[June 26, 2017] |
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IRI Introduces Supply Chain Management and Optimization Solution
IRI® today announced the launch of the IRI Supply Chain
and Optimization™ solution powered by the IRI Liquid Data®
Connected Enterprise platform. The new solution drives growth and
efficiencies in supply chain by delivering near real-time key
performance indicators and actionable insights for historical
performance as well as a future predictive outlook, enabling clients to
take action immediately.
"IRI's new supply chain solution changes the paradigm by leveraging
multiple data sets, machine learning and artificial intelligence (AI)
along with deep causal analysis to improve supply chain planning and
drive higher growth and profitability," said David Hoodis, president of
Retail for IRI.
IRI Supply Chain Management and Optimization differentiates itself from
other solutions by providing capabilities for supply chain management
and data science-driven optimization in a single integrated solution. By
incorporating supply chain data alongside other IRI data sets, such as
rest of market point-of-sale data, frequent shopper loyalty data, media
data and expanded causal data, clients can benefit from more holistic,
personalized and actionable insights generated by the new solution. Key
differentiated capabilities include:
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Real-time alerts: Leverages machine learning, AI, and IRI's
algorithms to trigger alerts for out-of-stocks/over-stocks, vendor
collaboration, service level compliance, and other exceptions
impacting business performance.
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Integrated workflows: Alerts are surfaced in reports, emails,
SMS texts, API calls, or in hand-held mobile devices used in stores in
order to integrate seamlessly with existing workflows to maximize
store associate productivity.
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Expanded causals: Provdes a feedback loop for improving supply
chain planning by leveraging a variety of causal data sources
available on IRI Liquid Data with a client's first-party data and a
variety of predictive algorithms.
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Embedded metrics: Sales forecasting, predictive out-of-stocks
and over-stocks and other metrics driven by embedded data science
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Improved collaboration: Includes capabilities to help vendors
and suppliers partner more effectively within the solution.
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Descriptive and predictive: Provides complete end-to-end view
of historical performance along with predictive future outlook for
stores and distribution centers.
The IRI Supply Chain solution enables retailers and manufacturers to
enhance and improve supply chain planning by optimizing inventory levels
at each stores and distribution centers; improve out-of-stocks and
over-stocks; enrich vendor compliance and service levels and key
metrics, such as lead time, fill rate, inventory turns and forecast
accuracy.
About the IRI Partner Ecosystem
IRI fundamentally believes that delivering differentiated growth for
clients requires deep, highly integrated partnering with a variety of
best-of-breed companies. As such, IRI works closely with a broad range
of industry leaders to create innovative joint solutions, services and
access to capabilities to help its clients more effectively compete in
their various markets and exceed their growth objectives. IRI is
committed to its partnership philosophy and continues to actively
enhance its ecosystem of partners through alliances, joint ventures,
acquisitions and affiliations. The IRI Partner Ecosystem includes such
companies as Adobe, The Boston Consulting Group, comScore, Experian,
GfK, Gigwalk, GuestMetrics, Ipsos, Kantar Shopcom, MasterCard (News - Alert) Advisors,
MaxPoint, Millward Brown Digital, Mu Sigma, Oracle, Pinterest, PlaceIQ,
Research Now, SPINS, Univision and others.
About IRI
IRI is a leading provider of big data, predictive analytics and
forward-looking insights that help CPG, OTC health care organizations,
retailers, financial services and media companies grow their businesses.
A confluence of major external events - a change in consumer buying
habits, big data coming into its own, advanced analytics and
personalized consumer activation - is leading to a seismic shift in
drivers of success in all industries. With the largest repository of
purchase, media, social, causal and loyalty data, all integrated on an
on-demand, cloud-based technology platform, IRI is empowering the
personalization revolution, helping to guide its more than 5,000 clients
around the world in their quests to remain relentlessly relevant,
capture market share, connect with consumers, collaborate with key
constituents and deliver market-leading growth. For more information,
visit http://www.iriworldwide.com/.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170626006002/en/
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