Product Overview of Retail Solutions Inc. (RSi)
Retail Solutions Inc. (RSi) is a leading provider of advanced retail analytics and data management solutions designed to transform raw data into actionable insights, enabling Consumer Packaged Goods (CPG) manufacturers and retailers to make informed, profitable decisions.
What RSi Does
RSi specializes in collecting, harmonizing, and cleansing massive volumes of retail data, including point-of-sale (POS), inventory, and supply chain data. This data is then transformed into comprehensive and actionable insights that drive significant improvements in sales, shopper satisfaction, and overall profitability. RSi’s solutions are utilized by over 500 of the world’s leading manufacturers and retailers, operating in more than 300,000 stores globally.
Key Features and Functionality
Data Management
RSi’s data management capabilities are unparalleled, leveraging technologies such as stream ingestion, cloud hosting, and elastic computing to manage huge volumes of structured and unstructured data. This ensures that clients have access to real-time POS, inventory, and supply chain data for millions of items sold in over 50,000 retail locations worldwide.
Business Intelligence & Reporting
RSi offers two primary platforms for business intelligence and reporting:
- Retail Visibility (RV): Provides standard reporting capabilities through an easy-to-use Excel plug-in, enabling quick and automatic reporting to key stakeholders.
- Retail Intelligence (RI): Offers comprehensive, interactive reporting at the most granular level, including advanced analytics and graphical representations to present clear, actionable findings.
Key Business Areas
RSi’s solutions address several critical business areas:
- On-Shelf Availability/Out-of-Stocks: Uses advanced statistical algorithms to identify and correct out-of-stocks due to various issues such as phantom inventory, missing shelf tags, and inaccurate replenishments.
- Promotion Planning: Provides accurate demand forecasts to optimize store allocations, reduce shrink and inventory, and minimize out-of-stocks.
- New Item Launch: Manages the availability of new items at the store level during critical demand cycles to optimize new product introduction investments.
- Category Management: Uses store attributes and demographic data to create optimal item assortments and justify distribution expansion of high-performing items.
- End-to-End Forecasting: Manages demand across the supply chain, reducing out-of-stocks, unsaleables, freight costs, and distribution safety stock.
Retailer Collaboration
RSi enhances collaboration between retailers and manufacturers by providing insights into delivery and logistics performance. This includes specific solutions such as Delivery Compliance Visibility for Target and OTIF (On-Time, In-Full) Visibility for Walmart.
Advanced Analytics and AI
RSi’s solutions are powered by AI-driven tools, particularly its OSAPower suite, which includes a full spectrum of tools to diagnose, reduce, and prevent out-of-stocks. These tools deliver real-time, actionable insights and knowledge, giving clients a strong competitive advantage.
Integration and Accessibility
RSi’s solutions are integrated with other industry-leading platforms, such as IRI Liquid Data, providing seamless technology and data integration. This allows clients to access RSi solutions through a unified platform, delivering intuitive and results-oriented analytics in near real-time.
Conclusion
In summary, RSi’s product suite is designed to empower CPG manufacturers and retailers with the intelligence they need to flawlessly manage their on-shelf availability, sales, and supply chain operations, ultimately driving retail execution excellence, sales, and profits.