Featured Customer
Their [Retail Solutions] algorithm was outperforming ours. We tested theirs against ours and found that their system was detecting 5-8X more OOS conditions than we were getting from our algorithm.
- J.P. Brackman, P&G Global Retail Presence Manager
POS-Based Applications
On-Shelf Management
Retail Solutions On-Shelf Management is a new, proactive approach that mathematically determines and monitors for the “why” of stock-outs, prescribing specific methods to resolve/prevent their occurrence. With this level of understanding, Retail Solutions not only corrects replenishment models before any issue arise, but also drives interventions directly on the sales floor.
For the past 10 years, reducing out-of-stock (OOS) events has been a priority for CEOs of many CPG companies. Despite all the effort, OOS rates still hover around 8-10%. Both retailers and manufacturers know that resolving this issue is the single and most efficient way to boost sales and gross margin, but the industry still resorts to a reactive, out-dated method to identify and respond to out-of-stocks by tracking zero sales.
Retail Solutions On-Shelf Management solution uses proven, proprietary algorithms, developed through a two-year long analysis of large quantities of retail data, cross-referenced against Radio Frequency Identification (RFID) readings and audit reports, for three of the world’s top five CPG manufacturers. These algorithms provide CPG companies visibility into the root causes of OOS events in order to increase their in-store product availability. This solution is a breakthrough in industry efforts to reduce OOS events evidenced by the fact that most leading CPG companies are adopting it as their standard.
On-Shelf Availability role-based reports customized for all stakeholders: provides analysis, and identifies and monitors out-of-stock root causes to prevent lost sales
By reducing the impact of out-of-stock on sales, Retail Solutions On-Shelf Management solution brings equal benefits to retailers and manufacturers.
- Prevent OOS events before they happen – monitor for root causes of OOS and intervene to prevent the OOS from occurring/recurring
- Increase sales by improving on-shelf availability – results at CPG manufacturers have shown up to a 1% increase in sales through significant reductions in OOS rates
- Maximize the efficiency of store associates, merchandisers and brokers through prioritized interventions – ensure resources are properly allocated for results with maximum dollar impact
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Monitors and drives the correction of OOS root causes such as:
- Ghost/Phantom inventory
- Forecast error
- Insufficient safety stock
- Incorrect replenishment settings
- Distribution voids
- Product not traited
- Provides real-time actionable alerts – integrated with merchandiser handhelds and prioritized by the dollar-value of the intervention to improve in-store, on-shelf availability
- Provides comprehensive reporting features – provides all parties involved (retailers, manufacturers and merchandisers) the same level of awareness and ability to resolve potential OOS situations