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Retail Strategy: IT Investment (PowerPoint PPT)
PowerPoint (PPT) 21 Slides FlevyPro Document
DESCRIPTION
Organizations need to develop critical capabilities to stay ahead of the competition. A proven method to achieve this objective is to reinvest the savings achieved through IT Cost Management into building capabilities critical for the future. In order to decide the areas of IT investment, Retailers need to adopt a market-focused approach, where they need to distinguish the trends transpiring across industries that have the potential to deliver value for the business.
Retailers need to recognize key emerging trends that can deliver new value for their businesses. This presentation breaks down 5 key trends that are transforming the Retail industry. Three of these trends focus on the customer while the other 2 aim at perfecting the implementation capabilities.
These are the areas where market leaders in the Retail sector are concentrating on in terms of making targeted investments:
1. Business Intelligence
2. Next Generation In-store Technologies
3. Cross-channel Integration
4. Supplier Collaboration
5. Pricing/Markdown Optimization
The slide deck also includes some slide templates for you to use in your own business presentations.
This presentation delves into the 4 levers of IT Cost Management, providing actionable insights for Retail CIOs to drive significant savings. It emphasizes the importance of prioritizing cost reduction and improving IT capabilities amidst increasing competition and technological challenges. The framework is designed to help Retail leaders navigate the complexities of IT investments and optimize their budgets effectively.
The PPT also includes comprehensive templates for the 5 core areas of IT investment, making it a practical tool for strategic planning. These templates cover Business Intelligence, Next Generation In-store Technologies, Cross-channel Integration, Supplier Collaboration, and Pricing/Markdown Optimization. Retailers can leverage these templates to streamline their IT investment strategies and enhance their market position.
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Source: Best Practices in IT Strategy, Retail Industry, Retail Strategy PowerPoint Slides: Retail Strategy: IT Investment PowerPoint (PPT) Presentation, LearnPPT Consulting
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