The COVID-19 pandemic dramatically reshaped the retail and consumer goods industry, driving an unprecedented surge in cloud consumption. With the urgent need to adapt to shifting consumer behaviors and demands, retailers turned to the cloud for scalable infrastructure, rapid development of digital services, and enhanced customer experiences. This shift didn’t just allow businesses to respond quickly during peak shopping periods. It also facilitated the integration of advanced analytics and AI for better decision-making. Post-pandemic, there has been a modest return to in-store shopping, but global e-commerce sales continue to gain momentum.
Moving forward, cloud will continue redefining how retailers operate, optimize supply chains, and engage with customers in a digital-first world. At Ternary, we’re more than ready for these changes, helping retail and consumer goods companies operate efficiently in the cloud.
Designed for multi-cloud support
At Ternary, we recognize that multi-cloud environments are the future, and our approach reflects that commitment. If you operate a retail or consumer goods company, you may use Google Cloud Platform (GCP) and/or Microsoft Azure to mitigate potential conflicts of interest with Amazon in the retail space. Many tools in the FinOps market are built primarily for Amazon Web Services (AWS). These tools treat support for GCP, Azure, and other clouds as an afterthought. Unlike those solutions, we’ve invested in robust support for GCP and Azure, in addition to our support for AWS.
What makes Ternary unique
The digital landscape of retail and consumer goods is rapidly evolving. Amid this development, an effective FinOps practice is essential for scaling operations while avoiding wasteful spending. With the right approach, you can maximize profitability and maintain a competitive edge.
- Ease of use
Ternary makes it easy for business and technical stakeholders to analyze cloud data, providing clear visualizations tailored to your needs. Whether you’re looking to understand usage trends or seasonal spikes, or make cloud spend more predictable, Ternary simplifies the process. Our platform allows you to fine-tune reports and dashboards for detailed cost analysis. We also make it easy for you to track and manage costs during peak periods.
2. Cost allocation
Ternary enables you to drive accountability for cloud spend by reassigning charges between business entities. It enables accurate chargeback, showback, and shared cost management. Our platform empowers you to allocate cloud costs across multiple clouds and business functions (e.g., marketing, logistics, fulfillment). That way, you can gain visibility into, and control over, your cloud expenses.
3. Unit economics
By tying cloud spend to metrics (like cost per digital order, product, or customer), retail and consumer goods companies can track and optimize costs more effectively. Ternary helps you relate the impact of your cloud investment to your business. We enable you to answer questions such as “How much merchandise do we need to sell to cover the cost of underutilized resources?”
4. Optimization across clouds
Ternary helps you eliminate waste and unlock cost savings across all leading cloud service providers (Azure, GCP, AWS). You can benefit from rightsizing resources to align with actual demand and prevent overprovisioning. Retail and consumer goods companies leverage Ternary to negotiate better enterprise terms. We can also inform their purchase of commitment-based discounts, lowering rates compared with on-demand spending.
5. Collaboration workflows
Ternary Case Management fosters communication about multi-cloud spend between teams (e.g., Finance and Engineering). When Ternary detects anomalous activity or identifies optimization opportunities, you can open a bidirectional Jira case directly from the platform. This streamlines collaboration, enabling the engineering team to investigate, take action, and log results efficiently.
Ready to learn more?
We hope you found this blog article helpful in demonstrating “why Ternary” for retail and consumer goods. Explore our website to learn more about the Ternary platform. If you want to see how Ternary can help you visualize and optimize your cloud spend, request a demo today.
