"Real World Retail has good reference sites in Ireland but was developed for international markets and it launches its product into the UK at RBTE 2014."

Real World Retail (rwr) provides a Decision Support System for retailers in the Cloud. At the push of a button users can get the information they need to make informed decisions to control inventory, increase sales/margins and control costs. We say: “We put everything that is important at your fingertips in an easy, visual and ACTIONABLE way”.

Retail generates huge amounts of data from a number of different systems. To implement effective buying, merchandise planning and management control the information needs to be collated and presented back to enable good retail decisions. Many retailers attempt to do this in-house with little success. The result: too much of the wrong stock, margin erosion, sales opportunities missed, leakage and inefficiencies in labour.

The results achieved by rwr's customers since installation have been dramatic. One retailer with 15 stores effectively put over £650,000 back into their bank account through better management of inventory; the cost of rwr was a fraction of this – a typical payback for a rwr customer. A fashion retailer reduced their mark downs in their first season by 20%.

Rwr is a service for retailers with a turnover between £5 million and £100 million. Over 100 pharmacies are using the software through six groups, while one fashion retailer (Pamela Scott) – with 24 stores –  has recently installed rwr. 

The company has good reference sites in Ireland but was developed for international markets and it launches its product into the UK at RBTE 2014. The UK is one of the most sophisticated retailing markets in the world, yet rwr's research has identified a very significant need for its solution. The only way to get something approaching the sophistication and value add of rwr's solution is to engage a business intelligence consulting company and build a bespoke system based on a purpose built data warehouse. This is an expensive way to go as the technology and services can be hundreds of thousands of pounds, which means they are risky. Not so with rwr, as there is just a relatively small installation cost and a monthly subscription which can be discontinued if the retailer is not getting the expected payback.

See a demo using real retail data at RBTE 2014. You will find Real World Retail at RBTE stand 204 from 11-12 March 2014 at London's Earls Court.

Click here to read a rwr pharmacy case study

Click here to register for RBTE 2014