June 12, 2012, 10:24 AM

New Cloud-Based Assortment Intelligence Tool from Upstream Commerce Aims To Transform the Way Retailers Merchandise

The Upstream Commerce Retail Intelligence Suite is a cloud-based Software-as-a-Service (SaaS) solution that uses advanced artificial intelligence, semantic analysis, data-mining, and image-recognition algorithms to give retailers comprehensive, real-time competitive price monitoring and analysis, as well as product and assortment intelligence.

BOSTON, MA, June 11, 2012 -- Upstream Commerce today unveiled the latest tool in its Retail Intelligence Suite -- Assortment Intelligence -- a powerful tool allowing retailers to track assortment changes at competitors' websites in real-time, and adjust their own product-mix accordingly. 

The Upstream Commerce Retail Intelligence Suite is a cloud-based Software-as-a-Service (SaaS) solution that uses advanced artificial intelligence, semantic analysis, data-mining, and image-recognition algorithms to give retailers comprehensive, real-time competitive price monitoring and analysis, as well as product and assortment intelligence.

With the new Assortment Intelligence tool, retailers can view, compare and analyze the overlap between their own and their competitors’ assortments; identify competitors’ products that they don’t currently carry (but may wish to add); and identify products which they may currently carry exclusively (for which they could elect to command higher prices).    

Historically, retailers have relied on personal experience and manual tracking to optimize their assortment relative to their competitors. The manual approach is no longer practical in today’s intensely competitive, highly dynamic markets.

“Increasingly savvy consumers are forcing retailers to alter pricing strategies, so it is imperative for multichannel retailers to be opportunistic and flexible with their pricing so they don’t miss opportunities,” said Gartner research vice president Kevin Sterneckert. “Retailers today need every technological advantage they can get to track competitors’ pricing and assortment in real time.”

“Assortment composition is far too critical a merchandising decision to leave to the non-real-time, highly variable nature of human assessment, judgment, and action,” said Upstream Commerce CEO, Amos Peleg. “Assortment Intelligence transforms classic manual merchandising by giving retail owners, executives, managers and buyers actionable and timely product assortment insights.” 

Assortment Intelligence, the newest tool in the Upstream Commerce Retail Intelligence Suite, builds on the company's already advanced pricing intelligence capabilities to expand the arsenal retailers can employ to compete more effectively and increase their sales and profit margins.

Upstream Commerce boasts an impressive number of customers worldwide, including some who top the Internet Retailer 500 list.  The company currently tracks millions of products, and has billions of quality intelligence data points going back two years in some verticals. 

About Upstream Commerce

Upstream Commerce was founded in 2010 by seasoned retail technology experts, Amos Peleg and Shai Geva, on the premise that automated retail intelligence capability should simplify and streamline the highly-complicated data-gathering process so retailers can concentrate on optimizing their merchandising and marketing.

Upstream Commerce is dedicated to helping retailers around the world compete more effectively, increase sales, and grow profit margins through the use of advanced automated real-time intelligence gathering and analysis.

To find out more about the Upstream Commerce Retail Intelligence Suite in general, Assortment Intelligence in particular, and try the free online demo, go to www.UpstreamCommerce.com 

 

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