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We can forecast customer behaviour so that we are always keeping one step ahead of the game.
Hossein Parvin, Alliance Pharmacy
Product Information Management
For food retailers the ability to accurately record information about each purchase is key. Maintaining accurate stock records to replenish in-line with buying patterns, and to react quickly to seasonal or other peak demand situations, is what differentiates K3 solutions from the rest.
K3 believes that product information management is critical for a multi-channel food business and is our fundamental strength. The centralised product information repository feeds all operating channels across the estate and with information flowing and sharing within and between businesses delivers the future value chain.
The essentials of a product information management system are:
- Point–of–sale data
- Stock and out of stocks
- Sales/ order forecasts
- Promotions/ new product introductions
- Customer insight (CRM)
Product information management is one of the key elements that is essential within leading food retail systems.
Find out more about what comprises a K3 Food Retail solution.
