Save Mart Renews Agreement With DemandTec for Deal Management Software Service
Leading food chain retailer leverages DemandTec to collaborate with vendors and streamline trade funds processes
SAN MATEO, Calif., Aug. 23 /PRNewswire-FirstCall/ -- DemandTec, Inc. (Nasdaq: DMAN), a global leading provider of predictive merchandising, marketing, trade, and shopper analytics solutions for the retail value chain, today announced that Save Mart Supermarkets, a leading food chain retailer, has renewed its subscription to DemandTec's Deal Management software service.
Leveraging DemandTec's Deal Management software service, Save Mart is able to automate and streamline how it receives, negotiates, reconciles, and archives trade promotions with its vendors through a secure, Web-based environment. Using an automated workflow spanning the entire deal process, Save Mart boosts efficiency by eliminating manual processes and cutting the deal cycle time with suppliers, electronically sharing key information to maximize trade fund availability, and accelerating the reconciliation and audit process with an electronic document archive.
"We pride ourselves on our ability to run an efficient organization, and with DemandTec, we are able to streamline our deal management processes in a way that helps us work with our vendors more effectively and serve our shoppers with a robust promotion calendar," said James Sims, CIO at Save Mart.
Deal Management is a component service of DemandTec End-to-End Promotion Management™, a solution that includes related software services for managing the entire promotion process, from collaborative promotion planning and deal management to in-store execution and post-event analysis.
"For more than fifty years Save Mart has been finding cutting edge ways to achieve success," said Dan Fishback, President and Chief Executive Officer of DemandTec. "DemandTec's Deal Management software service is yet another use of innovation that is helping Save Mart and other leading retailers create a more efficient trade network."
All DemandTec software services, including Deal Management, are delivered through the DemandTec TradePoint Network™, an Internet-based platform connecting all DemandTec software services used by retailers and their suppliers to collaborate on pricing, promotion, assortment, and other decisions. There are approximately 13,000 retailer and manufacturer end-users on the DemandTec TradePoint Network, who have collaborated on over 3.5 million trade deals to date.
About Save Mart Supermarkets
Save Mart Supermarkets, a California corporation, owns and operates more than 240 stores in Northern California and Northern Nevada under the Save Mart, S-Mart Foods, Lucky, and FoodMaxx banners. Headquartered in Modesto, Calif. since the company was founded in 1952, Save Mart Supermarkets has always believed in supporting local suppliers and producers, and is actively engaged with the charities and causes of the communities where its stores do business. For more information on the stores of Save Mart Supermarkets, please visit www.SaveMart.com, www.LuckySupermarkets.com, and www.FoodMaxx.com.
About DemandTec
DemandTec (NASDAQ: DMAN) enables retailers and consumer products companies to optimize merchandising and marketing decisions, individually or collaboratively, to achieve their sales volume, revenue, shopper loyalty, and profitability objectives. DemandTec software services utilize DemandTec's science-based software platform to model and understand consumer behavior. DemandTec customers include more than 230 leading retailers and consumer products manufacturers such as Ahold USA, Best Buy, ConAgra Foods, Delhaize America, General Mills, H-E-B Grocery Co., Hormel Foods, Monoprix, PETCO, Safeway, Sara Lee, Target, The Home Depot, Wal-Mart, and WH Smith. Connected via the DemandTec TradePoint Network™, DemandTec customers have collaborated on over 3.5 million trade deals. For more information, please visit www.demandtec.com.
DemandTec Safe Harbor
This press release contains forward-looking statements regarding DemandTec's expectations, hopes, plans, intentions or strategies, including statements about the benefits of DemandTec's solutions. These forward-looking statements involve risks and uncertainties, as well as assumptions that, if they do not fully materialize or prove incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements. The risks and uncertainties include those described in DemandTec's documents filed with or furnished to the Securities and Exchange Commission. All forward-looking statements in this press release are based on information available to DemandTec as of the date hereof, and DemandTec assumes no obligation to update these forward-looking statements.
Media Contact: |
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Armen Najarian, DemandTec, Inc. |
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(650) 645-7170 |
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Investor Contact: |
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Tim Shanahan, DemandTec, Inc. |
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(650) 645-7103 |
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DemandTec and the DemandTec logo are registered trademarks of DemandTec, Inc. All other trademarks are the property of their respective owners.
SOURCE DemandTec, Inc.
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