Merchandising and Inventory Management

ThirdChannel’s digital environment enables real-time visibility of your entire network of physical stores. This is next-generation merchandising – ThirdChannel allows you to be everywhere at once, capturing data from skilled field force teams on the ground and fusing that with various other relevant data sources, which reveal opportunities to optimize each store location. As the retail industry continues to evolve, so must your tools. 

Your vision for a consistent brand presence across thousands of store locations can finally be realized. While managing your brand across thousands of stores has been an impossible, ineffective task, ThirdChannel gives you visibility into stores and reveals opportunities to improve merchandising so you can make important, informed decision that affects sales immediately.

Along with merchandising, ThirdChannel’s platform enables you to monitor inventory and ensures all product backstock is moved appropriately to the sales floor, addressing low inventory situations. For high inventory situations, the issue can be resolved quickly by first discovering, then evaluating the issue. ThirdChannel’s technology enables this crucial information to be observed, giving you the visibility you lacked. Observations are reported and analyzed. Then, action is taken to correct and improve merchandising and inventory in the store.

“Inventory accuracy runs around 50% to 60% for many retailers right now…Inventory visibility is the biggest problem to solve."

1ThirdChannel Data from leading eyewear brand August-October, 2016

 

Next generation merchandising and inventory management involves more than simple inventory replacement. It goes beyond restocking low shelves. ThirdChannel monitors, analyzes and continuously optimizes many aspects of merchandising within a store’s environment, measuring performance between all stores, such as:

  • Display location
  • Display quantity
  • Display correlation with sales
  • Timing of display replacement or resetting
  • Inventory counts on the floor vs. backstock
  • Inventory and product placement
  • Shifting and equalizing inventory between stores
  • Planogram correlation with sales
  • High traffic areas
  • Pulling backstock

ThirdChannel Network-for-Hire

ThirdChannel is powered by your field team or through our network-for-hire, a passionate, entrepreneurial force of over 100,000 who have been selected through a competitive application process to personify your brand and represent your products in account doors nationwide.

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The Platform

Enables you to monitor inventory and ensure all product backstock is moved appropriately to the sales floor, continuously addressing low inventory situations. Use alerts to discover why you have high or low inventory issues so that either can be resolved quickly. This data is aggregated in the ThirdChannel platform so everyone from the field agent to management has access to live activity feeds and reporting, making instant, real-time decisions possible – THIS season and not after the season has passed.

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The Platform

Live Activity Feed 
A continuous activity feed that captures both merchanding and inventory data collection in real-time. Maintain your vision to have a consistent brand presence across scores of branches and thousands of locations.

Inventory Management 
Legacy systems and stagnant data will hinder your brand from excelling in the desired fast-paced shopping environments. Monitor inventory and ensure all product backstock is moved appropriately to the sales floor, addressing low inventory situations.

Merchandising
Ensure all products are optimally “merchandised” on assets and fixtures. ThirdChannel technology captures data about every aspect of your products’ representation and exposes opportunities for improvement.

Chat and Comment 
Real-time collaboration tools make it easy to maintain contact with the field team whether using our brand right agents or arming your own with our technology. Talk to agents while they’re on-site at any retail location, offer guidance and capitalize on opportunities in the moment. 

Take a Tour

Schedule a short tour with ThirdChannel and see how the platform enables real-time visibility of your entire network of physical stores. 

Solutions

Merchandising & Inventory
Demoing & Assisted Selling
Asset Tracking
Competitive Intel
Associate Education

Legacy systems and stagnant data will hinder your brand from excelling in fast-paced shopping environments. Realize your vision to deliver a consistent brand presence across scores of retailers and thousands of locations. Ensure all products are optimally merchandised on the shelf and ensure all product backstock is moved quickly to the sales floor. ThirdChannel technology captures data about every aspect of your products’ representation and exposes opportunities for improvement.  

ThirdChannel research shows that you have approximately 30 seconds in store to capture consumers’ attention and engage them. In order to drive trials and conversions instantly, ThirdChannel’s robust data pinpoints sales drivers, further tailoring the demo in terms of event placement, timing and more.  ThirdChannel matches exclusively dedicated Demo Reps who personify your brand and bring your products to life for consumers.

 

 

Keeping track of store fixtures and marketing displays often degenerate into poorly versioned spreadsheets and information overload. ThirdChannel’s Asset Tracking platform streamlines this, allowing you to directly and accurately monitor and maintain the presence, status, and appearance of on-location fixtures, POP and other assets across thousands of locations.

Insight into what your competition is doing in stores drives your ability to gain market advantage. Survey and audit store environments to assess competitive dynamics at play in stores. ThirdChannel compounds this by integrating external data sources to calculate current market share and determining market potential against your competition.

You rely on, and assume that, retail associates are knowledgeable about your products. With turnover rates so high on store floors and the need for constant, high-quality consumer engagement, associate training should never cease. ThirdChannel technology enables brand penetration by educating store associates on the most granular levels of your product line, strengthening brand awareness so they can sell more effectively to consumers.