Helping Retailers & Technology Companies Grow Their Business
54 North brings low cost, quick to deploy and highly scalable modular solutions to retail businesses. Optimise revenues. Increase profitability. Unlock customer acquisition. Grow customer retention.
Welcome To 54 North
54 North have over 30 years experience in helping build multi-million-dollar global retail technology leaders through providing industry-leading solutions designed to optimise retailers revenues and profitability while ensuring that customer acquisition and retention is at the centre of their priorities and decision-making processes.
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Optimise Revenues
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Increase Profitability
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Unlock Acquisition
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Grow Retention
Smart Solutions For Smarter Business
Our suite of modular solutions consist of a mix of analytics and application software, advanced AI/ML technology, and consulting services that enable retailers to follow and implement tried and tested strategies to succeed. Our solutions are designed to be implemented in phases, allowing you to select exactly what you need, when you need it. This strategic flexibility means you can enhance existing systems or processes without overhauling your infrastructure.
Low Cost. Quick To Deploy. Highly Scalable.
Enjoy the flexibility to start small, gradually scale, and grow at your pace. Pick and choose which module you need, and when. What's even better? All solutions have successful implementations.
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Price Management
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Promotions Management
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Markdowns Management
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Vendor Deals Management
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Stock Optimisation
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Demand Forecasting
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Demand Analytics
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Demand Profiling
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Customer Analytics
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Weather Profiling
Empowering Your Growth, Together
At 54 North, we’re more than consultants; we’re your strategic partners in growth. From the initial handshake to the realisation of your goals, we’re with you every step of the way, ensuring your journey towards success is smooth and sustainable.
FAQs
What is Price Management, Execution & Optimisation?
Most retailers use very simple pricing rules based on fixed gross margins. Until trading begins and sales come through, a retailer can never tell if the initial price they have is right. Learn how to get ahead of the curve to retain brand integrity and margin protection without destroying price perception.
What is Promotions Management, Execution & Optimisation?
Retailers have traditionally not been able to plan, forecast and measure strategic promotions, resulting in lost ROI on marketing and promotional investments. Learn how to proactively and strategically manage, execute and optimise promotions.
What is Markdown Management, Execution & Optimisation?
Most retailers have no idea what the right discount is for the right product, in the right channel, at the right time, that meet inventory and profit goals. Learn how to benefit from ROI at the first markdown by measuring ongoing effectiveness, adapting to trends and moving offers from one price step to another.
What is Vendor/Supplier Deals Management?
One of the biggest opportunities for profit improvement is optimising the negotiations with suppliers. Better buying requires optimised negotiations and hold credible information on the performance of suppliers. Learn how to improve the business relationship with each of your suppliers and get the best Trade Agreements, Cost Pricing and Financing for Events.
What is Stock Optimisation?
(Dynamic Allocation & Replenishment Profiles)
Retailers today need a more dynamic and reactive approach to managing stock that deals with the realities of modern multi-channel retailing. Changing consumer patterns and instantaneous trends are putting more and more pressure on inventory managers, whose natural reactions are to increase depth of stock holdings to deal with volatility. Learn how to tackle these modern retail challenges and set the strategic policies of stock supply, ensuring the best decisions and recommendations for each product.
What is Demand Forecasting?
(Basic Item, Promotional Uplift, Sell-Thru Forecasting)
Today’s consumer demands more than ever – flexible options, convenience, competitive prices, excellent service, and as always, the product they want when and where they want it. As a retail business, demanding more from core processes and technologies is essential to meeting customer expectations and growing sales, market share, and loyalty. Learn how you can transform your retail business and increase total top-line sales with better demand forecasting.
What is Demand Analytics?
(Price Elasticity, Clustering, Cannibalisation, Halo)
The successful digital transformation of your business is always demanding more – existing and new solutions alike must capitalise on analytics to translate massive amounts of data into an ever-clearer picture of consumer buying behaviour. It’s now paramount to use a mixture of predictive demand analytics, advanced statistical methods, artificial intelligence (AI) & machine learning (ML), mountains of sales data, and years of unmatched retail demand expertise to drive accuracy improvements. Learn how to grow profits through better demand analytics.
What is Demand Profiling?
(Seasonal, Size, Allocation, Price Zone Profiles)
Demand Profiling is an important strategic tool used in the predictive analytics domain of supply chain management and is the basis of inventory and logistics profiling. Learn how to reduce waste in your supply chain.
What is Customer Analytics & Personalisation?
Today’s retailers must use customer data to create personalised customer journeys to strengthen buyer relationships. Insights from this data allow retailers to tailor specific product lines and niches based on customer profiles and interests. Learn how to improve your advertising returns (ROAS) through better customer analytics and personalisation.
What is Weather-Driven Demand Profiling?
Weather affects product-level demand across geographies and throughout the year. Learn how to proactively manage weather volatility to significantly boost sales & profitability.
Ready To Transform Your Retail Strategy?
Unlock your business's full potential with 54 North's expert guidance. Book your free consultation today and take the first step towards unparalleled growth and innovation. Let's craft a bespoke solution that propels your business forward.
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Secure Your Competitive Edge With 54 North