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To aid dealers raise the effectivity of their IT programs and enhance the customer event, IBM Corp. and German business software seller SAP AG have agreed to form a global, nonexclusive know-how alliance.
The alliance, introduced Wednesday at SAP’s Sapphire international customer convention in New Orleans, brings collectively the IT retailing hardware and utility advantage of IBM and SAP at a time when many sellers struggle with the rising complexity of their hardware and utility programs, stated executives here.
“On the one hand, retailers are battling a commoditization of their products and want to discover easy methods to operate more charge effectively,” said Christian Nivoix, conventional manager of IBM’s international distribution sector. “On the other, they’re having to connect extra systems of their shops. we are able to support them reduce the complexity and enhance the efficiency of their IT retail programs by means of offering conclusion-to-end integration. We’re putting all our hardware and utility on the desk.”
wireless expertise, in specific, is a neighborhood the place dealers see massive opportunities to enhance save efficiency but, on the same time, challenges in connecting numerous instruments with their utility programs, in keeping with Robert Hafker, global retail solutions supervisor at IBM.
“marketers, for instance, may also are looking to take potential of wireless PDAs (very own digital assistants) to deliver actual-time earnings aid but have difficulty integrating these gadgets with their ERP (business aid planning) equipment,” he noted. “below our new alliance, IBM and SAP will work carefully collectively to help them integrate all this technology.”
SAP and IBM will collectively market their retail partnership provider however have yet to give it a manufacturer identify, in accordance with Peter Kabuth, vice-president of retail enterprise techniques at SAP.
Kabuth turned into unable to provide pricing tips. “Pricing might be achieved on a case by case foundation,” he pointed out.linked download Sponsor: IBMThe actuality about advice governance and the cloud
fort LAUDERDALE, Fla.--(enterprise WIRE)--IBM Retail shop solutions (RSS) introduced that AOD utility – answers On Demand has won the Market growth achievement Award for tremendously increasing yr-to-yr profits and achieving important wins in 2009.
AOD application is an IBM enterprise companion and resells the IBM factor of Sale line of hardware at the side of its personal award-profitable AnswersElite® software solution for long term care facilities across the U.S.. AnswersElite element of Sale is used in eating Rooms, reward shops, Salons, Concierge Desks and Nursing supply Closets. it's seamlessly integrated enabling for long run care companies to track meal plans and invoice for the ancillary objects consumed by their Residents and employees.
“AOD has set itself apart from over 250 business companions and established super efficiency inside the IBM RSS company,” cited Paul Berry, Channel income govt for IBM Retail store solutions.
“regardless of the economic system, our personal efficiency has remained effective and we're proud to be recipients of this award from IBM which validates the group’s difficult work this previous 12 months,” noted Aric Agmon, CEO of AOD application.
AOD application is a developer of targeted software application serving the long term Care business. The utility suite turned into specifically designed for carrying on with Care Retirement Communities (CCRCs) and additionally serves Assisted residing facilities (ALFs), skilled Nursing home facilities (SNFs), impartial residing, Rehabilitation centers and residential health companies.
About AOD utility
AOD utility offers AnswersElite®, a completely built-in long term care software system which is constituted of EHR, fiscal and operational application for long term Care. AOD software’s options are the most comprehensive in the LTC business with over forty five modules that interconnect to offer a seamless utility experience which we seek advice from as “The energy of 1”. AOD has helped them to develop into greater efficient in areas including electronic fitness list (EHR), MDS administration, Care Plans, Assisted living, Dashboarding/KPI expertise, Human resources, Payroll, Billing, and monetary services including full standard Ledger, money owed Payable, facilities management, marketing and Donor building and even factor of Sale (POS). For greater advice, please consult with www.AODsoftware.com
July 28, 2005 09:00 ET
360Commerce Joins IBM PartnerWorld business Networks
AUSTIN, TX -- (MARKET WIRE) -- July 28, 2005 -- 360Commerce today introduced it has accomplished the fame of trade Optimized in IBM's PartnerWorld trade Networks. This designation validates and expands 360Commerce's connections with IBM's retail-focused revenue, advertising and technical materials to boost and carry on demand solutions that meet consumer requirements within the retail industry.
360Commerce has additionally carried out IBM ready for shop Integration Framework (SIF) Validation. IBM competent for SIF business partners have accomplished technical validation for their save functions working on IBM's open requirements-based mostly middleware.
"IBM's store Integration Framework allows for our customers to be extra attentive to company alternatives and consumer demands," referred to Tom Fornoff, vp of enterprise building for 360Commerce. "moreover, we have discovered IBM to be a supportive partner, assisting to extend our sales and advertising reach with dealers through knowledgeable assist and strategic conversation programs."
360Commerce, widely established for his or her freedom-of-choice strategy to providing retail application, has been a pioneer in the open source and specifications movements. because the first and most effective issuer to construct all of their shop optimization solutions on one solid, consistent Java platform, 360Commerce has been uniquely placed to work with probably the most most ingenious thinkers in retail expertise and a few of the most a success retail firms. through offering a complete suite of Java-based mostly products including element-of-carrier, lower back workplace and business solutions, 360Commerce has created a premiere-practices know-how answer this is unmatched in the retail trade.
"we are excited to have the dedication of a retail vendor like 360Commerce expressed throughout the PartnerWorld trade community and validated through the capable for SIF application," talked about Buell Duncan, accepted manager, ISV & Developer relations, IBM. "This demonstrates the combined value that IBM and ISVs can create for purchasers in the retail industry. purchasers don't seem to be drawn to a one-measurement-suits-all approach -- they desire tailor-made, confirmed, business-certain solutions that may help remedy their company challenges. The PartnerWorld business community gives an avenue for IBM and 360Commerce to deliver open and versatile options that match our joint customers' wants."
360Commerce's leading-edge options run on a number items and functions from the IBM portfolio that make up IBM shop Integration Framework. 360Commerce become the recent recipient of IBM's Beacon Award for the IBM Retail ambiance for SUSE LINUX. business-class IBM SurePOS software and IBM hardware designed in particular for retail stores serve as a pretty good foundation for 360Commerce functions to deliver the supply that dealers need to compete without difficulty. most appropriate-of-breed middleware, together with IBM WebSphere software Server, IBM WebSphere MQ and IBM DB2 time-honored Database utility, and IBM Retail shop options choices mix with 360Commerce technology to build options that convey timely, comprehensive and accurate access to enterprise essential assistance.
The IBM PartnerWorld business Networks provide ISVs with complete business perception, technical elements, networking alternatives, and advertising and earnings aid designed to aid them attain more shoppers and shut deals quicker. individuals in the PartnerWorld business Networks can crew with IBM to bring on demand options to market extra with ease and to be sure these solutions meet certain business wants, reflecting how purchasers buy know-how nowadays. ISVs who have attained one or extra business Optimized expertise have efficaciously integrated with on demand IBM infrastructure application and hardware and validated success with consumers within the industries they serve.
ISVs can register for PartnerWorld business Networks at www.ibm.com/isv.
360Commerce's confirmed and versatile store and body of workers administration functions are working in more of the world's leading sellers than any comparable Java solution, including such leading sellers as Apple, construct-A-endure Workshop, Circuit city, The domestic Depot, gap Inc., FedEx Kinko's, and ceremony help. 360Commerce's function-rich solutions combined with industry-main IBM know-how help sellers compete greater simply by enabling them to supply most suitable-in-type client provider to increase market share and by means of helping them to streamline operations to enhance margins. Their applications include element-of-Sale, returned workplace, stock administration, significant office, Returns management, and personnel administration.
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Across the street from the hipster hangout The Line Los Angeles in L.A.’s Koreatown area, a group of supply-chain industry veterans are working on a way to mesh their established practices of their business with the new world of blockchain.
The tech company Omnichain Solutions, founded by Pratik Soni and Ray Young, officially started business last year with the mission of shaking up the supply-chain business with blockchain. Blockchain gained a cachet when the system started about a decade ago in the Wild West world of cryptocurrency.
Blockchain is basically a time-stamped immutable ledger of data on a computer network not owned by a single entity. Its advocates consider it to be one of the most secure forms of recordkeeping.
Since blockchain systems are set up on peer-to-peer networks, the only way to change a ledger is to request approval from everybody else on the network. Many believe that blockchains encourage honesty and increased communication.
Soni said that his company is the first to offer a well-rounded, holistic blockchain platform and is exactly what the supply chain needs to improve efficiency and communication.
“If you look at the supply-chain industry in general, no matter what vertical you’re in, whether it’s fashion or medicine, the supply-chain industry has not innovated since 1985 with the advent of EDI,” Soni said of Electronic Data Interchange, a form of electronic communication that has been used by major retailers to record purchase orders and invoices.
Soni said that EDI can limit the number of parties communicating on a network. A blockchain can expand it. “All data will flow seamlessly through the supply-chain upstream and downstream,” he said. “It’s a more proactive approach to supply chain when you need to know how much fabric to buy. Or if you need to know how much inventory to meet a future demand.”
Blockchain’s detailed ledger makes it easy to trace when an event took place or where something was produced. It’s become a hip topic in business circles, and it is gaining a lot of momentum. Retailers such as Walmart worked with a blockchain platform developed by IBM last year to track lettuce and other leafy greens from farm to store shelf.
Trade associations such as the Blockchain in Transport Alliance started operations in August 2017 to put together industry standards for blockchain. Leading companies listed as participating on BITA’s board include FedEx, UPS and Daimler. Omnichain also ranks as a BITA member.
Omnichain hosts and produces a cloud-based platform where companies can develop and work on their operations. People participating on the network can gain access on any electronic device.
Omnichain’s mix of blockchain and supply chain has been received warmly by members of the tech crowd. Last year it was honored by the tech journal Red Herring as one of the Top 100 North America winners. The juried award is given to private technology ventures the magazine believes demonstrate high marks for innovation and business strategy.
Soni claimed that it is harder to keep track of retail operations since basic retail channels have expanded and diversified in the past 15 years. Bricks-and-mortar operations typically are part of the same retail conglomerate as e-commerce, social-media commerce and mobile-phone commerce.
He contends that retail operations and their supply chains can become unwieldy without a tool that can give executives a clear and commanding view of their operations. The increased communications provided by his platforms, he maintains, can increase productivity and can cut the time a product reaches market by five days.
Omnichain has been working with fashion clients such as RomperJack as well as the watch company Breda and the dairy-free snacks company Ruby Rockets.
In the retail world, there's a handful of big players that can invest heavily in technology. The rest of the competitors lag behind and either can only pick their spots or have to wait until technology becomes available from third parties. At Shoptalk 2019, a number of vendors had technology for sale that offered functionality that was previously only available to Amazon (NASDAQ:AMZN), Walmart (NYSE:WMT), and a handful of other players.
A full transcript follows the video.
This video was recorded on March 12, 2019.
Nick Sciple: Now, Dan, we teased this off the top of the show. I want to talk a little bit now about Shoptalk, where you visited in Vegas last week. First off the bat, you mentioned some of the trends coming out of the conference off the top of the show. What got you most excited that you saw at Shoptalk last week?
Dan Kline: You can see now that the retail space has fragmented. I don't want to say winners and losers, but there's the big boys and everybody else. And by big boys, I mean there's Amazon, There's Target, there's Walmart, there's a couple of major grocery chains. There's maybe one or two outliers like Costco that don't have to play in the same sandbox as everybody else. But then, almost every other retailer lacks the resources to innovate.
Walmart, which calls itself a technology company as often as it calls itself a retailer, can invent the in-store kiosk and play with it and test it over a year. Target can buy shipped and figure out same-day shipping. Amazon, obviously, trying out drones and who knows what level of AI technology to predict that, you don't even know this, Nick, but tomorrow, you want blueberry scones, and one will be sitting on your desk when you get there.
So at the show, I saw a lot of third-party technology companies that were offering technology that -- I hate to say looked at what Walmart, Target, and Amazon have done right, and they copied it. There were kiosks, white-label kiosks you could buy to put in your store. I was really interested in a company that offered flexible warehousing space, sold like the cloud. Meaning, if you and I want to bring in a container of Motley Fool harmonicas to try to sell at Christmas time next year -- I'm not sure we'd be allowed to do that, but if we did -- we could rent the warehouse space and literally only pay for it while we were using it, and only for the services we needed. If we needed shipping, that would be there. If we needed unpacking or all the customs work, or if we just needed a place to put our box, you could get that sort of the same way you pay for the cloud, which is a consumption model.
I saw things like that for trucking, for payments, to give smaller players flexibility. One of the examples I'll give came from meeting with FLEX, the warehouse company. A home improvement chain, say, Ace Hardware, which is effectively a national buying group, could look and say, "I want to have a bunch of rock salt and snow blowers in New England because it's winter." And they only need those there for a few months. They're going to sell out, they know. They don't have to cram them in the back of their stores or leave tractor trailers in their parking lot or rent ridiculously expensive warehouse space. There's a lot of tools that allow mom-and-pop retailers, and Macy's, and pretty big chains, to do what Amazon and Walmart do, on a six-month trailing basis. Which, if employed correctly, could make more companies competitive, at least in some places.
Sciple: Right. This is a trend we're starting to see -- you mentioned cloud -- where, these resources, whether for cloud, it's computer operating bandwidth, or for logistics, access to trucking and warehouses, these things that, up to today, would have required a significant fixed-cost investment that blocked them off to folks outside of the largest folks in these industries. But now we're seeing these companies rise up to provide those offerings at a lower cost to the also-rans in these industries, like you mentioned. It's really exciting.
Kline: We talked about it as we prepped the show, it used to be that only a Starbucks could have an app as sophisticated as they do, that lets you order and mobile payment. Well, there's white-label apps that do that now. Any restaurant can offer that. Gift cards used to be something that a regular retail store could only do in a physical format, they could not do in the digital tracking. Well, that's available. At Shoptalk, you saw very high-end trucking solutions. A company could manage all its orders, and instead of just working with three or four partners, they could find the exact best partner for every place something was going to go to, and know which of their warehouses to ship it out of, which of their stores, and do things as inexpensively as possible. You might never get as cheap as Amazon gets it. You're never going to have the scale. But if Amazon is 60% of the market and somebody can roll up through all these small companies 10%, 15%, it at least gives you the critical mass to be in the ballpark.
Sciple: Dan, when you look at the opportunities that this new technology is going to open up and these new offerings from the start-ups that you spoke with at Shoptalk, is this something that's going to let these companies come up and challenge Amazon's position? Or is this something that's just going to let these smaller players continue to exist in this new normal of retail?
Kline: Continue to exist and in some cases compete well. I live in a market where Publix is everywhere. It's a privately held grocery store chain. There's one every mile and a half in Florida. Publix can probably not invest the same amount of money as Walmart in automating grocery delivery. They certainly aren't going to spend the money doing it to figure out if people want grocery delivery. As the bigger companies establish the market, one of the companies I saw that I know Matt talked about yesterday, offered a 10,000 square foot back-of-the-store solution where you could take existing floor space and put in this automated, cart-driven grocery picker. Some human labor, but it takes a lot of the cost out of it. And you could, from one store, service a whole region. Well, if Walmart and Target prove that this market I'm in wants two-hour grocery delivery, then that investment can be made by Publix without them having to research it, without them having to invent the wheel themselves. That is a huge way to stay competitive.
I don't think consumers, as technology is getting tested -- I use Instacart and I get two-hour delivery all the time, but I don't think that's the norm in my market. It's not like you're going to walk into a grocery store and be like, "Ugh, you don't have two-hour delivery? I'm leaving!" But at some point, that might be the expectation, and they'll be able to offer all of these tools.
Sciple: Sure. So, that answers the question what role these tools and these start-ups might play to the businesses that are already operating and competing against Amazon and Walmart. The follow-up question I have for you is, for these start-ups themselves and the companies developing this technology, as we look out into the future, is this going to be something that investors might have an opportunity to invest in, in the public markets? Or do you think these start-ups are going to be acquired by these middle-tier businesses and be attached onto existing businesses to make them be able to compete more closely with Amazon or Walmart? Or do you think these companies are going to exist on their own?
Kline: If I was Amazon and Walmart, I would have been walking around these start-up areas in Shoptalk -- and there were a couple of them -- with a checkbook and trying to take players out of the game, and have some of this technology, put it into my incubation system, and see what lives and what doesn't. Some of the more mature companies, like the grocery store fulfillment company that I was talking about before, which actually has customers and product in the field, I think their goal is to be bought. Ideally, they're going to be bought by one of the big boys, because that's where the biggest money is. But if you make in-store kiosks, and the whole retail market decides that buy-online-pick-up-in-store via a kiosk is the way to go, what's your total market? 60,000 stores? 30,000 stores? 100,000 stores? I don't know the number, but it's a very finite market. Once you've sold that product, you become a company like Brunswick. You sell the bowling lane and then you sell them, I don't know, alley wax and repairs until you invent something else. It's a very tough business to be in. So, yes, I think they're all hoping Amazon buys them.
Sciple: It's an exciting area of the market to watch because it's still developing. The whole idea of e-commerce and online ordering is only a little over 20 years old. We're still seeing businesses adapt to play in this market.
Dan, based on what you've learned in the last week and your knowledge of the industry, if we come back here and have this conversation in five years, how do you think the technology that's being developed today is going to change retail in the future? How should investors think about that?
Kline: Back-end automation is a reality. You are not going to have as much or any human factor in warehousing, picking orders, all of that should be -- it's not going to be 100%. A robot is probably not going to pack your order into the final bag for, say, groceries. But they're going to do an awful lot of it. You're not going to see as much front-of-house automation as you think. Consumers have shown some reticence to self-checkout. They're fully aware of the bagger who's not getting employed with that. So I think there's going to be limits to that. Maybe there'll be some in-store help that's automated, but for the most part, you're going to see the back end get automated, and you're going to see some level of inventory control, move to RFID and other methods. In a big chain like Walmart, there's no human who's going, "We need more Cheerios!" You're going to see that become commonplace at pretty much every store, as that technology is baked into your Square or QuickBooks CMS, your very basic models of in-store point-of-sale system.
Sciple: I'll say, as a consumer myself, all these developments are really exciting because, to me, you look at creating all this access to delivery and convenience and reducing waste, which is probably both good for the environment and lowering prices, which is great for me as a consumer. I'm really excited about all these new developments we're seeing with both logistics and enabling online ordering.
I will say, I'm a little bit skeptical about how much value this is going to create for investors. I think this is more going to be something that creates consumer surplus more than it is for the producers. What are your thoughts on that, Dan?
Kline: If Amazon stamps out most of its competition and only has to worry about Walmart, Target, and a couple of other players, they can start raising prices. You want to see the ability for, even if it's a niche player, even if it's a company that sells high-end NFL-branded cigars, if they can have efficient delivery and sourcing and all of the back-end things -- I recognize that that's a preposterous example of a company -- instead of you going to Amazon and buying a low-end version of that product, and that company doesn't have to charge you $39.99 for shipping because they can say, "You want it tomorrow? $29.99. Want it in three days? $15.99. You're willing to wait until whenever? $2.99." All of that technology was on display at this show. I think that will make the Amazons, Targets, Walmarts work harder. They will really start to create some of the things we've talked about on this show -- better methods of sizing you, so you don't have to go into a store to buy a shirt; the ability to tell me that the outfit I'm buying online is a poor choice for me using an AI system; or whatever it is.
If you stopped now, and only the big players have access to this technology, you'd see a lot of small players go away, and the big players would get fat and lazy. So at least this keeps it competitive.
Sciple: Right. Where competition takes place, consumers a lot of times end up being the winner there.
Check out the latest earnings call transcripts for Amazon and Walmart.
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