|By PR Newswire||
|March 25, 2014 05:30 AM EDT||
-- New Event Brings Together Shopper, Category, Commercial and Supply Chain Teams to Unlock the Untapped Sales Growth Opportunity
LONDON, March 25, 2014 /PRNewswire/ -- Retail Solutions Inc. (RSi), a global provider of cloud-based, Big Data analytics and real-time intelligence for the consumer-products industry, today announced its sponsorship of the first Product Availability: The Untapped Sales Growth Opportunity event hosted by IGD, taking place March 27 in London.
This practical event brings together commercial and supply chain teams to investigate the business wide opportunity of increasing availability to grow sales and improve shopper loyalty. At the event, cross-functional teams from presenting companies, including RSi customers Unilever and Nestlé, will share their journeys and the specific projects that increased on shelf availability. With an agenda packed with commercial, operational and supply chain know-how, the event will provide attendees with ideas and inspiration to tap the business-wide opportunity of increasing product availability to grow sales and improve shopper loyalty.
As an event sponsor, RSi will have a presence on the show floor where they will share how retailers and suppliers are reaping significant sales growth opportunities from effectively controlling out-of-stocks and managing inventory, forecasting and replenishment processes through collaborative efforts and downstream data sharing made easy using the RSi platform. On average, RSi customers report a 1-3% lift in on-shelf availability rates worldwide, along with inventory reductions in the 10-20% range.
"Today, we are witnessing a new trend where data is leveraged daily to better collaborate with retailers tactically and strategically," said Cedric Guyot, General Manager of Europe for RSi. "By sharing data on what sells every day -- by item, by store -- and transforming it into actionable intelligence, retailers and manufacturers are increasing the speed and accuracy of inventory through the supply chain, reducing out-of-stocks and driving new levels of customer satisfaction and sales. We are pleased to be a part of this event and to share with attendees how RSi can help them tap into the sales growth opportunities that exist when product is always available on the store shelf."
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, 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: www.retailsolutions.com.
April H. Burghardt
PR Consultant for RSi