This article sheds some light on the purpose, scope and best practices of store execution. The intended audience is merchandisers, retail operations professionals, area sales professionals, consumer packaged goods manufacturers as well as wholesalers. Definition, purpose and scope of store execution Definition Store execution is a set of practices and enabling technologies responsible for the … Continue reading Store Execution: Purpose, Scope and Best Practices
The need Most retailers implement some form of two-way communication between the stores and head office. Typically these communication channels look like this: 1. Head office needs to communicate some information to all/some stores, in all/some regions in one or more languages (particularly important in officially bilingual countries like Canada and in Europe where retailers … Continue reading Successfully Implement Communication Channels Between the Stores and Head-Office
Seasonal in-store merchandising is like the proverbial gift that keeps on giving. Programs like Halloween and Christmas may run for a few weeks only, but they have year-round benefits. Let’s look at a few. Seasonal in-store merchandising is a profits magnet Products selected for seasonal merchandising typically come with higher built-in margins. Seasonal merchandising leads … Continue reading Why Seasonal In-Store Merchandising Keeps on Giving
In-store execution is known to drive sales and cut costs. But for these and other known merits of execution, how do you actually achieve it? 1. Seek clarity Define and describe standards clearly and unequivocally. This point seems obvious but is often overlooked by overly succinct, sometime cryptic, copy used to define operational standards. The description … Continue reading Ten Ways to Improve Store Execution
Wikipedia defines Task Management as follows: "Task management is the process of managing a task (or task portfolio) through its life cycle, including planning, testing, tracking and reporting. Task management can help either individuals achieve goals, or groups of individuals collaborate and share knowledge for the accomplishment of collective goals." In layman's terms, task management allows … Continue reading What Is Retail Task Management?