NEW YORK, April 6, 2017 /PRNewswire/ -- Today, Deloitte announced its Consumer Products Insights Hub, a platform of innovative analytics solutions. It is designed to accelerate and enable smarter insights, mine the myriad data sources consumer product companies are dealing with every day and create stronger outcomes for consumer products companies. The platform with an embedded suite of solutions helps organizations get closer to their customers and end consumers, and can help companies increase profits and market share in an increasingly interconnected, competitive environment.
The platform combines Deloitte's supply chain, pricing, sales, marketing, R&D, finance, and enterprise performance management assets into one powerful suite customized across all functional areas of a consumer products company. These solutions can be deployed individually or as bundles based on the specific needs of the organization.
"Deloitte continues to work with clients to deliver powerful outcomes through the use of new analytics technologies, innovative science, deep industry experience, and strategic thinking to build new strategies to operate in the big data and analytics-driven world," said Paul Roma, principal and chief analytics officer, Deloitte Consulting LLP.
Deloitte's platform of innovative analytics solutions for consumer products companies is designed to help overcome complex industry challenges — from meeting the changing demands of customers, to delivering higher-value products and services, to maneuvering through a consolidating market, while growing profitability. The advanced analytics solutions suite helps consumer products companies derive actionable insights to address issues such as pricing and profitability management, effective promotions, margin leakage, inventory management and cross functional performance management.
"Many consumer product organizations are facing significant pressure to both grow and become more productive," said Ben Stiller, principal, Deloitte Consulting LLP and consumer products analytics leader. "To do this, they need to anticipate and respond to demographic shifts and changing preferences of consumers, and streamline operations to stay competitive. Our platform takes advantage of a variety of new big data sources, applies innovative enterprise science, and ultimately delivers intuitive user experiences to make it easy to drive value with analytics. Additionally, the integrated nature of the platform lets our clients stop solving in silos and start addressing cross-functional trade-offs and issues that exist. This ultimately leads to much stronger outcomes."
Analytics in Action
Optimizing inventory is good; optimizing inventory while improving service is great. A large food and beverage company wanted better insights to make smarter inventory choices that aligned to the shifting product preferences of its consumers. By applying an advanced analytics solution coupled with deep industry experience, Deloitte was able to accelerate insights across six of the company's business units, uncovering inventory reduction opportunities up to 50 percent on finished goods and 40 percent on raw materials- all while improving the order item fill rate to its customers; thus creating a true advantage for both the CPG manufacturer and retailer.
For more information about Deloitte's consumer products solutions, including the Consumer Products Insights Hub visit: https://www2.deloitte.com/us/en/pages/consumer-business/topics/consumer-products.html.
Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world's most admired brands, including 80 percent of the Fortune 500 and more than 6,000 private and middle market companies. Our people work across more than 20 industry sectors to deliver measurable and lasting results that help reinforce public trust in our capital markets, inspire clients to make their most challenging business decisions with confidence, and help lead the way toward a stronger economy and a healthy society.
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