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Revionics Launches Inventory Optimization System

12/29/2009
ROSEVILLE, CALIFORNIA, December 28, 2009: Revionics, Inc., a leading provider of full lifecycle price optimization and consumer demand management software, announces the launch of RAPS Replenishment in advance of the National Retail Federation (NRF) Big Show in New York City, January 10-14, 2010.   RAPS Replenishment, the newest capability in the Revionics Advanced Pricing System (RAPS), is a comprehensive inventory management and order optimization solution that leverages the power of Revionics integrated demand forecasting.   The system is highly scalable, serving retailers of all sizes and lines of trade, and is offered on a Software-as-a-Service (SaaS) platform.

In this tough economy, retailers are looking for new ways to free up working capital trapped in non-value-adding inventory while simultaneously reducing out-of-stock situations, especially those situations tied to promotional activities.   Revionics’ industry-leading, highly accurate forecasting science is uniquely qualified to help retailers address both issues because the system accounts for demand-influencing factors such as everyday, promotional, and markdown prices, seasonality, holidays, inventory supply and demand, cross-item product relationships, weather, competitor behavior, and more.

Retailers can expect to benefit from the RAPS Replenishment system with a reduction in store-level inventory by 20-30%, fewer lost sales due to out-of-stock incidents,  lower shrink and spoils, while improving stock rotation.

The RAPS Replenishment system includes three primary components:

• Inventory Management:   This component maintains store-level perpetual inventory.   It offers a fully integrated receiving system capable of tracking inbound shipments from the warehouse or from Direct Store Delivery (DSD) vendors.   The solution also integrates with Point-of-Sale (POS) systems or back office systems to monitor sales on either a trickle feed or periodic batch basis.   RAPS Replenishment supports physical inventory counting as well as computer-directed cycle counting.
• Forecasting & Optimization:  This component generates optimal order quantities based on integrated forecasting, inventory levels, and a real-time recognition of order status.
• Order Management:  This component produces Computer Generated Orders (CGO) or Computer Assisted Orders (CAO) that allow the user to review and modify order quantities before submission.   The system also supports manual order entry through customer-defined order templates.  Retailers can consolidate or parse orders to separate vendors, track order status, and manage changes.

In addition to the primary components listed above, the solution will enable retailers to manage, automate, and optimize the following activities:

• Allocation from Distribution Centers:  Retailers can plan and distribute orders to locations based on that store’s ability to effectively sell the product.

• Vendor Order Optimization: Retailers can “buy in” on expiring promotions or in advance of vendor price increases.   The system supports bracket purchasing, always balancing inventory needs with the financial incentive to buy and hold more inventory at store level.

RAPS Replenishment can be deployed as a standalone suite or together with the Revionics price, promotion, and markdown optimization modules.  It can also be integrated with other third party modules that a retailer may already have installed.  Learn more about Inventory Optimization at www.revionics.com/inventoryoptimization.aspx.  

“This new module is a natural extension and complement to our lifecycle price optimization capabilities.   Our role in helping our customers is expanding beyond just defining the right price, promotion or markdown,” said Todd P. Michaud, President and CEO of Revionics, Inc., who added,  “We are now leveraging best-in-class integrated forecasting capabilities to help our retail clients better manage how much inventory they need on hand to satisfy consumer demand.”

About Revionics, Inc.
Revionics delivers the most advanced predictive pricing, promotion, markdown, and inventory optimization system available to retailers. Our technology leverages an integrated forecast, enabling a coherent view of customer demand across all decision areas.  Our proprietary approach, Revenue Bionics™, applies advanced analytics and science to predict customer behavior, empowering retailers to make faster, informed decisions, improve customer loyalty, and achieve their overall financial objectives. Our solutions are delivered on a modern, fully scalable, pay-as-you-go, software-as-a-service platform.  More than 100 clients in retail grocery, automotive, drug, building materials, convenience, general merchandise, and discount stores rely on Revionics.  For more information please visit www.revionics.com.

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