Better Retail/Supplier Collaboration for Smarter Decisions and Measurably Better Business Results.
True collaboration — in which retailer and supplier teams work in lockstep and use shared analytics to inform and improve critical merchandising business processes — has the power to transform the retailer/supplier relationship.
During planning, better collaboration allows for improved communication, alignment around shared goals, and the development of better plans with lower risk and more accountability.
During execution, better collaboration enables more coordinated decision-making, improved efficiency, real-time tracking of results, and earlier detection and correction of potential problems.
Through better collaboration, retailers and suppliers are able to jointly gain new insights and seize a myriad of new opportunities – dramatically improving sales, margins and the overall shopper experience.
Until Market6®, there hasn’t been a collaborative retail analytic solution designed for the realities of everyday retail operations. Traditional approaches are:
- Too Fragmented. Differences across data and systems make it difficult, sometimes impossible, to create and share a single set of complete data. No “single version of the truth.”
- Too Slow. Data is delivered too late to be actionable in the fast-paced world of retail operations.
- Too Backward-Looking. Lack of predictive modeling capabilities that enable smarter, more forward-looking decision-making.
- Too Cumbersome. Manual processes are labor-intensive and time-consuming. Lack of standardized, collaborative planning framework and workflow automation tools.
Market6® provides web-based retail collaboration applications with advanced analytics built-in that help retailers and suppliers work together more effectively to drive insights, make smarter decisions and deliver measurably better results.
- Market6® standardizes the ways retailers and suppliers work together, allowing best practices to be used consistently across the business — across groups within the merchandising organization and across suppliers.
- Market6®provides a shared set of tools and analytics to analyze past results, set goals, develop future plans and tactics, and track execution.
- Market6® makes collaboration smarter and more forward-looking by embedding predictive analytics into the analysis, planning and tracking processes, allowing business users to effortlessly incorporate analytic driven insights into their decision making.
Ultimately, Market6® enables more retailers and suppliers to realize the benefits of collaboration to dramatically improve sales, margins and the overall shopper experience.