MOUNTAIN VIEW, Calif. (PRWEB) June 11, 2013
Retail Solutions Inc., a global provider of cloud-based, Big Data analytics and real-time intelligence for the consumer-products industry, today announced its strong presence at the 10th Annual Consumer Goods Sales & Marketing Summit which concluded on June 5th in New York City. The sold-out event produced by Consumer Goods Technology brought together more than 225 senior-level consumer goods executives to network with peers, share ideas and experiences, and learn about important industry trends. In addition to being an event gold sponsor, Retail Solutions Inc. (RSi) sponsored the Downstream Data Share Group – an opportunity for Summit attendees to share experiences and best practices on Big Data talent strategies and on-shelf management.
This year’s conference theme, “Datatopia: From Big Data to Meaningful Customer Dialogue,” was a natural fit for RSi, a global provider of predictive analytics for the CPG industry. The company’s cloud-based, Retail Execution Management 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. RSi has been creating value from operational downstream data since 2007. Today, more than 500 manufacturers subscribe to RSi to monitor and manage the performance of their brands.
Hasbro, one of the largest toy makers in the world, addressed Summit attendees and the Downstream Data Share Group during a session on Iron Man 3 action figures in Target stores. Adam Winzens, Replenishment Manager for Hasbro, walked attendees through the informative use case showing how Hasbro leveraged RSi data to secure on-shelf availability in Target stores nationwide. Using RSi to convert downstream data into actionable visibility into the store and onto the shelf, Hasbro was able to better understand sales variability within geo-demographic store clusters; optimize inventory allocations to support best-selling stores; and maximize full retail sales through peak sales weeks. The uptick in sales has led to better store presence and faster inventory turns.
“Hasbro isn’t playing games when it comes to satisfying customer demand,” said Marie Amoruso Jackson, Chief Marketing Officer at RSi and moderator of the Downstream Data Share Group at the Summit. “Adam Winzens and his team at Hasbro are redefining the supplier/retailer relationship and in the process generating new revenue opportunities, improving customer satisfaction levels and optimizing business processes for immediate and long-term benefits.”
CPG manufacturers will have a second opportunity to learn more about the Iron Man 3 use case during the RSi webinar, “A Superhero’s Guide to On-Shelf Management.” Hasbro’s Adam Winzens will be joined by Scott Johnston, RSi’s Retail Channel Director for Target on July 9 at 11:00 a.m. ET. To register for the event, visit http://www.retailsolutions.com/ironman3.
About Retail Solutions
Retail Solutions is the leading provider of technology that helps consumer-product companies derive value from retailer data. The company’s comprehensive suite of cloud-based solutions gives manufacturers up-to-the-minute product and demand visibility from the warehouse to the store shelf to the shopper, leading to increased sales and better inventory management. Retail Solutions’ platform is trusted by more than 500 global Consumer Product Goods companies including Colgate-Palmolive, Kimberly-Clark, Kraft, Unilever, Bayer, ConAgra, Clorox, P&G, and Danone. http://www.retailsolutions.com.