Siemens Industry, Inc. Partners with Retail Solutions to Work with Home Depot Point-of-Sale, Inventory Data
Company to Leverage Retail Solutions Platform to Transform Home Depot EDI Data
into Actionable Insights to Support Account Planning and Execution
Mountain View, CA (PRWEB) January 11, 2011
Retail Solutions Inc., the leading solution provider helping retail manufacturers create value from operational downstream data, today announced that Siemens Industry, Inc., has selected its platform to transform Home Depot downstream data, such as point-of-sale and inventory data by day, by store and by product, into actionable insights.
“We always are looking for ways to be more effective in our relationships with our key customers,” said Michael Krajack, National Account Manager for Home Depot, Siemens Industry. “We believe that the visibility Retail Solutions offers into Home Depot point-of-sale and inventory data will open up huge opportunities for us. With near-real time data, we will be in the best position to fine-tune our assortment and more effectively manage the availability of our products down to the store level.”
Siemens Industry will use two core components of Retail Solutions’ proprietary Retail Execution Management platform:
- Retail Data Management takes the pain out of downstream data. Retail Solutions manages the collection, cleansing, harmonization and storage of downstream data for over 30 American and international retailers across multiple retail channels, including 8 of the top 10 US retailers in the food, drug, mass and home improvement sectors.
- Retail Visibility is the most widely used multi-retailer report generation and scheduling platform in the retail industry. Featuring comprehensive cleansing and harmonization capabilities, Retail Visibility makes retailer data available as useful information in easy-to-use, business-friendly formats within hours of receipt from retailers.
“We are seeing tremendous demand for these services in the home improvement sector,” commented Brian Kay, Retail Channel Director, Retail Solutions. “Many suppliers have realized that there is tangible value in using EDI data to drive insights and actions rather than simply reviewing it at an aggregate level on a weekly or monthly basis. Retail Solutions’ success in the home improvement sector stems from our ability to support the manufacturers in this transformation in a simple, actionable and effortless way.”
“We are happy to partner with Retail Solutions because they have the most experience with retailer data across a variety of channels and retailers,” added Krajack. “We strongly believe that the best practices and thought leadership Retail Solutions brings to the table in the Home Improvement channel are second to none.”
More than 700 customer teams, including teams at 22 of the first 25 largest companies in the industry, apply Retail Solutions’ Retail Execution Management best practices across more than 30 retailers to enable their customer teams to monitor and improve on-shelf availability, drive promotion and new product introduction execution, increase forecasting accuracy and drive inventories down in near-real time, at every store, for every SKU.
Siemens Industry will start to use Retail Solutions immediately, thanks to its no-investment, no-delay, no-hassle Software-as-a-Service (SaaS) model.
About Retail Solutions Inc.
Retail Solutions powers Retail Execution Management. Retail Solutions develops and delivers a comprehensive suite of Software-as-a-Service (SaaS) solutions that turn downstream data, such as point-of-sale (POS), supply chain, merchandiser feedback and customer loyalty data into actionable visibility into the store and onto the shelf.
More than 350 leading companies such as 3M, Abbott, Bausch & Lomb, Bayer, Colgate-Palmolive, Clorox, Heineken, HP, Kao Brands, Kraft, Nestlé, Novartis, Procter & Gamble, Reckitt-Benckiser, Schering-Plough Corp. and Unilever trust Retail Solutions to grow their retail sales, maximize in-store operation productivity, plan and execute more effective promotions, reduce their costs and join efforts with retail partners to improve shelf availability and consumer satisfaction. Please visit http://www.retailsolutions.com for more information.
Media and Analyst Contact Information:
Cedric Guyot, +1(650) 390-6106, cedric.guyot(at)retailsolutions(dot)com
About Siemens Industry, Inc.
The Siemens Industry Sector is the worldwide leading supplier of production, transportation, lighting and building technologies. With integrated hardware and software technologies as well as comprehensive Industry-specific solutions, Siemens increases the productivity, flexibility and efficiency of its customers in the fields of industry and infrastructure.
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