October 4, 2012
SAP announced its new solutions for real-time analytics that help retailers achieve visibility across channels, according to a company press release.
The SAP Planning for Retail rapid-deployment solution enables real-time demand-driven and multi-year budget projections, while the SAP rapid-deployment solution for shopper insight delivers pre-built analytics powered by the SAP HANA platform in both mobile and Web formats, the announcement said.
The products also produce detailed sales projections that can define corporate budgets three to five years in advance, giving retailers the foresight to better guard against overstock and shortage scenarios while offering a more enticing mix of products and prices per channel and store, according to the release.
"Retailing today is all about real-time data but many planning solutions cannot pull it off," said Barry Adam, solution director, SAP Planning for Retail. "SAP Planning for Retail is the ideal solution because it delivers pinpoint demand and financial forecasting out-of-the-box with end-to-end functionality. Retailers finally have a better option than using Excel as their principal planning tool."
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