Introduction The success of eCommerce world leaders, such as Amazon, is due not only to low prices, high quality and convenience of service, but also depends on a special ingredient: Artificial Intelligence (AI). With these techniques, for example, the history
A Retail Management Software covers the Front and Back Store areas (Point of Sale and Warehouse management, statistics and more) in stores independent or part of a chain. It can be integrated with accounting software, ERP, eCommerce, CRM, BI …
In October 23rd 2015 at MilanoCity Fairgrounds, during the tenth “Assintel Report” presentation, 3 excellences of Italian ICT has been awarded. aKite won in the category “Opening new markets abroad” for “having radically redesigned his software for Retail stores on
The merchandise is often the biggest investment for a Retail business and, on the other hand, the assortment width and depth, plus the absence of stock-outs are fundamental factors in service quality perceived by the customer. The classic approach for
GMROII (Gross Margin Return on Inventory Investment), the ratio between Margin and Average Stock Value is one of the most important KPI (Key Performance Indicator) in Retail because it condenses two different and essential sides: Margin and Inventory turns (see
It is common sense that Margin and Inventory Turns are Key Performance Indicators for a Retail business. But what are they exactly and what is the relationship between them? Is there some less known but even more important KPI? Does