New whitepaper: “What if” costing mitigates retail risk

We all know that the world can be unpredictable. But retailers can’t let volatility and the unexpected stop them from bringing quality, high-demand products to their consumers. “We didn’t plan for that earthquake at our factory in Bangladesh” might be understandable, but it doesn’t put products on the shelf or consumer dollars in your register. The retail industry is constantly at risk due to factors outside its control – including global economics, labor issues, source factory issues, natural disasters and variations in resource prices –  but there are ways to mitigate that risk and plan for the unknown.

 

Most companies take one of three approaches to risk planning: A large number of retailers do nothing, a much smaller number of retailers does a little more (but isn’t tremendously effective) and the best retailers take a comprehensive, “what if” costing approach. A “what if” costing approach allows retailers to:

  • Make more informed strategic business decisions
  • Stay up-to-date with geopolitical and economic changes
  • Manage uncertainty

 

Retailers employing these strategies can manage more suppliers and improve margins while mitigating potential risk.

 

Find out how to be a part of that third group of retailers. Read more in our latest whitepaper: “Mitigating retail risk and uncertainty through what-if, any-market costing.”

Bamboo Rose

About Bamboo Rose

Bamboo Rose is the leading product innovation platform connecting the retail community to discover, develop and deliver products at consumer speed. Our company is made up of retail experts with decades of experience at some of the largest global retailers. Our collaborative B2B platform combines intelligent product lifecycle management (PLM), Sourcing, Global Trade Management (GTM). We help retailers and suppliers simplify the product creation and delivery process to bring great products to market faster, more efficiently and at higher margins. Bamboo Rose serves over 85 major retailers and 400 brands (including American Eagle, Family Dollar, Home Depot and more) and connects 35,000 suppliers and 150,000 user members.

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