Quantum Retail Technology, Inc. announces Quantum Intelligence and release of Q v1.0.
Jul 8, 2006 | 18:00
CARLSBAD, California Jul. 8 /PRNewswire/ -- Quantum Retail Technology Inc., a leading provider of adaptive retail merchandise management software, announced today the availability of Q, an innovative software tool and approach that allows retailers to manage their inventory investment to its fullest revenue and profit potential. Quantum Retail has designed Q as a bolt on application designed to continuously optimize inventory productivity for every item in every store by working in unison with existing allocation, replenishment and order management systems.
Q is unique in that it allows merchants and planners to optimize product inventory levels in the way they are accustomed, by considering an items role, goals and strategy within the assortment or category. Q translates these merchandise and financial goals (along with product behavior, demand and other variables) into optimal inventory levels for each store-item in the chain on a daily, weekly or monthly basis. Through exception management, Q will notify an end user if an item is unable to meet its assigned goal or if the item is capable of exceeding its goals with more inventory or shelf space.
"The art behind what a retail merchant does is in making merchandising and assortment decisions by understanding both why an item is in the assortment or category and how they expect it will perform and contribute to merchandise and financial plans" said Morgan Day, Quantum Retail's CEO. "Q leverages the art of retail merchants and facilitates inventory execution to ensure their targets are met, even in the fast changing business of retail", said Day.
The result is continuous inventory efficiency and improved sales, profit and customer service. By using Q in concert with exiting inventory processes and systems, retailers can expect:
- Sales increase of 3-5%
- Stock outs reduced by as much as 30-60%
- Reduced excess inventory by up to 30%
- Order acceptance increase by 15-20%
"Q uses a proprietary approach that has been designed to be highly accurate and responsive to changing inventory needs. However, a guiding principle in our research and development was to make Q practical and useable for non scientists", said Dr. Linda Whitaker, Chief Scientist for Quantum Retail. "Q makes available for all retailers the unfair advantage that only a few have enjoyed until now" Whitaker said.
Q is available as an annual subscription and Quantum Retail offers low impact pilots to ensure value delivery and align the investment with the benefits delivered and rapid ROI. It can be deployed in either hosted or customer deployed environments.
Retailers seeking more information or a demonstration may contact Mike Hrabe, Quantum Retail Technology, Inc. at mike.hrabe@quantumretail.com or visit www.quantumretail.com
About Quantum Retail Technology, Inc.
Quantum Retail Technology, Inc. is a leading provider of software solutions that enable demand driven supply networks. Quantum Retail solutions maximize sales, profits and customer satisfaction while continuously aligning inventory in stores and the supply network to dynamic consumer demand. Based on an innovative retail science and technology, these responsive and flexible systems allow retailers to optimize inventory availability and supply network performance with low risk and high ROI. For additional information related to Quantum Retail products or services, send email to info@quantumretail.com, or visit the Quantum Retail web site at www.quantumretail.com