Pragmatic AI for better retail decisions
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.
MIT research: The effects of dynamic safety stocks on inventory and service levels
RELEX was used to simulate the dynamic safety stock levels and their effects on inventory and service levels in MIT research.
Overcome challenges in managing product assortment in drug stores
Years ago, a store may have stocked between 7,000 and 8,000 over-the-counter SKUs. Today, retailers have to account for and optimize anywhere between 15,000 and 20,000 SKUs.
Future-proof your technology strategy
Retailers are no longer interested in major system replacements. Instead, there's a trend toward implementing in parts rather than as a whole.
It’s time to rethink availability vs. waste in your grocery supply chain
Many assume that a focus on quality leads to a higher level of waste. It doesn't. In fact, waste and quality problems often share the same root cause.
Grocery retail trends 2019
In grocery retail, the reality is that the change and the challenges aren’t going to stop anytime soon. If anything, the competition will just get tougher.
Technology innovation the central topic at NRF’s Retail’s Big Show 2019
The NRF Retail’s Big Show in New York is among the most important retail industry events of the year. Among the trendier topics this year was the rise of AI.
It’s in grocers’ best interest to address food waste now
Does corporate responsibility end with the spreadsheet, or do grocers have a second set of responsibilities – to the customers and the earth providing the goods?
Are you wasting time and money on a poorly integrated supply chain?
16 % of large US grocery retailers still base their distribution center forecasts on historical data on outbound deliveries from these distribution centers. This is akin to driving a car while looking into the rearview mirror.
How to choose a supply chain planning system
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.
Key themes in grocery retail – a recap of RELEX second grocery forum
Earlier in September, representatives from 15 of the biggest grocery retailers across Europe, gathered at RELEX's Grocery Forum to discuss the future of unified retail planning.
The importance of accurate forecasts in omnichannel grocery retail
Accurate forecasting is at the core of increased operational efficiency as it is key to accurately match resources, such as stock and personnel, with demand.
Study highlights opportunities for grocers to reduce food spoilage
We surveyed leading North American grocers and compiled the key results in a study titled 'Growing and Sustaining Competitive Advantage in Grocery Retail'.
Three high-impact areas and easy wins in grocery retail supply chains
A supply chain is always a work in progress. You can optimize it so it’s running as close to perfect as possible and then circumstances change.
Benefit from forecast data in your planograms
During my almost seven years working with space planning, I’ve faced almost every question there is to ask around the topic. One, however, seems to come up constantly “Can we use forecast data when making the planograms?”
Best practices in weather-based sales forecasting
Predicting weather is not easy and rapid changes in weather can cause consumers to suddenly shop or cease to shop for specific products, which can quickly become costly for a retailer.
Four ways the UK retail supply chain differs from the rest of Europe
The wide State of the Retail Supply Chain study conducted in 2017 by Martec International indicates that, in many areas, UK and Irish retailers are ahead of their European counterparts.
Grocery retail in 2018
Many of the same trends we’ve seen in 2017 will continue in 2018 alongside new challenges and opportunities. We’ve listed the five most interesting trends that grocery retailers can expect in 2018.
What is a good level of forecast accuracy?
“What would you consider a good level of forecast accuracy in our business?” is probably the single most frequent question we get from customers, consultants and other business experts alike.
Study reveals top priorities for grocery retailers embracing digital transformation
The recently released Grocery Tech Trends Study reveals the top priorities for grocers embracing digital transformation.
Solving the retail and supply chain dilemma
As a retailer, you’re under tremendous pressure from all sides. The good old days of simply stacking the shelves and watching it sell are long gone and the competition is fiercer than ever.
Fight the retail price war with successful supply chain planning
This increasingly complex supply chain means that retailers today can no longer rely on traditional pricing strategies in order to differentiate.
Why retail CFOs need to understand the supply chain
Driving efficiency and increasing revenue in this ever-changing environment means a constant pull in multiple directions. So how can the CFO create change, improve the operating ratios and minimize risks for the business?
The benefits of adopting RFID in 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.