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Teradata and SilkRoute Global Announce Demand Chain Management Software-as-a-Service Offer

 

Retailers can optimize inventory levels while reducing out-of-stocks, without the requirement of a large capital investment

WASHINGTON, Oct. 19 /PRNewswire/ -- Teradata Corporation (NYSE: TDC), the world's largest company solely focused on data warehousing and enterprise analytics, announced today that the Teradata Demand Chain Management (DCM) solution for product demand forecasting and replenishment is now available as a software-as-a service offer through partner SilkRoute Global. This is the first Teradata solution to be available under a software-as-a service model.

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"By providing Teradata Demand Chain Management in a software-as-a-service model, we are helping retailers with their biggest challenges in this economic environment," said Teradata Vice President for Retail Industry Solutions, Ed Dupee. "Many retailers are searching for ways to preserve sales by reducing out-of-stocks while also optimizing their inventory levels to match demand. These same retailers are limited in their options due to capital expenditure cut backs and restrictions. Our partnership with SilkRoute Global will help these retailers be more competitive in this economic environment."

Under the agreement, retailers will contract with SilkRoute Global for the use of the Teradata DCM solution running on a Teradata Active Data Warehouse. Teradata DCM focuses on consumer demand at individual stores and uses point-of-sale data and other information to create sales forecasts of each item, by store and by day. These forecasts serve to pull inventory through the supply chain based on expected sales across the store network. This is in contrast to the older supply line approach that pushes products to the marketplace based on available inventory.

"Utilizing the software-as-a-service model is a great way for retailers and their suppliers to reduce the typical solution deployment time and cost and to free their resources to focus on core business activities," said Ron Lund, SilkRoute Global chief executive officer.

About SilkRoute Global

SilkRoute Global is a worldwide provider of supply chain solutions based in Troy, Michigan, with offices in the United Kingdom and India. SilkRoute Global customers include the world's leading retailers and suppliers and rank among the largest companies in the world. Working in partnership with the world's leading supply chain solution providers, SilkRoute Global delivers vendor-managed inventory solutions that optimize time and investment. For more information, visit www.silkrouteglobal.com

About Teradata

Teradata Corporation (NYSE: TDC) is the world's largest company solely focused on raising intelligence through data warehousing, data warehouse appliances, consulting services and enterprise analytics. Teradata is in more than 60 countries and on the Web at www.teradata.com.

Teradata is a trademark or registered trademark of Teradata Corporation in the United States and other countries.

SOURCE Teradata Corporation