TO DRIVE REVENUE FOR RETAILERS AND SUPPLIERS
SAN DIEGO, CA – December 3, 2010 - WIS International and Fifth Dimension today announced a strategic alliance to provide Space Management Solutions to retailers and consumer packaged goods companies. Fifth Dimension’s Store Plan HQ is the first software platform that offers an integrated solution to manage store auditing, space allocation, planogram optimization and thin client collaboration from one central easy to integrate system, based on Microsoft standards. WIS International has developed integrated data collection and maintenance services that seamlessly populate Fifth Dimension’s software with existing store layouts and dimensions to allow retailers to optimize space allocation across their entire chain. This unique combination of innovative software solutions and data collection services will enable clients to rapidly deploy Fifth Dimension Store Plan HQ to reduce costs and increase sales and profits.
Sean Davoren, president and CEO of WIS International is pleased to announce the alliance stating, “Fifth Dimension is an innovative provider of space and category management software that brings ground-breaking new tools to evaluate the impact of store layout on a company’s overall financial performance. Pairing these capabilities with WIS International’s trained workforce and real-time data capture systems will provide our customers with an accurate database to facilitate on-demand decision making.”
Michael Letchford, CEO of Fifth Dimension Ltd. said, “Fifth Dimension’s StoreMapper application, coupled with WIS International’s expert in-store auditing teams, provides the best in class capabilities to rapidly create new store plans, or validate existing layouts, to unprecedented levels of accuracy. This unique combination of StoreMapping / Auditing software enables both retailers and CPG manufacturers to maintain a “Single Version of the Truth” for store layouts, category adjacencies and merchandise compliance audits, validating or creating updated “intelligent” store floor plans on the fly. Fifth Dimension’s StoreMapper and StorePlanHQ software linked with WIS’s global resources and long established excellence in store auditing provides a value proposition that is unmatched in the industry.”
About WIS International
WIS International is one of the most trusted and experienced inventory and data collection service companies in the world. The company utilizes proprietary technology and skilled workforce to provide physical inventory counting, merchandising and data collection services to the majority of leading retailers across the globe. WIS International has over 57-years of continuous operations, 12,000+ employees and 220 world-wide offices. WIS International helps customers by increasing accuracy, reducing costs and saving management time. For more information, please visit [url=http://www.wisintl.com/v2/space-allocation.php]http://www.wisintl.com/v2/space-allocation.php[/url] or call 1-800-888-8210.
About Fifth Dimension
Fifth Dimension is the leading provider of automated store planning, macro space optimization, merchandise planning, planogram automation, virtual store technology, shopper insights and data analysis at every level of store data. Fifth Dimension’s software solutions also allow collaboration between HQ and store personnel to deliver the highest level of compliance in the real world implementation of corporate strategies throughout a portfolio of stores. Data analytics and automated design features allow clients to fully optimize store and merchandise planning initiatives in advance of costly in-store execution. Many leading global retailers have recognized the value of Fifth Dimension’s solutions and have or are in the process of implementing StorePlanHQ software. For more information, please visit www.fifth.uk.com.
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"Wal-Mart Stores, Inc. truly supports and values the partnership built with WIS. WIS has a continuous focus on professionalism, leadership development, efficiency and accuracy. With improved accuracy and efficiency year after year, WIS has raised the bar in regards to inventory standards. Teams have shown impeccable accuracy results and exceptional customer service ratings from Store Managers."
Brandy S. Reese
Internal Audit Manager
WIS International has been an inventory service provider for Family Dollar Stores, Inc. since 2002. We have been very satisfied with their performance and have increased their market share accordingly. They have been extremely responsive to our operational and technology needs. I would gladly provide a positive reference regarding their service.
Director of Inventory
Family Dollar Stores, Inc.
"I wanted to thank you and W.I.S. for your quick responses to our request for assistance following Hurricane Ike —even when it involved a market that you do not normally service. I appreciate your sense of urgency and follow-through.
Thanks again for your continued partnership and your team’s rapid help in trying situations."
Retail Operations-Project Manager
In-Store Shrinkage Awareness & Inventory Processes
"Congratulations on the near perfect results on our recent Annual Inventory Review. WIS has worked tirelessly to provide best in class service to CVS and that effort was rewarded. Your teams are always well trained and properly staffed and this was reflected in the excellent results reported on our Annual Inventory Review. I would like to thank everyone at WIS for all their hard work and for making the inventory process as easy as possible for our operations people."
Director of Inventory Control
Thank you for your efforts you and your team have made in partnering with us in fulfillment of our third-party needs. Your commitment to continual improvements have been well received within our department and the company as a whole.
According to Gary Galavotti , Operations Manager with WIS International, “We’ve worked closely with CHEP to establish service metrics for their inventory projects. It’s been a collaborative process and has helped us to meet and exceed CHEP’s project requirements. We’ve both been pleased with the results and are looking forward to continue to provide excellent service to CHEP.”
WIS’ focus on training, accuracy, cost containment, and timeliness are all significant facets of the inventory process. As opportunities have arisen, your organization has shown your dedication to providing a quality product. Your responsiveness is certainly appreciated.
Customer Inventory Manager
"As we enter into our sixth year of working together I want to stop for a second and say thanks. When we began the process of auditing our inventory with an outside firm I had concerns about quality and accuracy, but WIS has been a great partner to our operations group and to our corporate team. WIS continues to quickly meet our service needs and our custom technology needs with quality and accuracy. So, thanks again for the work you do!"
Director Loss Prevention
Golf and Tennis Pro Shop
“Thank you for everything you and your teams have done to help us prepare and execute our first inventory with WIS. We continue to hear nothing but positive feedback from our stores regarding the delivery of your quality product. It’s nice to know we’re working with an organization that is as passionate about service as we are.
During the counts we continue to learn about changes needed to the variance reports. The WIS team continues to deliver the required changes quickly and accurately. Speaking on behalf of all our operators…THANK YOU. We have never had such wonderful tools during the count to confirm accuracy and unfortunately in some locations to reveal shortages. The execution by your team has been outstanding! No one can argue about the quality of the counts”
Chief Financial Officer
Golf and Tennis Pro Shop
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Read full article
Shrink, workforce, store systems, and consumers are the most influential factors for reducing your inventory management costs.
By Erin Harris, editor for Integrated Solutions for Retailers Magazine
Inventory can represent the largest asset on a retailer’s balance sheet, accounting for 60% to 80% of retailers’ total assets. Effective inventory management can have significant impact on the company’s overall financial success. Dave Haller, VP sales and marketing at WIS International, explains how retailers can lower costs associated with inventory and how to improve the inventory process.
What costs do retailers incur in carrying inventory, and how can they lower these costs?
Haller: One of the most significant expenses associated with inventory in retail locations is shrink. Shrink occurs in two primary areas – administrative error and theft. Theft results from both internal and external sources. The first step in controlling shrink is to understand where and how it is occurring. An accurate physical inventory provides a solid starting point to begin this analysis. With an item-level inventory, a retailer can compare actual inventory to system inventory and identify departments, product classes, and items that account for the highest levels of shrink. This information will allow more targeted analysis to assist in identifying and eliminating the root cause of the shrink. Products with high levels of shrink can be packaged, merchandised, and distributed differently to help reduce losses associated with shrink. Loss prevention efforts can also be focused on areas of the store with highest levels of loss associated with shrink. Read full article
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