Omnicom Media Group, the media services division of Omnicom Group Inc. announced a strategic collaboration with Kroger Precision Marketing (KPM) that will deliver early-adopter opportunities to Omnicom clients. Kroger Precision Marketing is the retail media network powered by 84.51°.
The agreement will launch with Kroger Precision Marketing feeding its SKU-level store inventory data to Omni, Omnicom’s open operating system that orchestrates better outcomes for clients across the entire consumer purchasing journey. This daily data will add a critical capability to Omnicom‘s Supply Chain IQ Score which helps brands to quickly and effectively re-direct media spend to deliver on business KPIs in a supply-strained environment.
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The agreement marks the first formal collaboration with this dataset between Kroger Precision Marketing and an agency holding company.
As reported in a recent White House economic report, the supply chain disruption that erupted during the Covid crisis is not fading away even as the pandemic subsides. With inventory challenges continuing, marketers need the ability to quickly adjust their media spend to product availability without negatively impacting performance. At the same time, retailers have a vested interest in supporting efforts to better align advertising to product availability, so their customers aren’t being driven to products that aren’t available.
Launched in May, the Supply Chain IQ Score leverages data from top U.S. retailers and distributors to give media planners day-to-day visibility into SKU inventory data at the physical store and digital shelf levels. This visibility enables media investment to be quickly shifted away from low-inventory products, and toward another SKU in the brand portfolio that has high repeat purchase behavior, healthy inventory, and strong market basket correlation to the low-inventory item.
This partnership with KPM will provide product availability data across Kroger’s 2700 stores in 35 states, as well as fulfillment rates from ecommerce orders and market basket insights around SKUs purchased together and substituted–not currently available through any other third-party platform.