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Retail Solutions was among the first to recognize the power of applying sophisticated analytics to retailer data such as POS, supply chain, merchandiser feedback, and EPC data through an extensive set of software-as-a-service (SaaS) applications.
-Simon Ellis, Manufacturing Insights, 'Retail Solutions' Growth Mirrors Critical Consumer-Centricity Efforts for Manufacturers'
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CPG Companies: Senior Executives
Retail Execution Management for Senior Executives
Today, in most industrialized countries, out-of-stock rates hover around 8%. About 35% of promotional displays shipped to the stores are not positioned correctly, causing a huge unnecessary expense as well as a strain to sustainability initiatives. It typically takes four weeks to have a typical new product scan at 80% of a retailer's stores. Forecasting is based on shipment and often does not take into consideration real sales at the store, resulting in significant out-of-stocks levels and/or excess inventory.
Traditional, in-house approaches to solve these problems have failed - most retailers are now following Walmart's suit and have started sharing detailed point-of-sale and inventory information by day, by store and by SKU. In the meantime, industry initiatives like "New Ways of Working Together" call for increased collaboration and information sharing. Yet no in-house system is able to handle this new data - massive in scale, highly inconsistent in format, granularity and content across retailers and very difficult to load and reconcile - let alone transform it into actionable, valuable information across the organization.
Introducing Retail Execution Management for Senior Executives
By adopting a company-wide, systematic approach to Retail Execution, our customers are able to turn downstream data into tangible value:
- Gain complete and up-to-date visibility on the performance and operational excellence for each of their customers in each of their channels
- Provide every customer team - and not only the Bentonville one - with the tools and best practices necessary to cut out-of-stocks by 25%, improve forecasting accuracy by 10%, improve promotion design, compliance and execution and greatly increase new product introduction effectiveness
- Build more effective, trustful and strategic relationships with their key retailers by leveraging their data to focus on finding mutually beneficial improvement opportunities in their shared supply chain - rather than just haggle during negotiations or argue about data accuracy
We work with data from over 30 retailers globally, including 9 of the top 10 US Food, Drug and Mass retailers. Our low-risk, pay-as-you-go Software-as-a-Service (SaaS) model enables us to start any of your teams within a four to six week period.
Today, 20 of the top 25 global CPG companies trust Retail Solutions' experience and proprietary methodology to help them earn back 2 to 3% in lost sales and wasted costs due to retail inefficiencies.
Welcome to Retail Execution Management, powered by Retail Solutions.