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PPID News Evolution of 'On Demand' Supply Chain, a Revolution for Suppliers

WEST CHESTER, Pa.--(BUSINESS WIRE)--Prescient, a leading provider of supply chain and advanced commerce solutions for retailers and suppliers, is evolving its traditional supply chain solution offering to subscription-based software and services offerings. Prescient hopes to level the playing field so that all suppliers, regardless of size, have access to the technology they need to collaborate with the “big” retailers and compete effectively in today’s retail market. In addition, on demand means greater flexibility, a lower cost of entry, faster implementation and less up-front risk.

An on demand software solution helps suppliers gain efficiency throughout the entire supply chain – from demand planning to replenishment to production line sequencing. But the big win is enabling advanced commerce with retailers – Prescient’s change introduces a whole new level of opportunity for smaller suppliers with modest technology resources and limited staff to put consumer demand data to good use.

Making the world of advanced commerce accessible to suppliers of any size marks the realization of Prescient’s forward-looking Consumer ZOOM Demand Network^TM introduced last year. In this demand-driven model, Prescient facilitates the flow and use of scan sales data between suppliers and retailers, “zooming in” on, sharing and analyzing consumer point-of-sale data. This greater understanding of consumer demand impacts performance at the shelf, reduces out-of-stocks and increases sales.

“Subscribing rather than purchasing makes Prescient’s on-demand option more economic with even faster implementation for suppliers,” said Jane Hoffer, president & CEO. “Subscribing also makes on-demand software a line-item expense, rather than a capital investment for suppliers—an even more appealing spend.”

Suppliers Clean Up in the Aisles

Using scan sales data, suppliers can manage their own store-level replenishment right in the aisles of their retailers. With no software to purchase or maintain, through Web-based deployment, suppliers can seamlessly integrate retailer-supplied point-of-sale data to manage every detail of their replenishment programs, from product assortment to perpetual inventory to promotions.

As point-of-sale data becomes increasingly important in guiding the transactional relationship between retailers and their trading partners, suppliers who don’t speak the language of scan sales, will be left behind. Prescient’s solutions take such data from the retailers and equip suppliers to use it.

“This data is already being collected by the retailer, with every beep at checkout,” added Hoffer. “Prescient uses proven technology – supply chain and advanced commerce – to help suppliers collaborate with retailers and use that data too.”

Besides improved relationships with retail trading partners, the byproduct is that consumers find what they want on the shelf, when they want it.

And happy customers are better for everybody’s business.

About Prescient

Prescient, founded in 1985 (OTCBB:PPID), is a leading provider of supply chain and advanced commerce solutions for retailers and suppliers. Prescient’s solutions capture information at the point of sale, provide greater visibility into real-time demand and turn data into actionable information across the entire supply chain. As a result, the Company’s products and services enable trading partners to compete effectively, increase profitability and excel in today’s retail business climate. Household brand names like Ahold, AutoZone, Coors, Domino’s Pizza, Rite Aid, Sara Lee, Schwan’s and Wyeth rely on Prescient. For more information, go to www.prescient.com.

Forward-Looking Statement:

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “if”, “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to Prescient Applied Intelligence, Inc. are intended to identify such forward-looking statements. Prescient may from time to time update these publicly announced projections, but it is not obligated to do so. Any projections of future results of operations should not be construed in any manner as a guarantee that such results will in fact occur. These projections are subject to change and could differ materially from final reported results. For a discussion of such risks and uncertainties, see “Risk Factors” in Prescient’s report on Form 10-KSB filed with the Securities and Exchange Commission and its other filings under the Securities Exchange Act of 1934, as amended. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made.

Available for interviews: Jane Hoffer, president & CEO, Prescient