Business
Ecoark Holdings, Inc. Subsidiary Eco360 Partners With Teradata to Reduce Waste in Supply Chain
Ecoark Holdings, Inc. Subsidiary Eco360 Partners With Teradata to Reduce Waste in Supply Chain.
About this update from Riskon International, Inc.
[{"type":"text","content":"\nEcoark Holdings, Inc. Subsidiary Eco360 Partners With Teradata to Reduce Waste in Supply Chain\n\nEcoark Holdings, Inc. Subsidiary Eco360 Partners With Teradata to Reduce Waste in Supply Chain\n\n\nEco360 to Utilize Teradata Demand Chain Management Replenishment Forecasting Software to Supplement Its Replenishment Forecasting Initiative\n\nROGERS, AR--(Marketwired - June 21, 2016) - Ecoark Holdings, Inc. (Ecoark) (OTCQB: EARK), a provider of a growing suite of proprietary technologies and services that drive sustainability and facilitate sustainable growth for a wide range of clients, today announced that its subsidiary, Eco360 LLC, has partnered with Teradata to reduce waste in the supply chain and improve retail inventory management. The partnership also makes Eco360 LLC an authorized reseller of Teradata Demand Chain Management (DCM) forecasting allocation & replenishment software.Teradata DCM software allows retailers to develop an accurate view of customer demand through demand forecasting, while enabling more efficient inventory investment to meet consumer demand through time-phased replenishment. Together, Eco360 and Teradata provide a powerful solution that enables retailers to be as efficient as possible and reduce excess waste in the supply chain.\"This partnership with Teradata is a natural fit for Ecoark and Eco360 as it complements our existing solutions incredibly well. Teradata's DCM solutions close the loop, allowing us to expand our offerings and provide customers with data-based solutions to make them more efficient,\" said Randy May, CEO, Ecoark Holdings, Inc. \"We believe this allows us to enhance our product offerings to current clients while also giving us greater access to a broad base of untapped customers, which should allow us to increase penetration within the market while driving more revenue.\"According to Teradata, retailers often invest up to 65% of their inventory dollars in slow moving or dying items, in SKUs that contribute just 5% to sales, resulting in increased supply chain waste and less revenue. \"We are excited to launch this business with an industry leader like Ecoark and to work together to ensure our customers are gaining the most revenue out of their products with minimal loss,\" said Andrew Coleman, Senior Vice President of Strategic Ventures, Teradata. \"Their supply chain tec...