NeoGrid Releases On-Shelf Availability (OSA) Solution in North America
Available on company's cloud-based supply chain management platform, OSA Solution identifies root causes to prevent out-of-stocks, while driving collaboration between manufacturers and retailers
CHICAGO - May 16, 2016 - NeoGrid, a global technology provider of end-to-end supply chain management solutions, announces the release of its On-Shelf Availability (OSA) Solution in North America. Now available on the company's cloud-based supply chain management platform, NeoGrid's OSA Solution uses root-cause analytics to prevent out-of-stocks (OOS), while driving collaboration between manufacturers, retailers and suppliers. NeoGrid is showcasing the solution at the 2016 Gartner Supply Chain Executive Conference.
Within a single, integrated platform, NeoGrid's OSA Solution provides advanced OOS management capabilities, allowing manufacturers to ensure product availability on store shelves by identifying and addressing the root causes of unavailability. The solution takes into consideration inventory levels and actual/expected sales to calculate the probability that an item will become out of stock. Then, the solution uses granular data sets to predict the root cause of the OOS situation and allows the user to take action. As a result, manufacturers can increase sales, strengthen relationships with retailers, better meet demand and improve customer satisfaction.
Paris Gogos, VP product and marketing, NeoGrid