Software facilitates merchandise allocation process.
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Press Release Summary:
AllocationXpert(TM) helps retail firms make allocation decisions and optimize revenues while minimizing markdowns. Through Learning Interface, software learns proven decision-making practices of retailer's top allocators and makes recommendations similar to what top performers would do in similar situations. When finished, allocator seamlessly moves data into retailer's existing allocation system for execution.
Original Press Release:
Applied Intelligence Solutions Improves Merchandise Allocation Process with New Business Intelligence Software
- AllocationXpert(TM) Helps Retail Firms Improve Merchandise Allocation Decisions, Minimize Costly Markdowns and Boost Revenues -
BOULDER, Colo., Nov. 9 - Applied Intelligence Solutions, LLC (AIS) announced the release of AllocationXpert(TM), a new business intelligence solution that optimizes merchandise allocation for retailers.
AllocationXpert learns the proven decision-making practices of a retailer's top allocators and makes recommendations similar to what these top performers would do in similar situations. For the first time, retailers are now able to leverage the knowledge and expertise of their best allocators for all allocators in the organization. With AllocationXpert, retailers have the ability to make better allocation decisions, driving significantly higher top-line sales while minimizing costly markdowns.
AllocationXpert represents the 'next generation' of allocation system automation and complements existing allocation systems (homegrown or from other vendors) by providing powerful business intelligence not previously available. Through its Learning Interface, AllocationXpert learns how a retail firm's top performing allocators allocate merchandise across a wide variety of situations that occur in today's dynamic retail environment. The AllocationXpert software makes recommendations comparable to the decisions that top performing allocators would make in similar situations, and provides the tools necessary to optimize each allocation. When finished, the allocator seamlessly moves the allocation data into the retailer's existing allocation system for execution.
"Allocation decisions are the last step in a series of lengthy planning processes for retailers. No matter how well a retailer plans, selects and sources their merchandise, the last critical step is the allocation of merchandise to their stores. By optimizing allocations through leveraging the expertise of top performers, retailers can drive significant sales increases while eliminating unnecessary markdowns," said Jim Dixon, President of AIS. "AllocationXpert enables every allocator to perform as well as the top performing allocators in the organization."
Tom Friedman, founder and President of Retail Systems Alert Group, a well-respected, worldwide authority on retail, e-commerce, and supply chain technology agrees. "Retail systems in the past have done little to assist retailers in optimizing the allocation of merchandise. Most chain retailers don't transfer merchandise between stores because of the effort and costs involved, so the allocation decision is critical. I don't know of another company with this type of technology today. Intelligent, learning systems like AllocationXpert will play a huge part in shaping the future of retail systems development."
AIS supports the deployment of AllocationXpert with an experienced professional services organization. The Professional Services Group helps ensure maximum value and satisfaction for its customers by taking into consideration each retailer's unique decision-making patterns and merchandising environment.
About Applied Intelligence Solutions, LLC
Applied Intelligence Solutions, LLC (AIS) offers business intelligence solutions that replicate expert human decisions, providing firms the ability to automate and significantly improve the quality of decisions across their organizations. Improving decision quality yields significant improvements in top-line revenue, bottom-line profit and employee productivity. AIS is headquartered in Boulder, Colorado, with Research and Development facilities in Moscow, Russia. For more information visit the company's web site at www.aisllc.com.
AllocationXpert is a trademark of Applied Intelligence Solutions, LLC. All other trademarks and trade names are the property of their respective owners.
CONTACT: Stacy Kamigaki of Applied Intelligence Solutions, LLC,
+1-303-381-4130, stacy.kamigaki@aisllc.com
