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.
Case study: Europris
Norway’s largest discount variety retailer achieved over 17% cut in DC inventory in just 18 weeks.
Case study: Suomalainen Kirjakauppa
Finland’s leading bookseller uses RELEX's Markdown solution to optimize stock levels and largely automate the markdown process.
Case study: Coop Värmland
By linking shift planning to demand forecasts and the incoming delivery schedule, the Swedish grocer has been able to reduce personnel costs by 6-8 %.
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.
Case study: Arena
RELEX has played a key role in supporting the evolution of Arena’s supply chain processes towards a more holistic control of its entire customer-fulfilment chain.
Case study: Oda
With RELEX, the largest Norwegian online fresh food retailer Oda has seen a 49% reduction in spoilage value and a 25% increase in inventory turnover.
Case study: Musti Group
RELEX helped the leading pet supplies retailer in the Nordics to integrate its complex and ever-changing supply chain, which is now managed by a single super-user.
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.
Case study: Akademibokhandeln
On top of Akademibokhandeln's list of requirements were full centralization of its replenishment and more effective control of the Christmas sales peak.
Case study: Saarioinen
RELEX combines demand forecasting with financial and production planning to support Finnish convenience foods manufacturer's unified S&OP process.
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.
Case study: WHSmith
WHSmith uses RELEX's machine learning to optimize weekday profiles and manage multiple daily deliveries, resulting in decreased spoilage and increased availability.
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.
Case study: Apoteksgruppen
RELEX has provided the Swedish pharmacy chain with highly effective tools that support decision making, optimize reordering and improve the organization’s control over its entire product range.
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.
Case study: Hankkija
Finland’s premier agricultural store chain Hankkija overhauled its entire procurement process, set up a new DC and built its purchasing organization around it.
Case study: YNAP
RELEX Solutions supports YOOX NET-A-PORTER GROUP (YNAP) in scaling its replenishment and forecasting abilities to a new level.
Case study: Galexis
The Swiss pharmaceutical wholesale dealer, implemented RELEX to increase automation, maintain availability at close to 100%, and at the same time lower inventory.
Case study: Granngården
Swedish retail chain in the pets and gardening sector balances stock between online and stores through virtual ring-fencing.
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.