Mountain View, Calif. (PRWEB) October 09, 2013
Retail Solutions Inc. (RSi), a global provider of cloud-based, Big Data analytics and real-time intelligence for the consumer-products industry will team up with its customer Kraft Foods and partner Safeway during the Oct. 15 webinar, “ROI Follows Downstream Data Sharing,” produced by Consumer Goods Technology and moderated by Executive Editor Kara Romanow. In addition to sharing real-world examples of how the retailer and supplier work with RSi for improved collaboration and point-of-sale (POS) data sharing, the webinar will discuss the results of its annual Shared Data Study conducted jointly by CGT and RIS News.
Leading consumer-products companies and forward-looking retailers understand the concrete benefits of collaborative data sharing and business processes and have turned to RSi to help turn daily downstream data into actionable intelligence. More than 500 leading consumer products companies including Kraft Foods use the RSi platform to close the historical gaps in the retail supply chain. The RSi platform collects retailer Big Data including point-of-sale, out-of-stock, forecasts, promos, pricing, etc., and transforms it into actionable business intelligence to be shared with suppliers and across the enterprise. With this new level of operational visibility and insight, retailer and supplier can work together to improve on-shelf product availability, better execute product promotions and streamline inventory management – resulting in a better shopping experience for consumers.
As the 2013 Shared Data Study points out, in the past two years, two-thirds of suppliers reported a significant ROI from their downstream data initiatives, compared to less than half in the first editions of the annual survey. Additionally, more retailers are sharing data with their suppliers and getting more sophisticated in how they use the shared data within their organization moving beyond the supply chain into other departments such as sales, marketing and IT – reflecting the need to address an omnichannel distribution environment.
Jon Golovin, CEO of RSi will be joined by Kristen Curtis, Director of Demand Planning and Business Intelligence at Safeway and Cheryl Stark, Director of Customer Logistics Development at Kraft Foods to offer their unique perspectives and real-world use case on data sharing and collaborative business processes that increase service levels, reduce out-of-stocks and improve promotional planning and allocation. Webinar attendees will learn first-hand how Safeway partnered with RSi to launch the Collaboration for Optimized Retail Excellence (CORE) program with its top 100 suppliers, including Kraft Foods, to achieve a higher level of dialogue and respond faster to supply chain issues.
“RSi plays a critical role in the retailer/supplier relationship, helping to create strategic initiatives that extend collaborative practices among retailers and suppliers to find new ways of creating value,” said Jon Golovin, CEO and Founder of RSi. “By arming suppliers with near real-time data based on actual sales – by item, by store and by day – we are bringing the value chain to where their interests meet and are most paramount – the store shelf.”
To register for the 60 minute, Oct. 15 webinar at 2:00 p.m. ET, go to: http://consumergoods.edgl.com/web-events/ROI-Follows-Downstream-Data-Sharing-88133.
About Retail Solutions Inc.
Retail Solutions Inc. (RSi) is a global provider of Big Data, predictive analytics for the Consumer Packaged Goods (CPG) industry. The company collects and transforms billions of data points on what shoppers are buying every day and makes it insightful and actionable for better tactical and strategic decision-making at the corporate level and in the field. RSi’s innovation and competitive edge comes from the science, algorithms and patented technology that power its cloud-based solutions. The RSi platform is trusted by more than 500 global CPG companies including Colgate-Palmolive, ConAgra, Danone, Diageo, Heineken, Kimberly-Clark, Kraft, L’Oréal, Mondelez, Nestlé, Procter & Gamble, and Unilever to maximize product availability, uncover new opportunities, and drive sales. To learn more about the company, visit: http://www.retailsolutions.com.