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Weis Markets, aims to cut costs, improve margins and boost its competitive advantage by upgrading Retalix’s HQ pricing and merchandising software with such new modules as the HQ Advanced Pricing Bundle, Vendor Web Access, Profit Analyzer, Category Analyzer and Bill Back Manager.
According to Bob Mawyer, VP of information technology at the 164-store grocery chain based in Sunbury, Pa., the new modules will bring further automation, analysis and intuitiveness to Weis’ pricing, merchandising and inventory management operations.
“We’ve been a Retalix HQ user since 2000 and we’ve watched the product’s evolution,” noted Mawyer. “Retalix has added new modules and increased functionality to the software, so we decided to leverage those capabilities with a major upgrade that replaces a number of internally developed and supported mainframe systems, as well as adding functionality we believe will give us a competitive advantage. Retalix HQ and the new modules will give us even more visibility and control over our pricing operations, data analysis and vendor promotional monies at both the store and headquarters levels.”
A centralized, rules-based pricing and inventory management solution, Retalix HQ helps grocers control costs, prices and authorized items, as well as standardizing a company’s pricing best-practice disciplines for consistent execution of its price strategy.
“Retalix HQ gives retailers like Weis Markets the ability to efficiently develop, execute, and analyze pricing plans and promotions,” said Bill Campbell, EVP of Dallas-based Retalix’s U.S. Retail Division. “As grocers seek to cut costs and improve efficiency in today’s economic environment, technology like our Retalix HQ software can provide increased visibility and control into day-to-day operations and ultimately increase profitability.”
The integrated solution suite also features Retalix Store for operational in-store functions such as direct store delivery (DSD) receiving, pricing, inventory and other store-level tasks. Retalix’s Category Analyzer module offers item/profit movement analysis, while the Bill Back Manager module captures earned promotional dollars from suppliers.
The HQ Advanced Pricing Bundle includes the Competitive Pricing module, which automates competitive pricing philosophies to enhance profits and market share. The bundle additionally features the Spread and Parity module, which creates business objective rules for fine-tuning the retail price of similar items.