PriceSmart, Inc., the largest operator of membership warehouse clubs in Central America, the Caribbean, and Colombia, has chosen RELEX Solutions to enhance its supply chain and retail planning strategies.
RELEX, provider of unified supply chain and retail planning solutions, will provide PriceSmart with advanced forecasting, replenishment, and promotion planning capabilities across its extensive network.
PriceSmart has a complex product assortment, including ambient and fresh products, and a challenging supply chain spanning 12 countries, each with unique requirements. The RELEX solution will be implemented across PriceSmart’s 52 clubs throughout Central America, the Caribbean, and Colombia, aiming to reduce inefficiencies while improving their forecast accuracy, product availability, operational cost savings, and overall efficiency.
PriceSmart is undergoing a strategic transition in its back-office systems and processes and will consolidate its forecasting, replenishment, and promotions planning onto the RELEX platform. This move plays a key role in PriceSmart’s broader digital transformation initiative to streamline operations for ambient and fresh goods, fast and slow movers, and make-to-sell and break-to-sell items.
Additionally, RELEX allows PriceSmart to leverage advanced capabilities for boosting membership renewals through targeted promotions designed to encourage increased member engagement.
“As a leading operator of membership warehouse clubs across multiple regions, our supply chain complexities needed a robust solution,” said David Price, PriceSmart Chief Transformation Officer. “RELEX Solutions provides the capabilities we need to improve our operational efficiency and product availability. This move is a key part of our digital transformation, and we’re excited about the potential of increased member engagement through targeted promotions.”
“We are thrilled that PriceSmart has chosen RELEX to enhance their supply chain and retail planning strategies,” said Michael Falck, RELEX co-founder and president, North America, “RELEX Solutions. “We understand the intricacies of managing retail operations across a diverse product assortment and a supply chain that spans multiple countries. With our unified supply chain and retail planning solutions, we’re confident in our ability to cater to PriceSmart’s unique demands. We look forward to supporting them in their digital transformation efforts, driving improvements in their forecast accuracy, product availability, and overall operational efficiency.”