MOUNTAIN VIEW, Calif.,
April 21, 2018 /PRNewswire/
-- RSi (Retail Solutions Inc.), the leading technology company
enabling CPG manufacturers and retailers to drive greater
profitability, today announced that it is launching its newly
expanded IRIS on-shelf availability (OSA) platform during the NACDS
Annual, which kicks off today at The Breakers in Palm Beach, Fla. As the world's #1 OSA
platform (with more installs than any other OSA solution), IRIS
combines RSi's unparalleled industry knowledge, digital technology
innovations, and data expertise to enable users to achieve the
perfect and profitable shelf.
For chain drug stores and their suppliers, attaining the perfect
shelf is more vital than ever. The shoppers' path-to-purchase
continues to undergo historic changes, making it imperative that
retail and CPG partners collaborate closely and have the right
tools, insights and support to maximize their sales performance,
from supply chain to shelf.
To that end, the IRIS platform establishes an essential baseline
for OSA measurement, identifying the root causes of OSA roadblocks
to correct any issues, and prevent them from happening again. For
example, Colgate-Palmolive is leveraging Retail Shelf Alerting as
part of the IRIS platform to measurably improve its on-shelf
availability.
"Colgate can now see a correlation between OSA improvement and
an increase in sales," said Tracey
Plumleigh, Retail Manager, Walmart Team at
Colgate-Palmolive. "Now, we're not just protecting the shelf space
that we have, but we're allowing that demand to be optimized to
potentially gain more shelf space as shoppers start to buy more
items (that are continuously in stock). We have a better idea of
what real shelf demand is."
"At RSi we are single-mindedly focused on enabling our partners
and customers to optimize their market position and drive
substantially greater profitability – from supply chain to shelf,"
said Kirk W. Wheeler, SVP of Global
Sales and Marketing for RSi. "By measuring, correcting and
preventing OSA issues, the IRIS platform empowers organizations to
successfully address OSA and thus drive more sales, more
profitably."
The newly expanded IRIS platform delivers over 100k OSA alerts daily and has captured more than
$1B in identified potential
recaptured sales for CPG and retail users – allowing them to
optimize their market positions in a globally challenging retail
landscape. IRIS includes the following key modules:
- Measure – Tracks OSA at the most granular level
(store/product/day), with results that can be aggregated to provide
precise assessments of OSA performance to establish a
baseline.
- Correct – Provides alerts when specific circumstances
occur that indicate an imperfect shelf. These alerts are
immediately delivered to the appropriate individual so that action
may be taken to correct the situation and increase OSA
performance.
- Prevent – Takes advantage of business intelligence data
analytics and machine learning technologies to avoid problems on
the shelf before they occur.
RSi invites NACDS Annual attendees to learn how to Rule the
Shelf with IRIS, by requesting a meeting at:
https://www.retailsolutions.com/company/contact-us/.
About RSi (Retail Solutions Inc.)
RSi is the world's
leading technology company enabling CPG manufacturers and retailers
to optimize their market position and drive greater profitability –
from supply chain to shelf. We use our unparalleled industry
knowledge, best-in-class technology solutions, and deep data
expertise to empower our customers to collaborate in new ways to
drive profitable results. RSi's cloud-based data transformation
engine is fueled by digitally-enabled technologies that deliver
actionable insights seamlessly and in real-time so customers can
make better, more timely decisions. More than 500 CPG companies and
over 225 retailers worldwide rely on RSi's proven technology
solutions, such as IRIS, our industry-leading on-shelf availability
platform. IRIS solves OSA problems and produces significant
improvements in sales and shopper satisfaction. RSi's employees
located in 20 locations across the globe are passionate about
helping customers to rule the shelf, and own the future. To learn
more, visit www.retailsolutions.com.
About NACDS
NACDS represents traditional drug stores,
supermarkets and mass merchants with pharmacies. Chain members
operate 40,000 pharmacies, and NACDS' more than 100 chain member
companies include regional chains and national companies. Chains
employ more than 3.2 million individuals, including 178,000
pharmacists. They fill over 3 billion prescriptions yearly, while
offering innovative products and services that improve patient
health and wellness. NACDS members also include more than 850
supplier partners and over 60 international members representing 21
countries. Please visit www.NACDS.org.
Media Relations
Jessica Tobey
Industry Relations Manager
Jessica.tobey@retailsolutions.com
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SOURCE Retail Solutions, Inc.