MINNEAPOLIS--()--Quantum Retail, provider of the most advanced retail merchandise optimization systems currently available, has released the latest update to its core platform, Q. The update provides advanced execution for complex supply chains, eCommerce, and enhanced order planning and forecasting that allows planners to manage at the day level for short life products and up 18 months in advance for long life products, with the ability to recalculate distributions based on the most recent localized demand data ensuring extremely accurate allocation and replenishment.
“This latest release incorporates some important improvements to an already highly robust software offering and we will continue to improve Q to ensure our customers have the benefit of utilizing the most advanced merchandise optimization system available.”
Specific changes in this new version include:
- Multi supply chain support gives flexibility in order planning and distribution for retailers with complex supply networks and methods, such as Vendor to National Distribution Center (DC), Vendor to Regional DC, National DC to Regional DC, etc. to move stock as quickly and efficiently as possible, reducing the risk of missing a sale due to unplanned circumstances. Q now supports direct to store orders and allows users to view order quantities by location in order to get the right quantity to every local store as soon as it is needed.
- eCommerce integration enables retailers to easily manage and integrate eCommerce inventory, warehouse or vendor availability and distribution alongside physical store locations. This permits retailers to maintain availability, so that high demand products do not go out of stock either in-store or online.
- Enhanced order planning and forecasting allow planners to forecast and manage short life products at the day level while users can also change to a week view and manage forecasts and order plans for 18 months out for longer life products. Planners can also test "what-if" scenarios, with the ability to change quantities as late as time of receipt based on the most up to date demand data. This means retailers are able to easily and accurately manage the real-time demand for their inventory all the way down to the local, individual store level with the Q system.
“We took extensive feedback from customers into account when implementing the latest changes to Q,” stated Morgan Day, CTO of Quantum Retail. “This latest release incorporates some important improvements to an already highly robust software offering and we will continue to improve Q to ensure our customers have the benefit of utilizing the most advanced merchandise optimization system available.”
About Quantum Retail Technology, Inc.
Quantum Retail answers the new questions facing retailers with a merchandise optimization suite designed for the increasing pace and complexity of the consumer revolution and today’s competitive landscape. Quantum Retail’s award winning solution, Q, solves the most difficult and costly problems retailers face – quickly and permanently.
Q is the new answer for: Forecasting and Order Planning – Replenishment and Allocation – Assortment and Range Planning.
For more information visit http://quantumretail.com. Follow Quantum Retail on Twitter at http://twitter.com/quantumretail.
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