MINNEAPOLIS, MN. and LONDON, UK - January 5, 2009 - Marks and Spencer Group Plc (M&S;) has chosen Quantum Retail`s software solution, Q, to manage the end-to-end inventory forecasting, replenishment and order planning needs for its food division.
Q was selected following a full review of competing advanced inventory management solutions available in the marketplace. M&S; began running Q for the first area of merchandise in less than 6 months. Rollout is planned to commence in 2010.
Discussing the challenges of fulfillment for food retailers, Wyndham Albery, VP EMEA for Quantum Retail said, "Balancing high on-shelf availability and low wastage goes to the heart of what Q does for food retailers. Our work with a recognized innovator like M&S; is focused on supporting their commitment to high levels of profitable customer service through a customer centric supply chain process."
Q meets inventory management challenges by considering constraints such as availability, shelf life and wastage. The system is able to forecast and make inventory decisions in real-time while considering both inter-day and intra-day stocking. Importantly, Q forecasts demand at an individual item/SKU level for every store, rather than using averages across a range of similar stores. Buying decisions are made based on current stock levels, as well as considerations such as daily selling patterns, product life-cycle, seasonality, projected waste, target service levels and inventory availability.
"We aim to provide M&S; with capabilities that can provide real competitive advantage in the marketplace - Q is a tool to execute on the vision of customer service and availability," stated Quantum Retail`s chief strategy officer and co-founder, Chris Allan, "and we are very excited to prove the value of our solutions to a great company like M&S.;"
About Quantum Retail Technology, Inc.
Quantum Retail answers the new questions facing retailers with a merchandise optimization suite designed for the increasing pace and complexity of the consumer revolution and today`s competitive landscape. Quantum Retail`s solutions solve the most difficult and costly problems retailers face - quickly and permanently. Our Q solution is the answer for: Forecasting and Order Planning - Replenishment and Allocation - Assortment and Range Planning.
For more about Quantum Retail Technology, Inc., visit www.quantumretail.com
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