Our customers want to use POS and inventory data to derive value for themselves and for their retail customers, not spend time on acquiring, cleansing, harmonizing and loading files in a database or working with retailers to resolve data issues.
Sunnyvale, CA (PRWEB) March 4, 2008
Retail Solutions Inc., the leading solution provider helping consumer product goods (CPG) companies create value with retailer data, formed when T3Ci acquired the VeriSign® RDS business unit, today announced that its new retailer data alerting service is available to its customers.
"Our goal is to provide our customers with quality retailer data at the most granular level - every day, for every store and for each item they sell," said Andrea Vento, Vice President, Customer Operations, Retail Solutions. "With this data, the leading CPG companies are able to monitor and correct out-of-stock faster than their competitors, better manage new product introductions and improve short-term forecasting. However, timeliness and accuracy of this data is a critical factor in enabling this transformation."
Based on more than a decade of experience in handling retailer data, Retail Solutions has found that significant clean-up efforts are required before the data can be used. On average:
- 13% of POS files arrive later than expected
- 15% are outside size tolerance
- 62% contain some form of error
The new Data Alerting service is designed to ensure that consumer goods companies are always informed of when accurate, quality data is available from their retailer partners, without having to commit resources to resolving issues. With this new service, Retail Solutions customers are automatically notified when a retailer encounters data transmission problems or when the data validation processes uncover errors in the inbound data. This service is part of the Demand Signal Management (DSM) solution, the preferred solution for more than 100 CPG companies to access daily data from 17 retailers, including 7 of the top 10 US retailers.
"This is in direct response to our customers' requests and a tremendous value-added service," added Vento. "Our customers want to use POS and inventory data to derive value for themselves and for their retail customers, not spend time on acquiring, cleansing, harmonizing and loading files in a database or working with retailers to resolve data issues."
About Retail Solutions Inc.
Retail Solutions applies science to retailer data. Retail Solutions, formerly known as T3Ci, develops and delivers a comprehensive suite of Software-as-a-Service (SaaS) solutions that turn retailer data, such as point-of-sale (POS), supply chain, merchandiser feedback and EPC data into actionable visibility into the store and onto the shelf.
Leading companies such as Bayer, Colgate-Palmolive, HP, Kao Brands, Kraft, Procter & Gamble, Reckitt Benckiser, Schering-Plough Corp., Novartis, Stemilt, Tyson Foods Inc. and Unilever trust Retail Solutions to grow their retail sales, maximize in-store operation productivity, plan and execute more effective promotions, reduce their costs and join efforts with retail partners to improve shelf availability and consumer satisfaction. Please visit http://www.retailsolutions.com for more information.
Media and Analyst Contact Information:
Marketing Communications Manager, Retail Solutions