As a finance and business leader in the retail industry, you face unique challenges when it comes to managing the financial aspects of a complex system. As competition and consolidation pressures mount in the retail sector due to the sluggish economy and lack of consumer confidence, you need accurate real-time data at the store level that rolls up to the corporate level to better manage your business to profitability.
Floor & Décor, a leading specialty retailer, implemented Prophix’s CPM software to plan and manage store and inventory performance. With Prophix Floor & Decor was able to realize goals including:
- Accurate budgeting from a single data source
- Revised budgets based on performance
- Pinpointing top-performing materials by store
- Making data driven decisions