Predictix has announced that Best Buy has successfully deployed merchandise financial planning and item planning applications from Predictix in Mexico and China as part of a broad international rollout. Best Buy selected Predictix merchandising solutions for all of its international operations, and deployment is currently underway in the United Kingdom and Turkey.
The Predictix planning applications design supports Best Buy as the retailer accelerates its growth in the global marketplace. Predictix allows Best Buy to have a consistent, company-wide best-practices approach to planning, while maintaining the flexibility to easily configure the application to each country's local needs. The Predictix unified merchandising model also appealed to Best Buy; while the retailer's current rollouts focus on planning, other modules within the Predictix suite can quickly and easily be added as needed, providing a unified view across all merchandising decisions.
Best Buy also realized implementing traditional merchandising applications, beyond the high up-front expense of licensing and implementation, would require costly investments in data centers and IT personnel, and would take years to roll out internationally. In contrast, Predictix is suited for rapid international deployment, as it delivers enterprise-class merchandising solutions in a software-as-a-service (SaaS) model, with no large up-front investments.
"Predictix enables Best Buy to support our international growth with highly sophisticated planning applications, and without the hefty investments and lengthy timelines of the traditional enterprise software model," said Neville Roberts, CIO, Best Buy. "After considering all of the options available to Best Buy, we selected Predictix - and our decision has been borne out by the success we are already seeing with our initial deployments."
- Merchandise Financial Planning: Integrated item planning enables top-down/bottom-up visibility, with a fully connected process between merchants and demand planning.
- Item Planning: Complete visibility to top-down plans allows a more precise Open to Buy; Predictix planning also provides the ability to plan purchase order quantity and auto-execute to Best Buy's SAP enterprise application with no re-keying.
- Consistent Planning Processes: With Predictix planning, Best Buy can eliminate the disparate spreadsheets used in each country, replacing them with a disciplined, end-to-end planning process.
Predictix brings to the market the first and only unified, enterprise-class SaaS merchandising suite, encompassing planning, assortment, pricing, forecasting, and replenishment. Predictix eliminates the silos that exist between traditional, disparate merchandising applications, allowing retailers to understand how every decision impacts each different area within merchandising.
"Predictix is delighted to deliver enterprise-class merchandising solutions to one of the most successful and renowned global retailers, and to support Best Buy's international growth," said Molham Aref, CEO, Predictix. "The Predictix applications and business model are uniquely suited to support Tier One retailers in their international expansion strategies, and Predictix looks forward to continuing our global rollout with Best Buy."
