Soft Solutions´ ibs ANALYTICS, delivered to support Soft Solutions´ retail business applications (ibs PRICING, ibs PROMOTIONS, ibs ASSORTMENT, ibs STORE Replenishment), is used to generate sales forecast, assortment, replenishment, pricing and promotions optimization.
ibs ANALYTICS takes advantage of the Non Parametric Model to provide faster computation time and more accurate results compared to the usual techniques used in the market today. The engine benefits from data quality as the intelligence is embedded inside Soft Solutions´ robust Master Data Management and Information Warehouse platform enriched by advanced data cleansing techniques.
"Soft Solutions´ unique analytics engine safeguards the accuracy of its business application, as it is an embedded module inside ibs RETAIL BUSINESS SUITE," declares Gilles Goldenberg, Global Vice Chairman for Consumer Business Industries at Deloitte.
ibs ANALYTICS is currently being implemented by CVS/Caremark and Canadian Tire Retail (CTR) upcoming pricing and promotions optimization projects.
The engine takes into consideration retail issues related to slow movers, seasonality, elasticity and new items for the various retail segments such as food and non–food sectors. More than 90% of accuracy rate is reached for sales forecast at a category level despite imperfect data.
A dedicated retail analytics department including world–renowned PhDs in mathematics, statistics and data mining spearheads the development of Soft Solutions ibs ANALYTICS. The team of specialists is lead by Dr. Bechara Hanna, PH.D. holder in Statistics and Econometrics, who worked for multinational organizations such as UNDP, GTZ, National Bank and World Bank.
"ibs ANALYTICS, by providing advanced forecasting sales and optimization to answer assortment, replenishment, pricing and promotions needs, saves retailers´ time, enhance profits and reduce inventory problems, specially the slow mover items," declares Dr. Hanna, Statistics and Econometrics specialist at Soft Solutions. "Our aim is to provide better models with higher accuracy than complex method used nowadays by the market. We take advantage of faster computing abilities to propose retailers´ on–the–fly simulations in order to reach the real–time optimizations," adds Dr. Hanna.
ABOUT SOFT SOLUTIONS
Soft Solutions is a leading provider of web–based retail merchandise management and decision support software. Its clients are multi–divisional, multi–format Tier 1 retailers and manufacturers including Carrefour, CVS, Canadian Tire Retail, Capelli New York, Mosmart, Auchan, Group Louis Delhaize, B&Q, Kingfisher, Pinault–Printemps–Redoute, and Galeries Lafayette. With consistent delivery of measurable top and bottom line business results, Soft Solutions is uniquely positioned to provide global best practices and industry–leading solutions for the fast paced, competitive environment of retailers worldwide. For more information, please connect to www.ibs–softsolutions.com.
ABOUT DELOITTE
"Deloitte" is the brand under which 165,000 dedicated professionals in independent firms throughout the world collaborate to provide audit, consulting, financial advisory, risk management, and tax services to selected clients. These firms are members of Deloitte Touche Tohmatsu ("DTT"), a Swiss Verein. For more information, please connect to www.deloitte.com
