework helps rationalize the SKU management process by enabling timely identification and disposal of slow-moving products. This solution has been successfully deployed on the SAP BW platform, for a Fortune 500 Consumer Goods company, and has helped reduce inventory carrying costs by over USD 3m on an annualized basis. |
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Procurement Process Optimization – for consumer goods, retail and hi-tech companies. The focal point of Supply Chain Execution, this solution framework facilitates re-engineering of current distributed, multi-system supply chain execution systems, into a consolidated system, which can be used across geographies, and is compliant with Rosettanet standards. This has been successfully deployed on the platform, for a Fortune 20 company , and has resulted in annualized savings of USD 15m, due to reduced transaction costs and associated reduction in complexities. |
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RFID Solutions- RFID provides benefits of reduced pilferage and superior Supply Chain Execution. Patni offers a range of RFID solutions, (link to RFID Overview section) spanning impact assessments, readiness assessments, ‘proof of concepts’, and full-fledged implementation, enabling RFID adoption with minimal disruptions. |
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| In addition to the above solutions within Supply Chain Execution, Patni’s retail practice, has over the past decade delivered a range of solutions to our clients. Some of these include: |
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Retek based merchandizing system - deployment and support for a leading retailer of upscale women’s apparel and accessories |
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Development and deployment of a Vendor management system for a leading footwear and accessories retailer |
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Application maintenance and support services for Order & inventory management applications, for a leading footwear marketer, resulting in 50% cost reduction and effective Supply Chain Execution. |
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B2B storefront development and application re-engineering services for Vanity Fair Corporation |
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Delivering a handheld sales force automation solution for a leading beverage company that enabled real-time stock taking and invoice printing and presentment (as opposed to 1-2 business days it took earlier) |
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Deploying, maintaining and enhancing an i2 Tradematrix based forecasting solution that reduced inventory and improved forecasting cycle time, for a leading global hi-tech manufacturer |
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Developing a web-based product catalog and order management system for a leading supplier of lighting products, which enabled real-time order placement and tracking |
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Developing an online B2B and B2C shop front, with real-time ERP interface and online payment mechanisms, for a leading distributor of merchandising products. |
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| Retail Product Insurance – for consumer electronics and durables retailers. This solution framework integrates with the POS system, and helps streamline the insurance claims approval process. This solution has been successfully deployed at a leading UK based high street retailer, and has helped reduce policy issue cycle time by >50%, and associated IT costs by 60+%. |
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