Enhanced Retail unveils RetailNarrative version 2.0
Enhanced
Retail Solutions, a provider of Software-as-a-Service (SaaS) retail
analytic and demand planning solutions to suppliers, licensors, and
retail trading partners, has launched Retail Narrative version 2.0. The
expert system aggregates and asks questions of retail POS and demand
planning data and determines the relevance and value of taking action.
The
version 2.0 brings a multitude of new features. The added, simpler
interface provides the user with a more focused view, showing one
priority at a time. The user can “slide” through the opportunities. Each
opportunity shows the dollar impact of taking action and is accompanied
with a template that contains the required information to do so, such
as a calculated store level replenishment, more optimal allocation, or
forecast.
An
improved notification system and “themed” workbooks help the user with
key functions. For example, if narrative sees that gross margins are
down, it will offer up a margin worksheet to communicate and negotiate
with the buyer. Another workbook focuses on assortment optimisation; the
system will perform SKU optimisation on its own, highlighting items
that should continue in the assortment and those that should not.
Another workbook contains a business overview that can be used for a
meeting with the buyer.
The
system provides automatic emailing of the dashboard on a weekly basis.
There is a section for users to pin opportunities they intend to take
action on in one dashboard. A user can even assign a pinned opportunity
to another person in their organisation.
Jim Lewis, founder and
CEO of Enhanced Retail Solutions said, “Suppliers, retailers, and
licensors spend days creating reports and presentations to study the
health of their business and work with the appropriate people to improve
it. RetailNarrative brings the expertise, analytics and merchandising
concepts together in one place, on its own, in seconds." (GK)
Monday, 16 April 2018