TRIRIGA helps you:
- Manage store lifecycle from concept through operating life.
- Request work at any time from anywhere—and auto-enforce how your team responds
- Manage service level agreements (SLAs) to lower costs and improve customer satisfaction
- Increase return on investment (ROI) through predictive analytics
Retailers who own or operate stores in multiple locations know the importance of having a high-level single view of their portfolio. Because the overall success hinges upon the performance of every branch, it’s vital for retailers to have simple access to comprehensive data about each location. Some branches might attract great employees and loyal customers and produce outstanding sales numbers, while others may perform beneath expectations for reasons that could include an outdated store design, a deficit or surplus of inventory, insufficient or underperforming staff members, or a failure to anticipate or adapt to industry changes.
When analyzed and considered as part of the portfolio as a whole, these problems can represent an opportunity. Do you operate too many branches within the same region? Should those branches be remodeled, or perhaps closed? Should you reorganize or add staff?
These are types of questions and challenges IBM TRIRIGA® was made to handle. It’s an Integrated Workplace Management System (IWMS) that helps manage every facility and asset in your portfolio. The best retail IWMS software solution gives you the single view of all information and analysis you need to make the smartest data-driven decisions.
The Best Retail IWMS Software Solution: Faster Time-to-Market
Retail is no place for sunk-cost fallacies, and keeping a poorly-performing location open doesn’t do anyone any favors. But when you’re deciding whether to close a location or remodel, how do you make the call? If you have a great IWMS, you’ll be able to back your gut instinct with thorough and accurate data. You’ll know whether remodeling a location will bring it back from the dead, or if closing it would ultimately prove the better decision.
Every extra day it takes to open your store is measurable in lost potential revenue. Whether you’re remodeling or opening new locations, an IWMS can help you greatly reduce the time-to-market (TTM) by directing you toward ways to increase efficiency and reduce needless expenses. If you’re overseeing new construction, an IWMS helps you manage vendors and monitor every phase of construction. TRIRIGA incorporates Critical Path Method (CPM) scheduling, which lets you view active projects in real-time and make quick, effective changes to help keep projects on time and on budget.
The Best Retail IWMS Software Solution: Accurate Lease Accounting
If your portfolio includes multiple leased locations, or if your organization leases part of its real estate holdings, you’re likely aware that, due to recent new standards announced by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB), leases are now being capitalized for accounting purposes. Companies that are just now preparing for this shift may find the entire process anxiety-inducing. Fortunately, TRIRIGA has been incorporating the new requirements from their onset, which alleviates any uncertainty as to whether your properties will draw regulatory attention or accumulate penalties down the road.
The Best Retail IWMS Software Solution: Getting Started
eCIFM, a Gold-Accredited TRIRIGA deployer since the launch of IBM’s partner program and a certified value-added reseller, has implemented TRIRIGA for hundreds of organizations. The eCIFM team includes some of the world’s leading TRIRIGA experts and developers, many of whom used the system previously themselves. We’ve made TRIRIGA faster and easier to get up and running with tools like DataMigrator for data transfer automation and DataConsolidator to centralize it into a single source.
After listening to the needs and concerns of retailers, we’ve created a TRIRIGA software solution best suited for the industry’s specific needs. We’ll help you get the most use of your retail store assets and enhance the value of your Corporate Real Estate (CRE) portfolio. If your organization needs to decrease time-to-market and increase overall portfolio performance, there’s no time like the present. Let’s get started.