COLLABORATION THROUGH DATA ANALYTICS
RSi and Family Dollar have been partners since 2013, with over 60 CPGs invested in the collaborative program, working jointly to develop a best-in-class collaborative business intelligence program. This program provides one version of the truth for Family Dollar and its suppliers to strengthen relationships, work collaboratively toward measurable business goals, utilize scorecards to measure the overall health of the business and focus on the highest ROI activities.
Included in this program are near real-time store level inventory, point-of-sales (POS) data at the store/item level, as well as category data. This granularity provides suppliers with greater visibility into consumer demand, enabling increased collaboration with Family Dollar and provides consumers with the highest service levels.
Retail Solutions automates data integration, attribution and reports, cleanses and validates the data, and then helps suppliers focus on collaborative business processes that will drive the most value. RSi and Family Dollar continue to collaborate on a daily basis to identify and implement new data elements to grow and elevate the program’s success.
ABOUT THE PROGRAM
Family Dollar encourages suppliers to explore this program and participate. Subscription and activation take only a few weeks, and do not require lengthy IT projects. The POS and store-level inventory data are made available through a Retail Data Management solution that provides a robust data warehouse and easy-to-use tools for suppliers to access and analyze the data by product, by day and by store. Supplier data is cleansed and validated so that the data format is standardized and raw POS data is transformed into actionable information for your business process.
Suppliers have access to both training and expert consultants to help interpret the data and leverage reports for optimal results.