TIDMONEV

OneView Group PLC

16 January 2017

OneView Integrates Powerful Inventory Management Capabilities with IBM Watson Commerce Insights

LONDON -Jan. 16, 2017-OneView Commerce (AIM: ONEV), the retail industry's leader of digital transformation in the store, today announces that as part of its partnership with IBM, the company has integrated its Inventory Management solution with IBM's Watson Commerce Insights. The integration provides retailers with real-time, actionable analytics about product performance, inventory availability, prices, and promotions across e-commerce and store channels.

The OneView-IBM Watson Commerce Insights integration allows retailers to interpret and act on changes in customer demand within a unified commerce experience. Through the integration with IBM's Watson Commerce Insights, OneView's valuable real-time information is now expanded to include the full 360-degree view of stock, order, and inventory information from all channels to facilitate quick, direct action that ensures timely order fulfilment. OneView will now leverage the powerful Commerce Insights capabilities to show key metrics such as fastest and slowest moving products by store or region, allowing for immediate action and decisions about how price, promotion or goods movement can improve overall store and retail operations.

Linda Palanza, Chief Operating Officer of OneView commented:

"Real-time inventory visibility across the entire supply chain is critical to omnichannel success. It enables merchandisers, product managers, and marketers to meet changing customer behaviours and demand by nimbly managing and adjusting inventory levels and replenishment.

The biggest challenge has been store visibility of inventory in real-time as product is being sold. Retailers want to provide services such as click and collect, yet prevent lost sales due to stock-outs. Real-time inventory is key to optimizing sales opportunities and margins since approximately two-thirds of shoppers who experience stock-outs take their business elsewhere or don't buy at all."

Steve Mello, Vice President of IBM Watson Commerce Solutions and Strategy commented:

"Shoppers today seek out brands that can meet their expectation for convenience, price and seamless experiences across channels. Together, OneView and IBM give online merchandisers the real-time customer and business insight they need to predict and exceed shopper expectations while also maximizing revenue and profit for the brand."

Further Details:

 
 OneView Group plc                Tel: 01634 673172 
 Stuart Mitchell, CEO 
  Linda Palanza, COO 
  Mark Wilson, Finance Director 
 
 finnCap Limited                  Tel: 020 7220 0500 
 Geoff Nash 
  Kate Bannatyne 
  Stephen Norcross (Broking) 
 
 Hybridan                         Tel: 020 3764 2341 
 Claire Noyce (Broking) 
 
 Newgate Communications           Tel: 020 7653 9848 
 Bob Huxford 
  Lydia Thompson

About OneView Commerce

OneView Commerce is a pioneer in digital store transformation, helping global retailers implement successful unified commerce strategies that centre on the critical engagement in store. The company's cloud-based Digital Store Platform combines digital-ready point of sale, line busting, and end-to-end unified commerce capabilities, with the ability to capture and deliver the rich content from these store interactions across the retail enterprise. OneView enables the exchange of this powerful store information to immediately impact sales, business operations and the customer experience. Travis Perkins plc, Wickes, and Discount Tire Corporation are among the global retailers revolutionizing their stores with OneView Commerce. For more information, visit www.oneviewcommerce.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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January 16, 2017 04:00 ET (09:00 GMT)

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