RELEX positioned furthest in the ‘future leader’ axis, signifying the company’s unique approach to solving the demand forecasting dilemma for companies globally
RELEX Solutions, a provider of unified supply chain and retail planning solutions, is proud to announce it has been recognized by Coresight Research as a ‘future leader’ in its annual Demand Forecasting Innovator Matrix report. Coresight defines a ‘future leader’ as: Companies that are highly innovative in technologies and retail strategies used and have a competitive edge through high market prowess. RELEX is positioned furthest on the leadership axis in this Matrix report, signifying innovation, momentum, and growth in the market.*
RELEX offers a unified retail and supply chain planning platform designed to enhance forecasting accuracy and streamline operations for companies globally. RELEX leverages artificial intelligence (AI) and machine learning (ML) to automate planning processes, enabling customers to respond quickly to changes in demand and improve overall efficiency. The company’s unified approach removes siloed planning processes and integrates all demand drivers to deliver comprehensive solutions for diverse retail and manufacturing needs.
“We are happy to be recognized by Coresight for our demand forecasting technology that truly puts RELEX ‘on the map’ for retailers and consumer goods companies around the world,” said Mikko Kärkkäinen, Co-founder and group CEO, RELEX Solutions. “From the start, we have built our platform with the power of AI and ML to tackle the most complex supply chain challenges, leading to cost savings, operational efficiency, and waste reduction. This recognition underscores the innovation behind our platform, and the measurable value we are delivering to our customers every single day.”
The Coresight Research Innovator Matrix series is designed to help retailers and brands identify the top pre-IPO technology companies to integrate into their technology stack to drive growth. Coresight conducts a quantitative and qualitative analysis of companies’ level of innovation and market potential. Coresight’s selection of the top technology providers is based on their analysts’ expertise at the intersection of retail and technology, supported by key data sources.
“Demand forecasting is a critical yet challenging aspect of retail operations that significantly impacts a retailer and brand owners’ ability to maintain optimal inventory levels, meet consumer demand, and drive both top- and bottom-line growth,” said Steven Winnick, Vice President, Coresight Research. “Accurate demand forecasting is essential for retailers and brand owners to navigate the complexities of today’s retail environment, where consumer expectations for product availability and instant gratification are higher than ever. RELEX has exhibited an innovative approach to solving the demand forecasting conundrum for retailers and manufacturers worldwide.”
*Coresight Research: Innovator Matrix: Demand Forecasting, October 2, 2024