The integration of 360pi and IBM’s solutions has created a powerful and comprehensive price management solution that is unmatched in the marketplace today
Ottawa, Canada (PRWEB) June 11, 2013
Today, 360pi, the leader in retail competitive price intelligence announced it has joined forces with IBM to drive more profitable merchandising decisions for retailers such as Ace Hardware.
Through IBM’s Smarter Commerce initiative, 360pi will deliver retail customers with software and services solutions that help them optimize their base, promotional, and markdown pricing to drive sales, volume, and profit. 360pi helps retailers increase their sales and margins by helping them “right-price” through insight into their competitors’ prices and assortments, giving them the same kind of price transparency their customers enjoy. 360pi has successfully integrated with IBM’s merchandising solutions, helping numerous joint customers, including Ace Hardware, to deliver an additional source of critical information that has strengthened the breadth and quality of results for the retailers.
“The integration of 360pi and IBM’s solutions has created a powerful and comprehensive price management solution that is unmatched in the marketplace today,” said Dale Fennel, Director, Category Management and Retail Development for Ace Hardware Corporation. “The combination of their services gives us the data that we need to make smarter decisions, and the tools we need to execute more efficiently. In addition, by being more in tune with varying prices by market, we will be able to better balance price image challenges with margin pressures.”
IBM and 360pi have also recognized the value of formalizing these joint customer integrations into a partnership to deliver an integrated solution for other existing and potential IBM and 360pi retail customers.
“Together with 360pi, we recognize the importance of leveraging analytics and big data to transform the retail market in the age of the digital shopper,” said Jay Henderson, Global Strategy Program Director for IBM Smarter Commerce. “Through this partnership, we will help retailers better implement pricing and promotional strategies through predictive analytics, resulting in a more personalized shopping experience for consumers.”
“It is rare when you announce a partnership that the value to all parties and end customers is already evident,” stated Alexander Rink, CEO of 360pi. “With numerous joint integrations already completed, most recently with Ace Hardware, we are extremely excited about the potential this strengthened relationship presents to 360pi, IBM, and to retailers in general in terms of increased revenues and margins.”
360pi, a global leader in retail price intelligence, delivers online competitive monitoring solutions that give retailers complete visibility into their competitors' prices and assortments. Top retailers use 360pi’s industry-leading match and accuracy rates – made possible by its proprietary artificial intelligence and cloud-based Big Data capabilities – to enhance their pricing strategies and enable margin and revenue increases of up to 80%.