New technology provides a “short cut” to becoming a highly efficient, shelf-connected enterprise.
New cloud platforms have been engineered from a detailed data representation on up to provide massively scalable performance and enable business processes that would otherwise not have been feasible.
In a shelf-connected system, virtually all information latency between trading partners, from the downstream retailer all the way upstream to the tier 2 supplier can be eliminated, along with greatly reduced supply variability and associated inventory and transportation costs.
Yet although there are many potential benefits of a shelf-connected system for CPG companies and retailers, there are still very few real time multi-party, multi-echelon retail solutions in the market that can enable such a system.
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