Analytics Champions

In a recent blog post, McKinsey & Company pinpointed seven technology-driven trends that are transforming the role of CIOs in the CPG industry to strategic enabler and differentiator.  One of these trends is “demand-driven supply chain management” to minimize inventory levels, improve service and reduce out-of-stocks. Having access to customer demand data gives the CPG company the ability to analyze and apply insights to their operations and share data with customers and distributors.  But McKinsey cautions that maintaining demand data analytics systems links with numerous retailer platforms could become highly complex and costly for CPG companies to manage. A demand intelligence system like LumiData’s SOLYS™ solves this problem. SOLYS can be configured to collect and analyze data from many different retailers, no matter the channel – helping all CIOs become Analytics Champions in their organizations. Read McKinsey & Company’s full insight here.

The  President and CEO of The JMC Retail Group, a business innovator and recognized leader in the Target rep group-supplier community, considers LumiData’s SOLYS™ Rep Group Enterprise Platform (SOLYS™ REP) a vital technology in the company’s future growth and profitability:

 “Our business is very fast-paced,” says Camille Thomas, JMC President and CEO, “We need to make sound decisions quickly and effectively, so the technology we use needs to be accurate, easily understood and actionable.

 “Technology has always been the backbone of the JMC business and we continually look to improve it. In 2015 we chose LumiData’s SOLYS platform as the latest advance in our technology portfolio. The visions of JMC and LumiData are closely aligned and our work together has been and continues to be, very collaborative. The LumiData team engaged and listened, filled our gaps and worked to help us meet every one of our challenges.

 “SOLYS is an excellent fit for the JMC platform. It delivers on every aspect of our analytics needs — from point of sale, to purchase order and commission analytics — and is the most scalable solution for our future needs. The amazing depth of information really resonates with us. We can drill down and dig much deeper by product and by retailer. The tools are user-friendly; we can create ad hoc reports quickly with great insights and accuracy. Not only do we analyze the reports internally, we are also able to share the insights with each of our clients and our retailers — a real game-changer for our future sales growth. Partnership and collaboration is the essence of JMC’s brand.

 “We’re just getting started using SOLYS and beginning to see the impact of sharing information on a deeper and analytical basis. The SOLYS system has influenced decision-making in sales, inventory management, segment analytics, trend analysis — I could go on forever. Our goal is to maximize every feature SOLYS makes available to strengthen our client and retailer relationships.”

 

LumiData has released the first of its kind complete analytics platform to improve the business performance of sales representating organizations. The SOLYS™ Rep Group Enterprise Platform (SOLYS™ REP) provides a modular, but complete one-stop software platform that allows local, regional or national sales-representing, brokerage groups to deploy a single fully integrated solution to manage three key business functions:

Totally Integrated and Modular
Together, the three SOLYS REP modules offer a flexible approach to the overall implementation and deployment of a complete business technology solution.  You can deploy any or all of the modules based on your need, priority and timing.

Download the full product announcement.

LumiData is pleased to introduce the first-in-class SOLYS™ automated Target POS data loading capability for users who work within LumiData’s hosted environment and utilize our Managed Services. Target Automated Data Download (TADD) enhances and extends the capabilities of LumiData’s POS data acquisition software tier, which is now available as an integrated Managed Services offering.  

TADD overcomes Target suppliers' current issues of using Merch IQ and BPD by offering the major product functions and features:

  • Automated POS Downloads – meaning user-independence, error free, system-controlled processing
  • Scheduled Downloads –– large data downloads are flexibly scheduled to streamline and increase your team’s reporting performance
  • Advanced POS Validation – offers built-in intelligence to avoid latency and correct mistakes,

Learn more about TADD benefits and how to deploy the service. 

In the latest issue  of the CGT Roadmap, LumiData's Chief Analytics Officer Bruce Erickson shares his insights on the latest trends in in retail execution and how BI solutions can easily fill in the gaps in retailer systems.