JDA, whose competitors include the likes of SAP and Oracle, can make “a hell lot of a difference” in retail where overall margins are thin at 8-10 per cent, claims Chadha. He vouches that with “fresher-looking merchandise at the store and increased inventory turns, Shoppers Stop will be ideally positioned to generate more cash and incur lower interest costs for the business, as it seeks to achieve its long-term growth objectives using JDA technology”. We strongly believe that phase II of implementation will further integrate our planning and assortment efforts and lead to even lesser markdowns and better margins for the business.”ĭerek Sampson, regional vice-president, Asia-Pacific, JDA Software, is delighted to see Shoppers Stop extend its ties with his company. Points out Shrikhande: “Sales of specific product categories in smaller stores have gone up significantly.
Evidently, the improvement in inventory turns at Shoppers Stop led to higher sales.
A high ratio implies either strong sales or ineffective buying. A low turnover implies poor sales and, therefore, excess inventory.
Govind Shrikhande, customer care associate and managing director, Shoppers Stop, says after rolling out JDA’s solutions in phase I, he noticed a marked improvement in inventory turns, or the ratio of cost of goods sold and inventory.
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