Store closures and demand decreases: Learning from the past to plan for the future
Learnings from the past crises are applied to help retailers facing store closures and demand decreases plan for the future after the pandemic.
How RELEX has helped Italian customers weather the Coronavirus crisis
Our Italian country director shares his insights on how Italian customers faced the Coronavirus crisis and how RELEX helped them along the way.
The short-term strategy: Managing an increase in your online orders
While a sudden growth in online sales presents an opportunity to recoup lost in-store sales, it also poses a significant operational and logistical challenge.
Strategies to address demand variation between essential and nonessential goods
RELEX’s best practices for managing demand for essential and nonessential items within a single environment during these unusual demand patterns.
Q&A: Demand forecasting when demand goes crazy
Winsight Grocery Buisness interviewed our co-founder Michael about how a lean supply chain can recover from sudden demand increases.
Strategies to meet Coronavirus demand increases despite inventory scarcity
Retailers must maintain transparent, proactive relationships with their suppliers if they hope to maintain availability during coronavirus demand increases.
Effectively managing demand increases from the Coronavirus
No system, no matter how advanced, can accurately automate calculations when there’s no historical precedent on which to model forecasting.
Study highlights four grocery businesses improving retail sustainability
Fresh items attract customers, yet grocers lose over 1,5 percent of revenue to food waste. Waste reduction is not just about sustainability, but it also contributes to a healthier balance sheet.
Make a difference: Cutting food waste and carbon footprint through optimized forecasting and replenishment
This study outlines how our four customers have led the charge toward environmentally responsible business practices while significantly improving both operations and cost-effectiveness.
Managing the intricacies of fresh fruits and vegetables in grocery retail
Ultra-fresh products like fruits and vegetables have some unique challenges, but they also comprise one of the largest revenue streams and opportunity centers.
Stochastic planning for more resilient and cost-effective supply chains
Stochastic planning has been presented as a result for tackling uncertainty in supply chains. Our whitepaper explains what it is and when and how to use it.
Machine learning in the context of retail demand forecasting
Retail is impacted by many factors, such as weather and cannibalization, that can be taken into account with the help of machine learning.
Mastering demand forecasting of short lifecycle products
This white paper shows how accurately forecasting for short lifecycle products is possible through intelligent statistical modeling that uses data from previous product introductions.
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.
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.
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.
Considering cannibalization and halo effects to improve demand forecasts
Sales promotion of one product impacts not only the sales of that product, but also products not in promotion.
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.
Measuring forecast accuracy: The complete guide
This complete guide explains the facets of forecasting and why forecast accuracy is a good servant but a poor master.
Why do forecasting and replenishment have to be such a pain?
Over the years almost every single retail initiative has had forecasting and replenishment at its core.
Predict the unpredictable in supply chain management
People are fickle, not wholly rational and make different decisions at different times. However, people are predictable in most of their buying decisions.
How can a retailer create meaningful forecasts for new products?
How does one create meaningful forecasts for new products when there is no sales history at all?
Does demand forecasting for promotions have to be this cifficult?
Demand forecasting for promotions is a major challenge for retailers, not least because of the impact it has on driving sales.