Retail Solutions, Inc. Introduces New Data-Sharing Portal for Retailers
DiscoverLink Enables Retailers to Easily and Effectively Share POS, Inventory and Supply Chain Information with Their Suppliers
Lincoln, R.I., March 7, 2005 – Retail Solutions, Inc., a leading provider of demand data management services and products, today announced DiscoverLink, an important new data reporting solution for retailers. DiscoverLink combines a robust Web-based portal with analytical tools to deliver information on demand to both retailers and the supply community.
By providing a single, simple, secure way for retailers to share critical information and analysis with suppliers, DiscoverLink enables retailers to achieve the sales and supply chain advantages enjoyed by industry leaders such as Wal-Mart and Target. DiscoverLink serves as the core of a collaborative model that allows retailers to achieve greater efficiency and performance at all levels, from better forecasting to a more streamlined supply chain to enhanced customer loyalty.
“Retailers can dramatically impact their operating efficiency by investing in processes and systems to leverage demand intelligence, improve pricing, and enhance supplier collaboration,” said Scott Langdoc, vice president of research at AMR Research, in Retail Decisions for 2005: Investing in Processes. “Benefits include tighter execution, more accurate forecasting, and a reduction in out-of-stocks, resulting in potential 10% sales and 5% margin growth for an average Tier 1 retailer.”
DiscoverLink leverages Retail Solutions’ proven Discover database technology to allow for rapid deployment – typically, from 90-120 days from start to finish. DiscoverLink is flexible, offering multiple implementation, reporting and analysis options to meet the retailer’s unique needs. Most important, DiscoverLink is backed by Retail Solutions’ extensive retail experience and expertise, which ensures that retailers and their partners receive the strong analytical services needed to understand and act on the data.
“Our experience working with retailers and manufacturers has shown that there are only a few key data elements that are truly meaningful and provide the greatest return on investment,” said Ramesh Murthy, chief operating officer at Retail Solutions. “With DiscoverLink, we help retailers share the data that actually matters, and can make a difference to the bottom line.”
About Retail Solutions, Inc.
Retail Solutions, Inc. (www.retailsolutions.com) is a leading provider of demand data management tools and services for retailers and consumer goods companies seeking to maximize their profitability and efficiency. Using its proprietary database technology, Retail Solutions quickly delivers the most accurate point-of-sale data, along with the expert analysis and consulting needed to act on it. Retail Solutions is a trusted partner of companies that are leaders in their fields, including Unilever, GlaxoSmithKline, Johnson & Johnson, Pfizer, Sara Lee, 3M, CVS and Walgreens.
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