Set Sight Overview
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SetSight is a web-based software tool used by suppliers and manufacturers' representatives for weekly replenishment and sales trending analysis. It manages order and invoice transactions for over 2,000 suppliers selling to over 300 retailers. SetSight provides EDI and shipping compliance services, order management services, and is a SaaS system that has been providing services since 2001 with over a 95% client retention rate. SetSight offers a centralized, web-based application for managing all retail business needs including EDI management, sales trend analysis, custom reporting, and category management services.
Set Sight Overview
- 1. About Us What we Offer SetSight Benefits Benefits to Value
- 2. SetSight is a web based software tool used by suppliers and manufacturer’s representatives for weekly replenishment and sales trending analysis. SetSight was formed in 2001 and currently has a staff of 13. We are located in downtown Minneapolis two blocks from Target Headquarters on 7 th and Nicollet. Along with SetSight we provide EDI and shipping compliance services to suppliers with ShipToShelf , and order management services to manufacturer’s representatives with our WinRep software product. We’ve provided a SaaS system since 2001. (SaaS = web-based “software as a service”)
- 3. We manage order and invoice transactions for over 2,000 suppliers selling to over 300 retailers. We have over a 95% retention rate of clients. Over $6 Billion in Target retail sales dollars (annually) run through our systems. 400+ suppliers selling to over 70 departments at Target have their POS data entered into and analyzed by SetSight each week.
- 4. Web–based, hosted application for managing all your retail business needs with one application: EDI management and retail shipment processing Replenishment tracking Sales trend analysis. Custom reporting services including: Incorporating external 3 rd party market data analysis Dual reporting for managing both internal and retail needs Category Management and Advisor services Scalability to grow with your business
- 5. Web–Based: Stable and Secure Flexible (accessibility for single user to hundreds of users) Open Access (easy to share information internally or with retail teams) Latest Technology: Microsoft SQL Server database Microsoft ASP.NET frontend Integrated with Microsoft Office® products Ad Hoc databases for 3 rd Party market data Data mining, data cubes
- 6. Data Retrieval: Utility to auto pull retail sales and forecasting reports. Data feeds are built for retailers where reports cannot be auto pulled. Centralized storage of all retail information. Drill down capabilities to go from overall business with retailer down to item level. Consistent view of information across multiple suppliers / departments.
- 7. Replenishment Analysis: We integrate EDI order information into forecasting. Multiple internal forecasting options, including: Past week sales average Sales profile Beginning forecast Retailer forecast Manual Reporting options that match your retail needs (Ladders, Inventory Flow Grids, JBP reporting). Ability to run reports on based on chain wide or store level data.
- 8. Sales Trending and Category Analysis: Define your own custom category/item groupings (Internal vs. Target) and product attributes (color, material, style). Sales data available: Weekly, daily, by store 3 rd party market data integrated into SetSight. AC Nielson/Spectra, NPD, IRI Speed to insights with our custom report builder. Save and reuse custom reports. Reports export to Excel®, PowerPoint®, Adobe PDF®.
- 9. Simplify the Analysis Process: We rely on 5 Key metrics to run all analysis shown in SetSight: 1. Weekly POS (EDI or IR/POL Weekly Sales & Inventory Report) 2. Orders (EDI or auto pulled from POL) 3. Instock % (IR/POL Weekly Sales & Inventory Report) 4. Inventory levels (EDI or IR/POL Weekly Sales & Inventory Report) 5. Sales & Order Forecast (POL AVP Report) We can work with any retailer that provides their vendors similar metrics.
- 10. Some of our clients use us as an extra resource for weekly report analysis or ad hoc category management projects, such as: New Item Tracking Pricing Analysis SKU Rational Promotional Analysis Seasonality, etc. Quick on boarding time, low financial risk, immediate return on investment, and no long term contracts.
- 11. Daily and weekly impact of using SetSight: Decrease data collection and entry time for your sales team Improved replenishment analysis More timely sales trending and market level analysis Meeting / presentation preparation time is reduced Assistance with weekly insight or ad hoc projects Standardized reporting across multiple vendors / departments Overall speed to insights