One of Ten Cool Technology Applications for Consumer Products
Sunnyvale, CA (PRWEB) December 20, 2007
T3Ci, a rapidly growing consumer product goods (CPG) technology and service provider, reaffirmed its leadership in its space, based on outstanding 2007 results. After tripling in 2006, T3Ci revenues grew again nearly 150 percent in 2007 while the astounding growth in solutions' usage metrics demonstrated that T3Ci is fast becoming the standard way for consumer goods companies to reduce out-of-stocks, improve promotion effectiveness and create value from their RFID-tagging programs.
Highlights for 2007 include:
•To date, T3Ci Promotion Execution has analyzed and supported the execution of over 300 RFID-enabled promotions at more than 20 customers, providing the strong business case to justify sizeable roll-outs in 2008. Based on current customer plans, T3Ci expects to start the new year at a pace of nearly 50 new promotions per month.
•On behalf of 10 customers, T3Ci On-Shelf Management to date has examined and corrected store and shelf availability for over 15 billion store-SKU combinations. T3Ci will start 2008 at a pace of over 30 million store-SKU combinations per day, across 110 merchandising categories - equivalent to 10,000 SKUs every day, across a network of 3,000 stores.
•In April, T3Ci RFID Analytics had processed one billion tag reads. In 2007, T3Ci analyzed nearly four times as many reads as two years ago, covering 6,700 SKUs.
•T3Ci has now worked with data coming from 9 global retailers on projects ranging across all of T3Ci's solutions.
•T3Ci's research and thought leadership achieved broad recognition across the industry, including a mention as a significant contributor to the GMA/FMI/NACDS-sponsored guide to retail out-of-stocks, the 2007 Editor's Pick by Consumer Goods Technology magazine and being named by AMR Research as "One of Ten Cool Technology Applications for Consumer Products".
•In early 2007, T3Ci opened its Bentonville, AR office and expanded its Sunnyvale, CA operation. By mid-year, T3Ci moved to a larger Bentonville office and initiated development outsourcing operations in Shanghai, China.
•Finally, T3Ci held its second annual International User Group in November 2007, in San Francisco, CA. At this event, T3Ci customers shared implementation details, best practices and business cases on their promotion and out-of-stock reduction programs, reviewed the latest industry and T3Ci proprietary research, and explored new, collaborative ways to advance customer operations. Participants consistently rated this event one of the best CPG forums of 2007.
"On the basis of successful 2007 implementations, our customers have now proven that T3Ci can help them make a difference with their retailer customers," said Dr. Jonathan Golovin, Chairman and Chief Executive Officer, T3Ci. "T3Ci provides near-real time visibility into the store and onto the shelf, and it is this visibility that has enabled CPG companies to achieve better promotion design and execution, lower out-of-stocks and increase sales. The whole team at T3Ci is honored by the continued confidence we have been granted by our customers, including four of the top five global consumer goods companies. We look forward to finding new, innovative ways to provide them with further competitive advantage and to help them build more effective relationships with their retailer customers."
T3Ci advances customer operations at leading consumer packaged goods (CPG) companies by leveraging customer data. T3Ci develops and operates award-winning analytics and execution solutions in a software-as-a-service (SaaS) model, including On-Shelf Management, Promotion Execution Management, RFID Analytics, Direct Store Delivery Management and Retail Merchandiser Management. T3Ci customers have combined revenues of over $700 billion and include companies such as Bayer, Colgate-Palmolive, Gillette, HP, Kao Brands, Kraft, Procter & Gamble, Schering-Plough Corp., Stemilt and Unilever. T3Ci has offices in Sunnyvale, California and in Bentonville, Arkansas. Please visit http://www.t3ci.com for more information.
Media and Analyst Contact Information:
Marketing & Communications Manager, T3Ci
# # #