CVS/Caremark adds Soft Solutions pricing application

NEW YORK CVS/Caremark has selected Pricing as the next module in the Soft Solutions suite to help its growing needs and objectives, Soft Solutions reported. The module will be based on the data quality of ibs Referential and ibs Data Sync (Soft Solutions Master Data Management) currently being delivered to address CVS/Caremark PIM requirements.

According to Soft Solutions, ibs Pricing provides CVS/Caremark with advanced price optimization and management functionalities such as competitor management, rules-based simulation and price execution in a single platform. ibs Analytics embedded forecasting engine provides ibs Pricing the forecasting and optimization capabilities to manage over 6,300 stores for CVS/Caremark. The same engine is also used to manage promotional requirements. ibs Suite's Vendor and Store is to be their single repository and master data reference.

“We have selected Soft Solutions for their strong retail footprint, and to accompany us in implementing our application strategy,” states Ray Auger, vp of CVS/ Caremark Retail Systems. “Phase 1 is tracking to plan despite an aggressive deployment schedule. Both companies are working diligently to meet our business needs,” adds Auger.