Modern Retail Meets Mission Critical

Trailblazers like Google, Salesforce, and Adyen have mastered the iterative development approach to product management, during which they first develop products simple enough to bring to market quickly but innovative enough to attract early adopters. After receiving valuable customer feedback, the developers change and improve, bringing forth a new version sure to stand out.

The “We Want It All” Dilemma

The excitement of having all the bells and whistles bombard engineering with an endless number of product feature requests, but loading products up with too many features causes them to be bloated and can significantly slow down the development process, prohibitively increase costs and potentially result in a product that doesn’t actually fulfill the needs of its intended customer. So herein lies the dilemma - now what’s the solution?

The “We Can Provide It All’ Solution

Developers should compartmentalize the product’s vision around three or four themes. For instance, in the case of PredictSpring Modern POS, innovation is focused around mobility, omnichannel, clienteling and consumer experience.

Themes may also depend on the use case. Depending on the vertical from apparel & footwear, health & beauty, home furnishing or telco, there will be changes in the feature set.  It’s ok to develop different manifestations of the same platform to meet the needs of different industries provided they use the same underlying building blocks, resulting in lower cost of software development which is passed on to the customer.

Product Roadmap & Prioritization

Here are the questions product managers should ask when defining the product roadmap:

  • What business problem are we trying to solve?
  • What is the business impact on key metrics?
  • What is the sequence in which things should be done?
  • What priority should we assign each phase?
  • Once these questions are fully vetted, the product team can work with engineering to plan out the product design and definition.

Interested in learning more? Read the full article and additional content from our founder and CEO Nitin Mangtani in his regularly featured articles on Forbes.

Modern POS - Tailor made for your vertical

Apparel & Footwear

When it comes to apparel and accessories, customers are no longer content with a standard shopping experience. But, with new technology, brands can completely transform their entire retail experience.

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Health & Beauty

The evolution of mobile technology means modern beauty brands can now harness the power of innovation and adopt retail solutions that meet and surpass consumer expectations.

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Home Furnishings

Brick and mortar is here to stay. Although consumers are using multiple channels to carry out product research, the physical store remains the first choice for finalizing home furnishing purchases.

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The PredictSpring modern POS offers Telcos retailers an opportunity to set a new standard in the fast moving, digital-first world.

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While wineries used to be built entirely around in-store tastings, it’s time for brands to step up the entire customer experience, both instore and online, with a forward-thinking retail solution.

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