Forecast Collaboration
Coupa by LLamasoft offers a cutting-edge solution for retail businesses to match supply with demand through forecast collaboration. By building strategic relationships with critical suppliers, businesses can optimize planning by engaging in real-time collaboration on forecasts and demand plans. This proactive approach enables companies to get ahead of demand and ensure that suppliers are prepared to ship products when needed.
Procure-to-Pay
Retail companies can capture spend for stores and regions effectively with Coupa's Procure-to-Pay solution. This tool supports stores with guided buying workflows, allowing for better management of spending across departments and regions. Simplified approval chains, digital invoicing, and streamlined payment processes drive efficiencies, resulting in cost savings and improved financial control.
Services Procurement
During peak seasons, managing the contingent workforce efficiently is crucial for retail businesses. Coupa's Services Procurement solution enables companies to better manage temporary staff by filtering resumes, providing background checks, managing timesheets, and preventing projects from going over budget. With real-time data and reporting dashboards, businesses can monitor project performance and ensure optimal resource utilization.
Supply Chain Design & Planning
To unlock agility and profitability within the supply chain, Coupa offers a comprehensive Supply Chain Design & Planning solution. Retailers can adapt to changes with data-driven decisions that consider the right balance of inventory, costs, service, and risk. This tool not only improves ESG (Environmental, Social, and Governance) performance through emission analysis but also provides personalized recommendations for enhancing supply chain efficiency.
Inventory Management
Optimizing spend with better visibility is crucial for retail businesses, and Coupa's Inventory Management solution addresses this challenge effectively. By eliminating wasteful overbuying and unnecessary spend, companies can enhance cost efficiency. Real-time visibility into inventory availability and management allows businesses to make informed decisions, reduce inventory carrying costs, and ultimately improve profitability.