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Industry News - January 16th, 2009

 

RETAIL AND TECHNOLOGY NEWS


Micros-Retail, Retail Equation Speed Return Optimization Integrations 

Micros-Retail and The Retail Equation partner to extend The Retail Equation's Verify-1 and Return Rewards solutions to MICROS-Retail's diversified international customer base.

Through this alliance, The Retail Equation's applications are integrated into MICROS-Retail's Store21 point-of-sale application, and are scheduled for integration into the Xstore and Tradewind POS products. Retailers benefit from the integration into The Retail Equation's return optimization functionality directly through the POS to store associates via simple on-screen prompts.

The Retail Equation's Verify-1 software system is designed to identify return fraud and abuse, a $15.5 billion per year problem in the United States. As part of the Verify-1 service, The Retail Equation is contracted by retailers to gather their return information, store it securely, and analyze the data to develop and follow return policies for those retailers. Return Rewards is an intelligent system designed to provide incentive to the customer to continue shopping in the store once a return transaction is complete.


 

Manthan Systems and LakeWest Group Form Strategic Partnership in Retail Merchandise Planning

Manthan Systems announces a strategic partnership with LakeWest Group to offer Manthan's ARC Merchandise Planning system to US retailers.

With capabilities such as allocation and assortment planning, grading and clustering, range planning, forecasting and optimization, OTB management for seasonal and non-seasonal merchandise, ARC Merchandise Planning provides planning capabilities in retail merchandising.

"We're excited with our partnership with Manthan," says Ken Morris, president and CEO of LakeWest Group. "With our mutually complementing capabilities and our strong common background in providing retail solutions, this partnership will look to equip US retailers with superior planning and decision making capabilities to optimize business performance, compete better, and create significant customer value."


 

Revionics, Planalytics Integrate Weather-Based Demand Intelligence

Planalytics and Revionics partner to incorporate location and product-specific weather intelligence into the Revionics price optimization solution.

The partnership offers joint customers seamless integration of Planalytics weather-driven demand indices into the Revionics Advanced Pricing Solution (RAPS), which helps retailers further tune pricing decisions to match localized consumer buying behavior.

The Revionics price optimization offering applies sophisticated demand intelligence and retail pricing science to retailer data to arrive at optimal price recommendations for everyday, promotional and markdown prices. The Planalytics integration of weather data into the Revionics solution provides retailers with planning tools and insights into where and how much weather will influence demand.


 

Loblaw Selects RedPrairie Workforce Management

Loblaw adds the Workforce Management (WFM) application from RedPrairie to its stores across Canada. The system will manage over 120,000 store associates.

The RedPrairie WFM provides Loblaw with visibility into workforce operations, directing time and attendance, business forecasting, workforce demand planning, automated optimized scheduling, staff self-service, dashboards with configurable alerts, and computer-based training.

"RedPrairie has experience in the grocery industry," says Catherine Booth, senior vice president, IT, Loblaw Companies Limited. "We needed a proven solution to meet our requirements, while providing an easier tool for our managers and colleagues."


 

OKI Printing Solutions Introduces the MC860 A3 Color MFP Series

OKI Data Americas launches the MC860 A3 color multifunction printer (MFP) series. The series delivers A3, wide-format color MFP functionality with flexible media handling and high-definition (HD) color output. This series enhances in-house tabloid color printing, copying, scanning and faxing for businesses of all sizes. Businesses can increase productivity with a color MFP that delivers A4 and A3 capabilities.

The MC860 A3 color multifunction printer (MFP) series includes:

- Wide-format color MFP in its class to offer A3 capability for copying, printing, faxing and scanning in an A4 footprint and price point

- This MFP offers HD Color and Single Pass Color technologies for color output on a variety of media - producing vibrant color

- HD Color Output on a variety of media and 48''  banner support

- Print, copy, scan and fax up to tabloid-sized media in one space saving device; supports consolidation initiatives

- Compact size/footprint; A3 Color MFP can sit on top of a desktop

- Fast print/copy speeds of 26 ppm in color and 332 ppm in black-and-white that helps improve office efficiency and productivity to maximize small to medium workgroup performance

- Scan to USB Flash Memory Stick, PC, fax, FTP, folder and e-mail

The series helps retailers create high-quality, color output in-house and on-demand. Models help allow users to print media from cards to tabloid-sized media in a space saving and affordable package, while utilizing the standard copy, scanning and faxing functionalities.


 

Galleria Launches Promotional Display Optimization System

Galleria Retail Technology launches its automated Promotional Display Optimization system, a new technology that helps retailers generate store-specific end-cap display plans to optimize inventory for promotions. With the ability to create automated plans on a store-by-store basis, users can experience increased sales, improved in-store execution and reduced end-of-promotion inventory.

Galleria's solution includes features such as the ability to select store-specific items, so merchandise can meet local demand. Retailers also have the ability to produce precise planograms using a template that reflects individual store allocation and assortment needs but still maintains the centralized promotion strategy.

Because the solution collects data from all plans centrally, retailers can continuously analyze their strategic approach to determine what works best. Furthermore, Galleria's Promotional Display Optimization solution includes analytics capabilities enabling customers to determine which categories will perform best on end-cap displays.

The capabilities required for Promotional Display Optimization can be leveraged through interconnected processes from a retailer's internal resources or as a service from Galleria. Users also can employ their existing manual space plan application or Galleria's to help ensure that the display strategy is consistent across all plans and enables local flexibility. In addition, final display plans can either be sent to stores in a PDF format or translated to comply with existing databases and publishing systems. This publishing feature also populates Galleria's reporting database to enable cross-planogram and cross-promotion analysis.
 
 

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