Montreal, QC (PRWEB) June 23, 2006
Leading industry analyst research predicts that “IT spending in retail will increase from $109 billion in 2003 to $136 billion in 2009. For wholesale, IT spending will increase from $67 billion to $76 billion.” (Gartner, 2005)
In response, software evaluation firm, Technology Evaluation Centers (TEC) (http://www.TechnologyEvaluation.Com/press) created its Retail Research Center (http://retail.technologyevaluation.com) and its Point of Sale Systems Evaluation Center (http://pos.technologyevaluation.com) to help companies with the challenging process of researching, evaluating, and selecting a point of sale (POS) software solution.
Caroline Lam, a retail analyst at Technology Evaluation Centers, (http://www.TechnologyEvaluation.Com/press) asserts that “as technology becomes crucial to retailers’ survival, POS solutions automate transactions which will allow them to concentrate on their customer to increase revenues and prevent loss.”
Before approaching vendors for a request for proposal (RFP), TEC suggests companies engage in an online comparison of the leading solutions under consideration, in order to save time, money, and staffing resources during the selection process.
Gartner points out that 70 percent of IT projects fail or fall short of expectations. Organizations are losing billions of dollars each year because they select the wrong hardware, middleware, and software, as a result of inadequate vendor information and evaluation processes. Such losses are increasingly apparent within price-sensitive small and medium enterprises, which require accurate IT information to be collected quickly and cost-effectively during software evaluation processes.
According to TEC, selections for POS, ERP, ECM, CRM, or SCM solutions may fail to accomplish what customers want, because customers did not begin their selection processes with a good understanding of their requirements. TEC believes that problems arise when customers do not prepare a proper request for information (RFI) to evaluate the pertinent responses from their short-listed vendors. However, TEC states that its sophisticated means for performing requirements analysis will ease customers' selection burdens.
About Technology Evaluation Centers Inc. (TEC)
Technology Evaluation Center (TEC) (http://www.TechnologyEvaluation.Com/press) is a leading online source for impartial technology and consulting evaluations. TEC has been aiding software selection since 1993 to reduce the cost, risk, and time associated with software selection. It has twenty-one online technology evaluation centers, ranging from POS, ERP, CRM, and SCM, to business intelligence, that contain thousands of detailed criteria on over 700 technology solutions. TEC receives over 2.5 million visitors per month to its sites, and millions of page views per month are generated by a global audience of senior c-level and VP executives, technology and functional managers, consultants, and IT professionals.
For more information, see the company's web site http://www.technologyevaluation.com/press.asp.
About the Point of Sale Evaluation Center
The Point of Sale Software (POS) Evaluation Center (http://pos.technologyevaluation.com) is a new online decision support system featuring research on some of the more well-known firms in Retail. The knowledge base consists of more than 1,000 criteria for analyzing project point of sale management solution firms.
The TEC POS Evaluation Center (http://pos.technologyevaluation.com) covers a broad range of features from inventory management, register management, price management, and transaction management capabilities. For more information, see the web site at http://pos.technologyevaluation.com.
TECHNOLOGY EVALUATION CENTERS (TEC),
740 St. Maurice, 4th floor,
(514) 954-3665 (ext. 254)
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