Enhanced Retail Solutions To Unveil New Paradigm for Reporting at NRF Retail’s Big Show at the Javits Center, January 17-19
New York, NY (PRWEB) January 05, 2016 -- Enhanced Retail Solutions (ERS), a top provider of consulting and software solutions to the retail industry and their suppliers and licensors for use in analyzing their products' retail sales and trends as well as improving inventory productivity has announced groundbreaking functionality to its Intelligent Retail Platform.
ERS has been enabling the individual user to create the reports the way they want them - As opposed to relying on canned or a limited range of customized reports. But those without planning background do not know where to look or what to do with the information. Planners who dig into the details could still miss important detail buried in millions of rows of data.
ERS harnessed many years of consulting experience and actionable reporting to create a SAAS offering called RetailNarrative, which complements its ad hoc /best practice and demand planning reporting. The software will comb through data, asking the questions their consultants would to present to the user the most actionable pieces of information in dashboard with a concise narrative explaining what the user is looking at. Using ERS’ robust forecasting engine, RetailNarrative can suggest when and how much inventory to buy.
The software learns as it goes, revising its understanding of trends, finding the most actionable information for the week and adjusting to the user’s preferences. It is truly virtual “eyes” sifting through sku-store combinations to find low-level and high-level recommendations. Because it sifts through the data in the background all the results have already been derived. When the user opens the dashboard, their selections and interactions are instant.
While the software is geared to the Retail Industry, the software is built in such a way that - with the right domain expertise - actionable information can be generated from any Data Set (Small to “Big”).
According to Chief Software Architect Josh Coughlin: “People with experience don’t have the time and the people with the time don’t have the experience to effectively utilize Retail Point of Sales and Demand Planning data” leaving unrealized sales and profit gains.
“Our system will ask all the right domain specific questions of the data, score the answers of those questions, and produce the top actionable items that could directly affect your business,” says Jim Lewis, CEO of Enhanced Retail Solutions, “No other company can offer that.”
About Enhanced Retail Solutions LLC:
Enhanced Retail Solutions is a New York based software and consulting firm specializing in Retail Analysis and Demand Planning for the manufacturer, their retail partners and licensors. ERS' state of the art software tools and consulting deliver critical data quickly, easily and cost effectively, adding over one hundred million dollars to their clients' bottom line. ERS' broad customer base includes industry leaders in the electronics, consumer products, apparel, footwear, home textile, toy, home décor, home improvement, housewares, jewelry and food industries. For more information, visit http://www.EnhancedRetailSolutions.com.
David Matsil, Enhanced Retail Solutions, http://www.EnhancedRetailSolutions.com, +1 (212) 938-1991 Ext: 103, [email protected]
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