Markdowns cost retailers billions, yet they are essential in the world of retail. To make most of it, retailers need to maximize margin and avoid excess stock.
Running a grocery business has changed fundamentally: The days of working on intuition have passed, and the days of data analytics and frictionless retail are here.
With AI hype going on, many forget that AI doesn’t matter, but the results do. We now use pragmatic AI when describing how we use data for better decisions.
Retailers are no longer interested in major system replacements. Instead, there’s a trend toward implementing in parts rather than as a whole.
Choosing a supply chain planning system isn’t easy. That’s why we’ve listed some things to consider if you’re going to transform your supply chain planning.
The industry has been talking about RFID for 20 years, but it still hasn’t come into common use or delivered significant value to retailers.
Big data isn’t only about the amount of information involved; it’s also about the ability to process and analyze it from multiple angles.
In almost every supply chain project we’ve been involved in it has been necessary to improve master data. It’s almost a cliché these days but any system is only as good as the data you put into it.
In an earlier post I reflected on how far RELEX has come as a company. It made me realize that our values are much the same now as they’ve always been.
Big data isn’t only about the amounts of information involved but also about the ability to process and analyse it from multiple angles.
In-memory computing and SaaS models will shake up the supply chain planning software market. It is a view shared by leading technology analysts such as Gartner.
One weekend I was driving with my 9-year old son when he all of a sudden started to ask me about how we actually do business at RELEX.