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| [January 14, 2013] |
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Predictix Thinks Differently, Challenges the Status Quo to Give Retailers a Competitive Edge
ATLANTA --(Business Wire)--
Predictix will showcase its suite of highly differentiated Planning and
Merchandising and Supply Chain solutions this week at the National
Retail Federation (NRF) Conference and Expo, booth #975, Jan. 14 and 15.
Every aspect of the Predictix approach-from a fundamentally better
architecture and science to an adoption-focused implementation
approach-is designed to drive significantly better decisions across the
retail organization.
Predictix solutions are designed for the mission-critical decisions on
the front-end of retail, including Planning, Assortment, Pricing,
Promotions, Forecasting and Replenishment. However, unlike rigid,
traditional software solutions, Predictix takes a fresh approach by:
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Offering highly tailored solutions that fit each
retailer's unique business model and need.
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Providing a better understanding of consumer demand
as the foundation for smarter decision-making across the entire retail
organization.
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Driving solutions that nimbly evolve as the retailer's
business needs change.
Predictix is on the forefront of one of the most important trends in
retail today, as retailers seek new answers to their toughest problems
in a highly competitive era marked by Big Data, omni-channel retailing,
and an intense battle for the customer. As a McKinsey Global Institute
article pointed out, "radical customization, constant experimentation,
and novel business models will be new hallmarks of competition as
companies capture and analyze huge volumes of data"1-an
approach that is embraced by Predictix.
The Predictive Adaptive Platform for Intelligent DecisionsTM
is at the heart of the Predictix approach, with a cloud-based
platform that provides unprecedented scale and the ability to manage,
mine and process data volumes that were previously unachievable. The
platform includes a component library platform that encompasses
unlimited cloud-computing power, predictive analytics combined with the
latest forecasting science, and fully configurable processes. The
platform drives Predictix' tailored solutions that are uniquely suited
to each retailer's purposes and processes and that are designed for
rapid user adoption.
As a result, Predictix is helping retailers compete more effectively
with solutions that challenge the status quo in retail technology.
For example, the Merchants and Assortment Planning teams at one STORES
Top 10 retailer had very different needs for both deciding product/store
eligibility for future merchandise seasons, as well as managing the
current assortments week-to-week in-season. The retailer had large sets
of SKUs/stores to manage but also wanted to give their stores input in
their assortment decisions. The retailer selected Predictix as the only
vendor that was able to provide a single solution to recommend actions
in-season to maximize current assortment performance, while also
offering end-to-end pre-season assortment planning.
In another case, a Tier 1 specialty retailer needed to improve its
localized assortments and increase inventory turns, encompassing core
products, as well as, highly seasonal merchandise with a well-defined
selling period. Predictix was able to meet the retailer's precise needs
with Predictix Financial Planning, Assortment Planning and Item Planning
solutions that can adapt to a complex business model that includes
distinct needs across each of the retailer's channels, brands and
geographies.
"Predictix is proud to work with some of the most successful and
innovative retailers in the industry, and to deliver differentiated
solutions that can't be found with any other technology provider," said
John Simon, CEO, Predictix. "Predictix dares to think differently, and
we look forward to expanding the breadth and capabilities of our
solutions even further in 2013 and to helping our Predictix clients
compete even more effectively."
About Predictix
Predictix empowers retailers and brands to drive competitive advantage
and market differentiation through innovative planning, merchandising
and supply-chain solutions. The Predictix Adaptive Platform for
Intelligent Decisions™ leverages Big Data, sophisticated predictive
analytics, the latest high-performance retail science, and the unlimited
elasticity and computing power of the cloud. Our unified decision
support platform quickly enables retailers to gain real-time, accurate
insights that shape better decisions, improve agility, and reduce risk.
Predictix transforms the way decisions are made - allowing retailers to
create market differentiation and outperform the competition. Learn more
at www.predictix.com.
1 McKinsey Quarterly, "Are you ready for the era of 'big
data' ," October 2011

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