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IT services and solutions for retail and hospitality

What is a WSSI

what is a WSSI
  • 25 Sep

What is a WSSI

What is a WSSI? Breaking down retail terminology, this blog will explore the benefits of a WSSI: a standard merchandising reporting tool that plays a critical role in the day-to-day running of a retail business. WSSI stands for weekly sales, stock and intake data. As an application, it maximises sales by ensuring that stock levels are effectively controlled and optimised. A WSSI allows retailers to manage their inventory based on sales forecasting, actual sales made, and stock information. This helps the retailer determine how much stock is required and when, by generating what is known as Open to Buy. By measuring trading conditions and their impact on stock and sales, the WSSI can support accurate forecasting, and keep markdowns to a minimum. A standard WSSI will consist of sales, stock, purchase order data and more, and can be used in any order or combination that the user requires. Data is then divided into weeks, with each week displayed as a row or column of data. What to look for in a WSSI? For omnichannel retailers, it’s essential to use a WSSI that allows planning and trading at any level of your product hierarchy. It’s also beneficial if each level can operate independently of one another, with the ability to “roll up” lower levels of the hierarchy to see bigger picture. Easy analysis Whilst dealing with very complex information, one of the best attributes of any WSSI is powerful, rich functionality, with a simple, easy user interface. Ensure that “dimensions” can be dragged and dropped in any number or sequence, into and out of the display. Any system used should have a fully integrated export to Microsoft Excel – a “must have” for merchandisers.  This formats the data accordingly, and shows all the row labels and column headings automatically. Sales should further be automatically downloaded, and all plans updated without any need for IT intervention or user action. Can you also plan by different criteria? Planning by Seasonality, by Channel, or Key Lines, are all benefits of an effective WSSI. User adoption With any new system, it should be flexible and intuitive enough to accommodate varying data displays, whilst also being simple enough to adopt, administer, and implement. Offering a customisable view, once a user has defined a way of viewing the data, the same view can be adopted by other users. Users should have the ability to create as many WSSI templates as required, which can be for specific attributes, or different countries, for example. Powerful decision making Powered by Decision Systems, their industry leading Merchandise Planner tool includes Retail Value (Incl & Excl VAT), Cost, Units, Margin Value and Margin % for every data element, (e.g. sales, stock etc.), without the need to specify the necessary calculation or have separate data elements for each. Together with the ability to include Channel and Store plans as well as a traditional Product WSSI, this gives a more accurate, complete picture of performance from which better business decisions can be made for…
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IT Support
  • 18 Sep

The Evolution of IT Support

IT Support: from early beginnings to critical importance Through the decades the notion of IT support has changed radically. From the well-known and much parodied ‘try turning it off and on again’ cliché of years gone by to the troubleshooting systems and proactive support we see in use today, the industry has altered greatly. 1980s Following Microsoft being founded in 1975, the 1980s saw computers and the technology that powered them reaching the masses. No longer reserved for the domain of scientists and high-tech businesses, desktop computers began to seep into the fabric of society. With this move came the need for IT technicians to support them. The problems they were called on to solve centred around keeping computers connected to mainframes and installation. 1990s With computers becoming standard technology in offices across the country during the 1990s, internet connections soon followed within the same decade. This rapid adoption, which saw individuals as well as companies relying for the first time on machines and methods of working that were entirely new to them, meant that the need for IT support expanded too. Where a business may have made do with a single member of staff handling technical issues, they suddenly found themselves overwhelmed.  As a result, outsourcing IT support was introduced, and people found themselves describing IT problems over the phone. Email and live chat became a way of communicating problems that started to become more common as the internet continued to increase in popularity with the dotcom bubble. 2000s As computers embedded themselves firmly in day-to-day life, so the nature of IT support changed in the 2000s. With reduced barriers to entry, new technology companies were formed, cloud storage became widespread, and apps entered the marketplace for the first time. Once again, demand for IT support staff expanded, as the ease in which small companies and individuals could launch websites, apps and other digital facilities continued to grow. During this period, remote desktop support became more prominent. This allowed IT support teams to access computers remotely and perform diagnostics checks, making the process of eliminating problems smoother and quicker for the user. The Future With cloud migration becoming increasingly popular, the trend to outsource managed services is set to continue its growth. Managed service providers bring the capability to streamline and devote attention directly to a business; a departure from the way in which IT support has operated in the past. Whilst problems were previously fixed as and when they occurred with billing for the work done, now proactive support is available as a fixed-cost model with shared services to benefit from. Under a subscription model, work is undertaken on a proactive basis with a contractual agreement looking to provide a constructive and forward-thinking attitude to IT support. A demand for 24×7 IT support will continue to be of critical importance as businesses operate online, with customers accessing their services in different time zones across the world, and expecting excellent customer service around the clock.  Increasingly high standards with…
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IT outsourcing in retail
  • 11 Sep

Why outsource IT in retail?

Reasons to outsource IT in retail The most popular reasons to consider IT Outsourcing? As discussed in the IT Outsourcing Study Europe 15/16, cost reduction is the most important driver for organisations planning to increase the level of IT Outsourcing within their organisation (64%), followed by focus on core business (57%), improvement of service quality (47%) and access to resources (45%). In retail, the benefits are much more focussed on the retailers’ day to day operations, and future strategy. Empowering the CIO role beyond day-to-day IT Retail IT Directors and CIOs are retail’s most indispensable multi-taskers; required to focus on their consumers’ wants and needs, their organisation’s core competencies, and most importantly – which innovations must be implemented to keep customers coming back for more. When retailers measure the tactical benefits of using an outsourced IT partner, they should not ignore the value that comes from being able to release the CIO to focus on strategic business growth. For an IT Director, outsourcing not only relieves them of non-essential duties, but also provides time to focus on critical technology developments which might otherwise have been neglected. It releases him or her from the daily management of services to managing a few key individuals within an IT Outsourcing partnership. CIOs and IT Directors should look upon this as the chance to improve their credibility as a business enabler and adopt a new field of vision. When Retail Assist transitioned Coast, Oasis, Karen Millen and Warehouse’s IT department to allow its IT Director to focus on business growth strategy, outsourcing was achieved with no job losses, and saved 30% of their IT costs. You can download the case study here. Making IT more efficient to fulfil growing consumer demand Today’s omnichannel supply chain retailing operations – buying and merchandising, product information management, allocation and replenishment,  fulfilment and delivery – are more important than they have ever been. Consumers today are accustomed to buying anywhere, anytime, anyplace, expecting to view where items are in stock, expecting faultless and consistent delivery, and setting the bar higher with each experience. IT processes are the engine that powers these mechanics. So, as more is asked of retailers, naturally they should expect more of their IT department. But is the in-house team fit for purpose, and is the resource scalable with business growth? Many retailers outsource to manage key functions such as a Help Desk for store-based and office-based staff, a Data Centre environment where hardware and systems are hosted by a third-party, the development of new technology, and project management of new IT infrastructures and systems. If the outsourced provider is well-selected, expert understanding and hands-on experience of retail can also be provided. So, why dedicate costly in-house resources to these areas when an expert can offer a consistent service with focussed and skilled resources, scalable to flex and grow as required, and offering more cost-effectiveness by sharing the service across a number of retailers? Our customer Bidvest Logistics, has chosen selective IT Outsourcing to benefit…
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back to school 2017
  • 4 Sep

Back to School: lessons to learn for retailers

With the arrival of September and the cooler weather, it’s officially that time of year: back to school 2017. As a prime time for reflection and forward-planning as peak trading approaches, here are 5 back to school lessons retailers can learn from the last year. Your stores are a valuable asset, when used in the right way No more “death of the high street” as retailers continue to reap the benefits of Ship from Store strategy. If you’re not using the stock within your stores to fulfil orders from the website, or orders from other stores, you could be missing out on a huge number of sales. For example, just because your new season bestseller is out of stock online, it doesn’t mean that the order can’t be fulfilled from a store with surplus stock. In this way, there are benefits for the retailer and customer alike. Stores have taken on prime importance as “virtual distribution hubs” within retailers’ omnichannel strategy. One of our customers reported 20-30% increased web sales after implementing ship from store.                  Single view of stock in real time As a proviso for point 1, having a single view of stock is critical for successful omnichannel trading. An increased number of concessions, faster introduction of new products, and greater international presence has provided big successes for retailers in the past year. But consolidating all of this retail data, including a real-time view of the product, is a must have in order to provide the most seamless experience, wherever the customer is shopping. Getting price right is more important than ever Selling internationally can be hard, and in the wake of Brexit, all retailers experienced the effects of the devaluation of the pound. A year and a half later, we’re still feeling it. However, as ASOS’ Nick Robertson said, “Get your prices right, and the rest follows”. As retailers such as ASOS have shown by continuing to report growing profits, providing a price point that is competitive, whilst pleasing the customer, is achievable, by implementing techniques such as zonal pricing to adjust prices in different territories. You can find out more about the benefits of our price management solution on our dedicated webpage. Empower your store associates Thanks to big data and the smartphone boom, customers have more and more information at their fingertips, meaning they’ll be disappointed to find store associates who can’t provide them with the answers they need, and fast. “Is this available in my size/a different store/a different colour?” – we have all been there. Store associates need to be able to provide second-accurate information, as well as a result – can the customer have the item delivered from another store to their home, for example. Our multifunctional tablet inventory solution has replaced bulky, single-function HHTs to empower store associates to fulfil customer demand more easily. Watch the video to find out more. Your customers will continue to demand more As retailers buckle up for the run-up to peak trading, now is not the…
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UK IT Awards
  • 29 Aug

Finalists for BCS UK IT Industry Awards

We are proud to announce that we are Finalists for the BCS UK IT Industry Awards 2017, in the Organisational Excellence category of ‘Services Company of the Year’. Firstly, a big “well done” to our teams delivering exceptional Managed Services to major international retail and hospitality brands. We couldn’t have come this far without our award-winning team – also voted ‘Best Managed Service Desk’ last year by the Service Desk Institute. The BCS UK IT Industry Awards recognise and award organisations that have demonstrated excellence in their industry during the past 12 months. The awards seek to reward organisations who have contributed to the development and deployment of innovative IT systems that improve business operations or enhance public services. With tough competition, Retail Assist has made the prestigious UK IT Awards shortlist, alongside 9 other IT services and solutions providers. You can view the full shortlist here. Retail Assist provides IT services and solutions to retail and hospitality operators, 24 x 7, across 8500 global locations, and in 10 languages. You can find out more in our latest IT Managed Services video below, featuring our customers Vue cinemas and Mint Velvet. Next steps in the awards process include a Judging Day, where Retail Assist is invited to present its award entry to the panel. Winners will then be announced at an Awards ceremony in London on 15th November. You can follow the conversation on Twitter using #UKITAwards. Fingers crossed!…
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  • 21 Aug

Is visual search the future for fashion retail?

ASOS: tech pioneer Last week, ASOS launched visual search capabilities within its app. The move is a no-brainer for ASOS – 80% its UK web traffic comes from mobile devices. Currently available in the UK for iOS users, the app will be rolled out for Android, and internationally, in due course. Renowned for its investment in technology, ASOS is paving the way for a fashion-forward, customer centric way of searching for products. So, how does visual search work? The technology ASOS has developed matches items in photos with products directly from the ASOS catalogue. As the picture below shows, when uploading a photo to the app, it then displays instantly shoppable search results of visually similar, or complementary products. Their Head of Product & UX explains, “if you’re not quite sure what you want, or you’ve seen something that’s inspired you, visual search is designed to kick-start that discovery… It’s about getting as close as possible to giving you something that is visually similar.” Who are you wearing? The capability taps into ASOS target market – the tech savvy millennial – with absolute precision. The technology powers the social trend of “social media stalking”, be it strangers, celebrities, or influencers, by enabling the user to “get their look” without difficulty. It’s also instantaneous, removing the pain of scrolling through pages and pages of products. The most impressive feature is the tool’s ability to search the sheer amount of inventory held by ASOS. Given that it adds about 5,000 products every week, it certainly comes as a relief for the customer. Fashion inspiration can strike at any time – a stranger’s outfit on a bus, a post on Instagram, an advert on a Tube – and ASOS has recognised this. “Now, with just a couple of taps of their mobile device, ASOS customers can capture that fleeting moment and instantly search our 85,000 product lines to find the item that’s inspired them – or similar – at just the right time.” explains Andy Berks, digital product director at ASOS. It’s fast fashion in a nutshell. Voice vs visual There have been many articles predicting voice search as the next big thing for retail.  However, as commented before in our blog, we haven’t been convinced that voice search fits the bill for fashion retail. The ability to instantly order groceries or household basics is the most obvious use for voice-enabled retail. But in fashion retail, there is enjoyment to be had in browsing choices. Would you really ask your Amazon Alexa to order a black dress for an upcoming party in the same way you would a pint of milk? Of course, ASOS’ target market wouldn’t. That’s why visual search has paved a new way for using the technology as a simplifier for ordering in fashion retail. Less steps from the initial inspiration to completing the purchase is a win-win for the retailer and customer alike. For more retail technology insights, download our new whitepaper – What is Omnichannel Retailing? – available…
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  • 14 Aug

Video: Price Management

We’re excited to share with you our latest video in the Merret series, featuring our price management solution. Advanced pricing functionality has already enabled one of our customers to increase their weekly global sales by £400,000. Find out how in the video below: As ASOS’ Nick  Robertson notably said, “get your prices right and the rest follows” – this statement came after rolling out zonal pricing to improve the brand’s international performance. Zonal Pricing Global retailing often results in the requirement to introduce different pricing in different territories. Our solution manages advanced pricing across the globe in the following ways: Timed promotions When operating a promotion across different time zones, such as Black Friday, it can throw up operational challenges. How can Black Friday “begin” at the same time in all countries? Merret’s global infrastructure can set up time zones to trigger promotional offers in the correct timeslot. As shown in the video, a Black Friday 16:00pm start in the UK will be offset to ensure the US also experiences a 16:00pm start. Exchange and Price Point tables Retailers might not always want to use exchange rates to calculate international prices, due to their volatility. Merret has therefore been developed to operate with static international prices in a ‘Price Point’ table, which could mean that £50 always equates to €60 or $70, regardless of any fluctuations in exchange rate. The retailer can manually set price points. Over 20 leading global retail brands are benefiting from our award-winning solution, which is responsible for managing advanced pricing strategies across the globe, in order to maximise profitability, and ensure a consistent customer experience no matter which country you’re shopping in. If you want to see how Merret’s pricing functionality supports omnichannel retailing, check out our dedicated video here.   For more retail technology insights, download our new whitepaper – What is Omnichannel Retailing? – available as a free PDF.  …
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  • 7 Aug

Latest Omnichannel Whitepaper

If you’re looking for the latest insights into omnichannel retailing, including trends, stats, innovative approaches, and best practice, download our latest whitepaper here: “what is omnichannel retailing?” In a free PDF, we’re providing information to retail decision-makers on all things omnichannel, including the following: As retail industry experts, our intimate knowledge of omnichannel is benefiting 20 retail brands using our supply chain solution, Merret. Read how Harvey Nichols and Morrisons are benefiting after recent upgrade projects. Real time stock availability and stock accuracy are some of the biggest benefits cited by our users. DOWNLOAD YOUR FREE PDF NOW In a feature-length download, we expand on the need for a single stock pool, why retailers should be using their stores to fulfil orders, and the benefits of omnichannel approaches to the product journey. Watch our omnichannel video below to find out more, or download the whitepaper here. Merret is Retail Assist’s omnichannel supply chain solution for your entire global estate of stores and warehouses, including zonal pricing modules for optimising international operations, and user defined replenishment rules to ensure stock can be automatically and dynamically moved for maximum sales performance. Furthermore, integrated click-and-collect ability and rule-based fulfilment, including the ability to Ship-from-Store where suitable, utilise your entire inventory for greater profitability.…
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  • 4 Aug

Whitepaper: What is omnichannel retailing?

We’re excited to launch our latest whitepaper: what is omnichannel retailing? DOWNLOAD NOW. From the processes involved to the technology that underpins it, this whitepaper provides expert insight into omnichannel solutions, and the benefits that an omnichannel strategy can offer to retailers today. With 86% of retailers unhappy with their current omnichannel offer, we identify 5 key cultural and operational changes required to confidently fulfil customer demand anytime, anywhere, anyplace. To read the full whitepaper, simply enter your details below to download the free PDF. Name Email Company Get the Whitepaper…
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  • 31 Jul

Why retailers must invest in tech

Despite headlines being dogged by Brexit woes, and consumer-confidence lows, the current underlying message begs more attention: businesses must invest in tech, or get left behind. Invest for the future Commenting to Retail Week, Sunday Times economics editor, David Smith, summed up the sentiment: “good companies invest when others don’t and seize the opportunity. If you wait until everything is right then it is probably too late.” The challenge for retailers is to invest in their products, people and systems, no matter what the external backdrop. And what better poster-child for technology investment news than Amazon? It’s been a busy week for Amazon UK, as they unveiled shiny new 600,000 sq ft headquarters in Shoreditch, which will house its research and development teams. As part of Amazon’s push to expand its UK workforce, the company plans to double its technology team in London from 450 to 900 by the end of 2017. Since 2010, Amazon has invested £6.4bn into research in the UK. In line with the “London is Open” message, this development completely nullifies the impact of Brexit on business’ ability to secure top tech talent in the UK. Innovating for the customer Whilst new Amazon staff in Shoreditch will be developing its Prime video service, in other areas, there have been big leaps in AI with Alexa innovation. If you have one of Amazon’s voice activated personal assistant devices, you’ll understand the frustrations of holding a “normal” conversation with Alexa: attempting to go beyond a weather update, or calling for the lights to be switched off, is currently asking for frustration. However, Amazon says that rapid progress is being made behind the scenes.   As well as updates to Amazon Echo’s skill set – 37 times more than Google’s – the Amazon Echo family recently introduced two new models. One has a built-in screen, the other – still in test mode – is designed with two cameras to make recommendations about what you should wear, based on the user modelling outfit choices in front of the device. Amazon’s UK boss, Dave Limp, commented to the BBC: “The ability to have a machine-learning algorithm distinguish through Style Check which outfit is better to wear at that particular moment, is just mind-boggling. It’s informed by human beings but the algorithms are coming along quite nicely – I’m very optimistic that this is a problem that can be completely solved by machine learning. “The thing I am sure of is that this time next year she will be significantly more intelligent than she is now, and that sometime in the future we will hit our goal of reinventing the Star Trek computer.” Another example in the fashion retail sphere is ASOS. It’s no coincidence that the pureplay etailer’s continued growing sales and profits come after launching more than 300 tech releases in the last quarter alone. What to take from this? Albeit tongue in cheek, Amazon’s goal to create a Star Trek supercomputer is pretty lofty. But, why not? Both Amazon…
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