Enhance assortment optimization through market basket analysis
Market basket analysis can do the detective work of identifying customer preferences. All without invading customers’ privacy.
AI in supply chain: A toolkit for business leaders
Many people have some idea of what AI can do for supply chain and retail planning. It can forecast demand, optimize inventory, improve replenishment – the list goes on.
Store execution essentials: The secrets of successful retail operations
In successful store execution scenarios, all aspects of the store's operations align with the retailer's strategic goals, including inventory management, customer service, and in-store experience.
Production planning without the headaches
An optimized production plan keeps the many (literally) moving parts of the manufacturing process operating smoothly – but building this plan is a balancing act.
4 strategies for managing fresh fruits and vegetables in grocery retail
Master fresh produce management in grocery retail, leveraging machine learning and collaboration for better freshness, availability, and profitability.
Supplier collaboration: How to unlock its maximum potential
Retailer and supplier collaboration is critical for an optimized supply chain. Find out how suppliers can overcome collaborative challenges.
Realized potential: Turn accurate forecasting data into optimized decision-making
Accurate forecasting data is paramount to a retailer’s success — at least if it’s being used meaningfully. Think of the…
The function of gen AI and the future of work in supply chain
As systems like ChatGPT rattle established tech stacks and business processes, some are hailing “generative AI” as the magic pill that will cure all work-related ills. Others see it as a precedent to an insidious puppet master that will render humanity redundant.
Demand sensing: How to conquer CPG supply chain chaos
This blog explores how forecasts built using demand sensing can result in fewer lost sales, reduced waste, and increased cost savings.
How to manage product assortment ripple effects with planning software
A digital transformation is occurring within the tried-and-true assortment planning framework of yesteryear — a sea change driven by the increased adoption of advanced tools and artificial intelligence. Retailers need these capabilities packaged within a robust planning platform like RELEX to manage the far-flung effects of product assortment decisions and optimize the entire retail value chain.
Unlock retail success with strategic macro space planning
Macro space planning involves strategically allocating space within a retail store to various departments, categories, and products. This approach emphasizes the store's broader layout, aiming to create an optimal shopping environment that encourages customer flow and maximizes sales.
4 steps to elevate retail category management with floor plan analytics
Category space plays a defining role in shaping a retailer’s brand identity and setting their store apart from their rivals.
The fresh competitive edge: Why retailers have to win with fresh products
Competition in fresh products is intensifying, with more grocers and convenience retailers using the category to differentiate and draw customers.
Eliminating AI ambiguity: Distinct AI approaches to three top business concerns
There are two common misapprehensions about AI. The first is that AI is its own initiative, a separate investment that is superimposed onto all the other supply chain functions. The second is that all AI is created equal, and any engine will do.
The keys to building a store-specific retail planogram
Planograms have long been a go-to method for retailers to plan and execute their space strategies. They continue to be an essential aspect of space planning, but several pitfalls threaten retailers’ ability to build their shelves effectively and efficiently.
RELEX and sustainability: Cutting food waste and reducing carbon footprints
At RELEX, we are committed to reducing our own carbon footprint while supporting our customers with their sustainability efforts.
What is assortment planning? Navigating the complexities
Assortment planning is a game-changer for retailers when it comes to boosting sales and revenue. Retailers use assortment planning to ensure they stock up on the products that people really need and want, especially the hot items that fly off the shelves.
Streamline stock without selling out: Prevent these 5 inventory reduction mistakes
Inventory reduction is one of the most misunderstood and mismanaged strategies in inventory management. When executed correctly, though, running leaner can significantly cut costs while reducing stockouts and spoilage of fresh products.
The wholesale advantage: The power of automation in streamlining distribution
As the wholesale industry evolves, automation technology has become a necessity to maintain and expand a wholesaler’s market presence, ensuring they remain competitive.
Q&A: How to cure phantom inventory pains with predictive technology
Phantom inventory haunts retailers. The inability to trust when an inventory system claims products are on shelves or in stock is enough to frighten any profit-minded retailer. Scarier still: phantom inventory is so hard to detect that retailers may never be able to identify how much money the issue costs them in the long run.
4 ways to use AI to master DIY retail supply chain challenges
DIY retail can be extremely challenging–from low margins to the scale and complexity of the DIY assortment. Luckily, the right combination of technology and approach can help retailers address these challenges effectively.
Waste not: How grocery retailers transform fresh produce from margin-eater to high performer
Find out how RELEX helps grocery retailers manage fresh produce, avoiding waste, boosting sales, and guaranteeing freshness.
Discount dynamics: Mastering the art of promotional pricing
Promotional pricing is challenging, but with the right strategy and tools, businesses can unlock profitability.
Unified retail space optimization drives tangible value
Whereas store-specific planogramming can drive remarkable benefits like increased sales and availability and decreased waste, unified space planning builds on those benefits to deliver additional, more tangible value across the business.