Island Pacific (AMEX:IPI) announced at the National Retail Federation (NRF) 93rd Annual Convention and Expo that it has signed a marketing agreement with Israel-based Fontik Data, a supplier of demand chain management (DCM) solutions. The agreement provides Island Pacific customers with the ability to significantly reduce the time, cost and effort required to develop and manage planograms.
Fontik Data is the first company to use artificial intelligence to streamline the planogramming process. The software combines industry best practices with retailer-generated preferences to create dynamic, customized planograms in a fraction of the time normally required. As a result, retailers can develop store-specific and category-specific planograms quickly and easily.
“In the past, creating ‘store specific’ planograms was next to impossible because of the cost, time and complexity involved,” said Steve Beck, Island Pacific president and chief operating officer. “Through the innovative use of artificial intelligence, Fontik Data has provided retailers with an efficient, effective way to create planograms at the store, aisle or shelf level in a matter of minutes. We look forward to providing our customers with this powerful tool.”
“We have been looking for the right partner to bring our unique DCM solutions to retailers in the United States,” said Alex Zalmanovich, vice president and co-founder of Fontik Data. “Island Pacific’s established customer base, combined with their reputation of delivering high value products and services, makes them an ideal choice as our marketing partner.”
Island Pacific is exhibiting at the NRF 93rd Annual Convention and Expo in booth #315 at Jacob Javits Convention Center in New York City. Also known as “Retail’s BIG Show,” the NRF has lined up the biggest names in retail to participate in the event. This is the largest exhibit ever built in the EXPO Hall with more than 400 exhibiting companies.
About Fontik Data Headquartered in Israel, Fontik Data is revolutionizing demand chain management solutions for the global retail industry. The company has developed a broad range of collaborative and smart, patent-pending tools that utilize artificial intelligence, resulting in significant reductions in time and costs and rapid ROI.
About Island Pacific For more than 25 years, Island Pacific has developed a reputation for delivering high-quality, high-reliability software to the retail industry. Recently, the company has transformed itself into the low-cost, high-value provider of retail enterprise solutions by developing breakthrough technologies, and by partnering with leading consulting organizations to provide next-generation services. In addition, Island Pacific leverages its years of experience with emerging and established retailers to craft creative solutions tailored for each customer’s needs. As a result, Island Pacific is the definitive resource for scalable, flexible and affordable solutions for retailers around the world.
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