BOSTON, MA--(Marketwired - Aug 15, 2016) - Symphony EYC, the leading provider of software and services for retailers, wholesalers and manufacturers, and The Partnering Group (TPG), a global consultancy that assists leading retail and consumer products companies in accelerating growth, today announced a partnership that will focus on delivering an automated JBP (Joint Business Planning) Workbench that increases the efficiency and effectiveness of retailers and their suppliers. The joint TPG and EYC JBP Workbench simulates JBP process consulting and best practices and integrates them with the Symphony EYC Customer-Centric Retailing (CCR) platform to deliver strategic insights and actionable results.
A collaborative corporate-to-corporate planning process that creates a shared plan and sets target objectives to drive multi-functional initiatives for growth and productivity, JBP has long been a manual and time-consuming process. As a result, retailers have been limited in the number of JBP plans that they can complete with their suppliers. The new TPG/EYC JBP Workbench automates and digitizes the JBP process with structure and workflows that enable retailers to expand the range and scope of their JBP practices, increasing overall operational efficiency and stimulating business growth.
TPG is known within the retail industry for its domain expertise and best practice development (JBP Best Practices); practical and executable solutions, analytic frameworks and insights generation, which altogether drive retailer and manufacturer collaboration. EYC is recognized for its Customer Centric Retail Platform, which includes category insights, supplier collaboration solutions, reporting dashboards and analytic toolsets, merchandising decision software, and customer-centric or shopper solutions expertise.
The partnership combines the strengths of these two retail industry leaders to deliver a joint TPG/EYC JPB Workbench that includes:
- Company-to-Company Strategy,
- Category Business Planning,
- Value Chain Optimization,
- Retail Excellence,
- Shopper Marketing
- Manufacturer/Retailer P & L Accounting.
"The Symphony EYC partnership with TPG enables us to create a closed-loop, end-to-end JBP process that feeds into the Symphony EYC CCR platform for real world execution and is a key element of our Symphony Retail Cloud solutions," said Pallab Chatterjee, Chairman of Symphony EYC. "Our new joint JBP Workbench offering will enable retailers to create repeatable processes around their supplier relationships that will generate strategic insights and actions."
"There is a big void in the market for JBP products," said Peter Leech, Managing Director of The Partnering Group. "TPG's new partnership with Symphony EYC purposely aims to meet that need with a new automated JBP Workbench that brings JBP into the reach of all retailers and significantly expands JBP practices within retail operations."
About The Partnering Group
Founded in 1993, The Partnering Group (TPG) is an international strategy and general management consulting firm. Our mission is to provide proven enterprise-wide collaborative solutions for multiple business sectors worldwide. TPG led a major shift in the CPG industry with its focus on driving value through collaborative marketing, merchandising and fulfillment of products across the entire value chain and is recognized for Best Practices in Category Management & Assortment. An industry leader in the Retail sector, TPG also successfully leads consulting projects in the business-to-business (B2B) sector, including Foodservice, Club/Cash and Carry, Medical Products and the Home Improvement channel. For more information, visit thepartneringgroup.com. Follow us on Twitter: @TPGConsulting or on LinkedIn at: linkedin.com/company/the-partnering-group.
About Symphony EYC
Symphony EYC is a global leader in customer-centric retail insights and solutions; we undertake insights-driven transformation through simple, intuitive cloud-based software apps, big data analytical solutions and services that enable value creating customer-centric retailing opportunities.
EYC solutions recognize relationships and patterns in price, promotions and assortments across structured and unstructured data that delivers greater loyalty; increases growth and revenue; drives productivity and better ROI for our retail clients.
The EYC of solutions is based on a federated architecture and links decision support, forecasting to operational execution, allowing retailers to make data driven decisions and truly understand their customers. Symphony EYC solutions help power Symphony Retail Cloud, the industry's first customer-centric cloud solution designed to enable retailers and manufacturers to deliver more than two percent revenue growth by translating customer intelligence into insights that drive bottom-line decisions.