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by Infor
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Published on: December 2008
Type of content: WHITE PAPER
Format:
Adobe Acrobat (.pdf)
Length: 12 pages
Price: FREE
Overview:
Labor budgeting and planning comprise the foundation of real-time retail agility. Budgeting exercises require deep commitment from multiple groups, making them critically important, but often cumbersome and error-prone. By implementing a fully integrated long-term planning solution, retail organizations empower themselves with the tools that allow for accurate and effective optimization of labor usage and costs.
Retail market leaders understand that weekly operational scheduling is only as good as the monetary constraints placed on it. Making the right decisions on how to constrain labor costs are crucial to proper customer coverage and conversion rates. Optimization of long-term labor supply processes accounts for labor costs and the desired labor pool makeup while integrating with operational scheduling. Adopting these principles enables leading retailers to reduce operational inefficiencies by:
- Reducing spreadsheet aggregation errors
- Embedding corporate goals in operational processes
- Increasing the accuracy of labor forecasts
- Increasing predictability
- Fostering a sense of shared purpose and buy-in
- Building an ideal workforce that optimally services customer demand
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