Unlike traditional data-sharing methods -- where raw data is transmitted and a comprehensive analysis solution is then needed to transform the data into actionable information -- Accelerated Analytics provides vendors with ready visibility into near real-time point-of-sale data and inventory on hand at the store and item level.
Akron, OH (PRWEB) April 29, 2009
The Rainmaker Group announced today the expansion of a point-of-sale (POS) data sharing and analysis service for retailers.
Many retailers provide vendors with POS data using methods that include spreadsheets, EDI 852, or a web site where the data can be downloaded. However, retailers often find these methods do not deliver the desired performance improvements because vendors are not well equipped to turn raw data into actionable reports.
Accelerated Analytics is a comprehensive, web-based service for collecting, analyzing and reporting on EDI 852 and POS data. Pre-configured reports and flexible, ad-hoc analysis tools provide one-click access to item and store-level analysis. The service is vendor-funded and does not require any investments in technology infrastructure or software.
"Given today's economic climate, we understand retailers are looking for solutions that help them work more effectively with their vendors to maximize revenue and reduce costs," said Chad Symens, President and CEO of The Rainmaker Group. "Unlike traditional data-sharing methods -- where raw data is transmitted and a comprehensive analysis solution is then needed to transform the data into actionable information -- Accelerated Analytics provides vendors with ready visibility into near real-time point-of-sale data and inventory on hand at the store and item level."
Accelerated Analytics enables retailers to better collaborate with their vendors and share data more quickly, easily and on a more timely basis. This allows retailers to not only better understand what is happening at the store-level, but also proactively respond to maximize opportunities and improve sales performance. "More timely insight into store-level activity enables the supply chain to become more demand-driven, facilitating faster identification and response to stock outs and shifts in demand," added Mr. Symens.
Time to market with solutions that can impact 2009 performance is critical and Accelerated Analytics provides retailers with a fast, secure and effective program to ensure vendors can fully leverage POS data while avoiding the expense of building a vendor portal or supporting a vendor EDI program.
Numerous vendors and leading brands use Accelerated Analytics for point-of-sale data analysis, including Benefit Cosmetics LLC, Kathy Van Zeeland, Kimberly-Clark, DampRid and GUESS Kids.
About The Rainmaker Group
The Rainmaker Group is a data warehouse and software engineering firm that created the Accelerated Analytics® service to provide POS information services to vendors and retailers. The Accelerated Analytics® service improves sales and supply chain visibility by providing an easy solution for sharing and analyzing sales and inventory data without any of the technical headaches.
For more information, visit Accelerated Analytics
The Rainmaker Group