Torex launches SaaS model for merchandise planning
New service adds another delivery option to help retailers achieve the benefits of the solution
Torex Retail Holdings Limited (Torex™), the leading global provider of innovative, integrated technology solutions to the extended retail marketplace, today launches a Software-as-a-Service (SaaS) subscription option for its Torex™ Merchandise Planning solution.
With years of experience helping retailers improve their merchandising planning, Torex has been able to incorporate its best-of-breed technology into this new SaaS offering.
Retailers who implement effective merchandise planning tools are able to improve availability of the right products by planning their intakes better so customers are not left disappointed. This means product ranges are tailored by store and channel with a stock holding that meets local demand, resulting in a more enjoyable and profitable shopping experience. Importantly, improved planning will also maximise full price sell through leaving less residual stock to mark down for clearance.
The Torex Merchandise Planning SaaS option allows retailers to benefit from the expertise of the trusted and experienced Torex Merchandise Planning team without the need for additional internal resource. It includes all the infrastructure, software, hardware, connectivity, managed services and professional services that a retailer requires to reap the benefits of merchandise planning. The solution is delivered by Torex through a highly resilient, robust and secure virtual hosting platform. Catering for those with a store based or multi-channel operation, the solution is particularly suited to retailers who wish to get up and running quickly and effectively but may have limited internal resources.
With the addition of this new implementation option, Torex can deliver a superior solution to the merchandise planning needs of any retailer, whether through a SaaS model or a traditional purchase approach. As a retailer's requirements change, the SaaS model can evolve and accommodate more advanced aspects of planning. The retailer also has the option to take the solution in-house if required at a later stage.
Philip Davies, Pre-Sales Director, Torex comments, "We're pleased to be able to extend our merchandise planning options with this new addition to ensure that more retailers can benefit from this important process. We know that it can sometimes be a difficult decision for a retailer to commit to a full-scale system. By adopting the SaaS model for Merchandise Planning, the reduced time-frame for deployment enables retailers to begin seeing the benefits much earlier, and gives them the opportunity to expand or alter the model whenever required."
With budgets shifting from capital expenditure to operational expense, the solution is available at a predictable monthly price to help retailers manage their expenditure in this area.