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Over the last three years, Retail Solutions has been one of the most innovative companies in the CPG space. Retail Solutions' solutions have brought new levels of depth to the way CPG companies understand their customers and what all parties, retailers, manufacturers and merchandisers can do in near-real time to improve the effectiveness of store operations.
-Kara Romanow, Executive Editor, Consumer Goods Technology
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Retailers: Store Operations
Retail Execution Management for Store Operations
How can you ensure that the resources deployed by your suppliers in your stores are focusing on the issues most important to both of you?
As more and more suppliers are sending field sales and merchandisers into the stores, leading retailers are taking action to leverage these resources in a consistent and productive way. Most manufacturers today rely on field resources to check on-shelf availability, promotion and product launch execution, planogram and pricing compliance, but their store visits are driven by suboptimal information. With the appropriate guidance and structure, they could dedicate these resources to complementing effectively your own store operations.
However, without detailed, up-to-date downstream data reflecting the reality in the store, suppliers have no possibility to optimize the time spent in your stores. Without clearly defined joint processes, they are not in a position to fix the root cause of an issue they may spot even if they are able to fix temporarily its manifestation.
Introducing Retail Execution Management for Store Operations
Retail Execution Management helps make manufacturer resources more effective in your stores. Rather than using often outdated syndicated data, checking a sample of their products or working a standardized to-do-list across all stores, suppliers using near-real time downstream data are in a better position to provide effective support to your store organization:
- Set up the right priorities and processes for supplier resources in your stores, using the same data your internal resources are using
- Fix out-of-stocks, but also correct their root cause (distribution voids, phantom inventory...)
- Correct compliance issue (promotion execution, pricing, planogram...)
- Operate more effective replenishment programs
Retail Solutions has partnered with many retailers - at no cost to them - to help them involve their supplier community more effectively with their store operation organization. Today, using Retail Solutions powerful exception management logic and proprietary algorithms, more than 300 CPG companies work with over 30 retailers to transform downstream retailer data into near-real time insights and actionable alerts for each store-SKU combination requiring immediate attention.
Welcome to Retail Execution Management, powered by Retail Solutions.