Q is the key to Grocery Success: Winning a highly competitive, complex vertical
Grocers have a unique set of challenges. The competitive landscape has become more volatile, consumers tastes and patterns have changed dramatically, and the focus to more ready-to-serve food makes an increasing part of their assortment perishable. Grocers need to understand how to best shape their business objectives and have advanced awareness to stock levels and selling behavior of every product at every store in their chain. That awareness comes from a mix of store strategy and technology.
Real-time demand forecasts to reduce waste //
Quantum’s Q, understands and considers the impact of potential waste on every inventory decision it makes, and balances that with the availability that the retailer shows the customer. Q considers waste not only in historical sales, but converts it into true demand forecasts which utilize local demand to decide how much inventory to place in each location to meet financial objectives and fulfill the demand appropriately.
Up to the minute reaction time //
Q analyzes the data and uses this understanding of sales, inventory positions and stockouts to create a very granular picture of demand and product behavior that allows Q to do a superior job of determining what the appropriate inventory support should be for each product in every store, even new products. Q projects that understanding forward to create a demand forecast and inventory recommendation going forward.
Advanced automated decision making //
Users are able to track stock, service level, price, promotional history, weather and over 30 dimensions of product behavior in Q’s continuous time environment, allowing users predict future performance. The system learns from these behaviors and can automatically make decisions based on the most profitable actions, highest service levels and business strategies.
Q offers grocers a proven and powerful solution that will quickly align their inventory, reduce waste and gain consumer insight. Grocers are also becoming more competitive with pricing, product and pack variety. As consumers scale back their purchases to more necessary items and better value, grocers need to understand how to best shape their business objectives and have advanced awareness to stock levels and selling behavior of every product at every store in their chain. That awareness comes from a mix of store strategy and technology.
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