Retail Intelligence - RI
RI focuses on reducing out-of-stocks at both the retail and supplier level, by using easy-to-use online reporting and business intelligence tools, based on the information coming from the shelf.NeoGrid Retail Intelligence solution allows retailers and suppliers to gain valuable insight into what is happening along their supply chain, with advanced solutions for collecting, consolidating, processing, and reporting vital sales and inventory information. Working to enable true collaboration between supply chain partners, NeoGrid Retail Intelligence solution simplifies the collection, analysis and distribution of inventory and Point of Sale (POS) data, by providing a single source of action-oriented performance information to all partners involved.
NeoGrid Retail Intelligence also works to improve overall performance for both, the retailer and supplier, by focusing on Key Performance Indicators (KPIs) and issues, such as:- Phantom inventory
- New item sales
- Promotional efficiencies
- Inventory levels (current and past)
- Days without sales
- Average demand quantity
By providing robust information in a single-source solution, NeoGrid Retail Intelligence facilitates the exchange of standardized information among different teams, and allows for immediate action to address real issues. Through proactive alerting, time-sensitive material is sent directly to key decision makers responsible for resolution, with instant access to critical performance information directly from through the e-mail inbox or on a mobile devices.
Typical challenges and organizational needs:
- Lack of products at the POS (out of stocks)
- Lack of information for promotional campaigns
- Phantom inventories at POS
- Lack of information about available stocks at the distribution centers and stores
- Difficulty to follow your products' trends
Solution Goals
- Identify store execution issues
- Increase visibility into product performance at the store
- Improve collaboration among trading partners
- Provide daily operational reports to field sales representatives
Key Benefits
- Reduced out-of-stock issues to better attend the consumer, thus generating greater brand loyalty and increasing sales and profits
- Optimized cash flow
- Increased inventory turns
- Strengthened relationship between the distributor and supplier through a collaborative process
- Enabled vital calculations of Key Performance Indicators (KPIs) with advanced tools to track performance
NeoGrid Solution Advantages
- Easy-to-use, web-based operating system
- Rapid implementation of programs, usually in less than 30 days
- Flexible reporting with simple graphical interfaces
- Automated data collection from any source
- Single interface supports multiple retailers and data formats
- Advanced analytics and business intelligence technology
- SMS and e-mail reports are sent directly to decision makers
Distribution Intelligence - DI
DI allows a company to optimize the sales process, ensuring proper product coverage in the sales channel and improving the product performance with the distributor.NeoGrid Distribution Intelligence (DI) solution allows suppliers and distributors to gain valuable insight into what is happening in their supply chain, with advanced solutions for collecting, consolidating, processing, and reporting vital sales and inventory information. Working to enable true collaboration between all supply chain partners, NeoGrid DI simplifies the collection, analysis and distribution of inventory and Point of Sale (POS) data by providing a single source of action-oriented performance information to all partners involved.
NeoGrid DI also works to improve overall performance for both the retailer and supplier, by focusing on Key Performance Indicators (KPIs) and issues, such as:- Phantom inventory
- New item sales
- Promotional efficiencies
- Inventory levels (current and past)
- Days without sales
- Average demand quantity
By providing robust information in a single-source solution, NeoGrid Distribution Intelligence facilitates the exchange of standardized information among different teams, and allows for immediate action to address real issues. Through proactive alerting, time-sensitive material is sent directly to key decision makers responsible for resolution, with instant access to critical performance information directly from the e-mail inbox or on a mobile device.
Typical challenges and organizational needs:
- Lack of sales information
- Low inventory turns
- Lost sales due to out-of-stocks
- Lost products due to long shelf life
Solution Goals
- Alignment between industry and distributors
- Tracking of distributor’s performance
- Better sales force management
- Daily operational reports for field sales reps
Key Benefits
- Reduced out-of-stock issues to better attend the consumer, thus generating greater brand loyalty and increasing sales and profits
- Optimized cash flow
- Increased inventory turns
- Strengthened relationship between the distributor and supplier through a collaborative process
- Enabled vital calculations of Key Performance Indicators (KPIs) with advanced tools to track performance
Advantages of NeoGrid Solution:
- Easy-to-use, web-based operating system
- Rapid implementation of programs, usually in less than 30 days
- Flexible reporting with simple graphical interfaces
- Automated data collection from any source
- Single interface supports multiple retailers and data formats
- Advanced analytics and business intelligence technology
- SMS and e-mail reports are sent directly to decision makers
Commercial EDI
NeoGrid Commercial EDI solution increases productivity throughout the commercial process, reduces operating costs and rework by enabling customers and suppliers to electronically exchange data and information in a standard, consolidated, transparent, and controlled way, thus reducing stock levels due to fewer errors, all without any investment in infrastructure.CHALLENGES
- Various channels used for receiving and sending documents (fax, e-mail, telephone, portals, etc.)
- Typing of all documents received per business systems (orders, invoices, order modifications...)
- Retyping of information in trading partner's portals
- Outdated information regarding the purchase status
- High margin of errors caused by manual work resulting in worn-out relationships with trading partners
- High risk of product stock-out due to lack of efficient communication
- Different file formats and layouts when exchanging information
SCOPE
NEOGRID Commercial EDI solution enables customers and suppliers to exchange information electronically through only one channel and including these features:- Exchange of orders and invoices
- Exchange of inventory and sales reports
- Document checking and validation
- Information traceability
- Special services, such as mappings, layout conversions, document duplication control, among others
BENEFITS
- Standardization of communication and documents among trading partners and financial institutions using just one channel of communications and format
- Reduction of time wasted on operational tasks
- Greater speed in processing
- Scalability to attend other business processes
- Improvement of the quality of offered and received services
- Decrease of administrative costs and tasks
- Reduction in stock levels due to fewer errors
WHY NEOGRID COMMERCIAL EDI?
- Greater visibility and traceability of information in real time
- Flexibility to send the documents' electronic data to trading partners
- Fully dedicated support (24x7x365), implementation, monitoring, product development and project management
- Extended knowledge through implementation in more than 80,000 companies
- Fast and easy implementation
- Easy integration with any management system
- Ability to adapt to any layout of sent or received documents among trading partners
- Scalability for serve different business processes
- Better communication among all trading partners
NeoGrid DataSync
NeoGrid DataSync solution helps retailers reduce the total time of product to market and minimizes out-of-stocks, phantom stocks, delivery delays, product returns and billing errors through the synchronization of information exchanged with suppliers via the Global Data Synchronization Network (GDSN), which allows sharing standardized information about new or discontinued products among all trading partners to ultimately guaranty product availability on store shelves, anytime.What is the Global Data Synchronization Network (GDSN)?
The GDSN is built around the GS1 Global Registry®; GDSN-certified data pools; the GS1 Data Quality Framework and GS1 Global Product Classification, which when combined, provide a robust and reliable environment for secure and continuous synchronization of accurate data.
With GDSN, trading partners always have the latest information in their systems, and any changes made to one company's database are automatically and immediately provided to all of the other companies who do business with them.
When a supplier and a customer know they are looking at the same accurate and up-to-date data, it is smoother, quicker and less expensive for them to do business together. The GDSN provides a single point of truth for product information.
CHALLENGES
- Lack of updated information causes sales losses
- Lack of accuracy of available data generates a great number of discrepancies between orders and invoices
- Delays in delivery, returns and order cancellations
- Invoicing errors
Solution Goals
- 50% more efficiency item and order management
- Out-of-stock reduced from 8 percent to 3 percent
- Lead time between order and invoicing reduced from 2 to 20 days
- Time to market reduced by 2 weeks
(Quotations: GS1, CGI, Cap Gemini, Ernst & Young)
HOW IT WORKS
NeoGrid DataSync enables the automation of data exchange in a safe and simple way, integrating your company to the GDSN by means of a data pool certified by GS1.
With NeoGrid DataSync the product's data between your company and your trading partners will always be updated in real time, thus preventing delivery delays, returns and order cancellations, while increasing sales by reduced of out-of-stocks. We also help eliminate invoicing errors and the catalog duplications, as well as send immediate information about new or discontinued products to anyone connected.
Already NeoGrid’s client?
If your company already uses some of NeoGrid solutions, the implementation of DataSync is even easier and quicker because all of our solutions use the same platform.
Benefits
- Revenue Increase - More products available on the store shelves
- Retailer satisfaction by closer relationship with trading partners
- Greater accuracy
- Reduction of returns and cancellations
- Reduced discrepancies between orders and invoices
- Faster introduction of new products and discounts
- Elimination of manual work
- Significant cost reduction
- Greater visibility to plan adequate stocks
- Compatibility with global standards (GS1)
- Reduction of the total lead time between order and invoicing
