Designed to support a world of multi/omni-channel retailing it has been developed in conjunction with retailers for retailers.
It includes our Product Catalogue (MDM), fully integrated EPoS & Tablets, a new e-Commerce Platform, real-time stock management, Order Management & Routing, Stock Allocation and Replenishment, Sales & Stock Audit, Store Management, Simple Warehousing, Wholesaling, Invoice Matching and EDI Plus services.
It has been built using technologies of the mobile and internet era whilst taking advantage of AI techniques to exploit the increasing access to big data.
The best way to describe Profimetrics is that it is an ‘expert system’ for merchandising. Its main role is to act as a ‘Merchandiser’s Assistant’. It automatically alerts Merchandisers to products that are performing well or badly (not meeting plan) and makes recommendations (by location if necessary), on what to do to take advantage of opportunities or to arrest the decline. In doing so it optimises pricing, promotions & markdowns and stock distribution. Many say it is the first step to “Merchandising Artificial Intelligence”. It is probably one of the most exciting things we are doing.
Large scale Invoice Matching is a complex knot of internal and external procedures. It is possible to untie the tangle for good, and save time, effort and money.
Take a look at Didos. WHSmith did. For them, once difficult, labour-intensive tasks are now simply and effectively dealt with.
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Keep pace with changing customer expectations.
Shop floor sales teams need to be empowered to meet and exceed customer service expectations.
Aggressively exploit every sales opportunity.
This is probably one of the more advanced platforms for order routing and order fulfilment. It is a rule based system for driving very sophisticated and multiple methods of customer order fulfilment. It facilitates click & collect and store despatch. It has a real-time stock ledger, allows for stock segregation and reservation, order splitting, capturing returns and interfacing with carriers and couriers. One of its real strengths has been its ability to make store operations of these new services very easy, through a store manager’s workbench, delivered in store on tablets. It typically sits at a retailer between their EPoS, e-commerce, Warehousing & Merchandising Systems.
Profimetrics is itim's stock optimisation solution, designed to fundamentally change the way we work – to dramatically improve product availability whilst reducing stock.
At its heart is a powerful rules and analytics engine.
We have designed a very powerful system that optimises stock by managing each product throughout its life cycle, automatically moving it to the appropriate stock policy.
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Many people in the software industry are trying to blind retailers with Science. They are trying to pretend that clever algorithms and mathematical calculations on comparisons with publicly available market data can predict the right price for a product.
We do not believe that.
For us Price Optimisation is about helping Retailers implement and manage a ‘Price Strategy’, and be able to evaluate it, optimise it and react to competitors when they try and disrupt it.
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