New Retail Industry Benchmark, KeepScore™ from Newmine, Empowers Retailers to Measure Value Chain Success and Profitability At-A-Glance

News provided by

Newmine

12 Jan, 2021, 08:24 ET

BOSTON, Jan. 12, 2021 /PRNewswire/ -- Newmine, a leader in product returns reduction technology and developers of Chief Returns Officer® announced today the launch of KeepScore™, a new benchmark that harnesses key data on products, suppliers, and customers to create the definitive measure of a common goal: Customers keeping the products that they purchase.

For decades, retailers have relied heavily on sales metrics as a means of measuring product and supplier performance as well as and customer satisfaction. The escalating product returns crisis in retail, exacerbated by the accelerated growth of e-commerce due to COVID-19, has placed an ever-increasing strain on retailer finances, operations, supply chains, and customer relationships.

KeepScore™ is a powerful byproduct of Chief Returns Officer®, Newmine's Returns Reduction Platform. "We were inspired by the idea of credit scoring," says Navjit Bhasin, founder and CEO of Newmine. "Ultimately, retailers and suppliers want to deliver products that delight customers, and even the best returns experience can't make up for the customer disappointment and inconvenience that comes with returns. KeepScore is our solution to that."

With KeepScore, retailers can quickly identify underperforming and high-value products and suppliers, as well as customers that are serial returners. Creation of incentives designed to maximize the value of high performing categories, suppliers, and loyal customers will improve financial performance and customer retention.

Retailers who are interested in learning more about how KeepScore helps retailers reduce returns can download Newmine's eBook, the AI That Makes Returns Reduction Possible.

About Newmine
Comprised of former retail and supply chain executives with deep experience in retail strategy, operations, and technology, Newmine's vision is to ensure retailers thrive in a transforming world. Newmine seeks to disrupt the returns management market with AI-driven returns reduction solutions. Newmine's Chief Returns Officer® is an AI-powered platform that gives retailers a holistic view of integrated returns-related data from across the enterprise, prescribes corrective actions, and enables collaboration. www.newmine.com.

Newmine Contact: Jenny Gorlin
Phone: 508-271-7694
Email: [email protected]

SOURCE Newmine

Related Links

newmine.com

PRN Top Stories Newsletters

Sign up to get PRN’s top stories and curated news delivered to your inbox weekly!

Thank you for subscribing!

By signing up you agree to receive content from us.
Our newsletters contain tracking pixels to help us deliver unique content based on each subscriber's engagement and interests. For more information on how we will use your data to ensure we send you relevant content please visit our PRN Consumer Newsletter Privacy Notice. You can withdraw your consent at any time in the footer of every email you'll receive. Mit Ihrer Anmeldung erklären Sie sich damit einverstanden, Inhalte von uns zu erhalten.
Unsere Newsletter enthalten Zählpixel, die die Lieferung einzigartiger Inhalte in Bezug auf das Abonnement und die Interessen der einzelnen Abonnenten ermöglichen. Weitere Informationen über die Verwendung Ihrer Daten im Hinblick auf die Zusendung von relevanten Inhalten, finden Sie in unserer PRN Consumer Newsletter Privacy Notice. Ihre Zustimmung können Sie jederzeit in der Fußzeile jeder erhaltenen E-Mail widerrufen. En vous inscrivant à la newsletter, vous consentez à la réception de contenus de notre part.
Notre newsletter contient des pixels espions nous permettant la fourniture à chaque abonné, d’un contenu unique en lien avec ses souscriptions et intérêts. Pour de plus amples informations sur l’utilisation faite de vos données en vue de l’envoi des contenus concernés, nous vous invitons à consulter la politique de confidentialité disponible à partir du lien suivant PRN Consumer Newsletter Privacy Notice. Vous pouvez à tout moment revenir sur votre consentement par le biais des informations situées au bas de chaque e-mail reçu. Регистрирайки се, Вие се съгласявате да получавате информационно съдържание от нас. Нашите бюлетини съдържат проследяващи пиксели, които ни помагат да предоставяме уникално съдържание въз основа на ангажираността и интересите на всеки абонат. За повече информация относно начина, по който ще използваме Вашите данни, за да гарантираме, че Ви изпращаме подходящо съдържание, моля, направете справка с нашето Уведомление за поверителност на потребителския бюлетин на PRN. Можете да оттеглите съгласието си по всяко време в долния колонтитул на всеки от имейлите, които ще получите.