Optimizing inventory management for online retail
Online retailers need to make smart, data-based decisions on what to stock and what not, to manage their large catalogues of items available.
AI needs to be more than just a bright, shiny object
Rather than shifting tasks to customers, AI is put to best use by automating repetitive tasks to free up retail personnel for higher-value and customer-centric work.
The impact of urbanization in the age of living retail
Retail is about people: what we need, what we want, and where and how we live. That’s why significant innovations always have and always will mirror demographic trends, such as rapid urbanization.
Food waste reduction demands new supply chain solutions
Where there is challenge, there is always opportunity. All grocers with waste reduction goals should take a serious look at the benefits of an integrated supply chain.
Change agents in the age of living retail: The power shift
In the second part of this blog series, we discuss how retailers can effectively address one of the major change agents in the age of Living Retail: a power shift toward the consumer.
The age of living retail: Staying ahead when change is the only constant
Living Retail is a state of constant flux, and retailers must plan for every possible future they might encounter — not just the static vision of the future they’re predicting today.
How to convince your CIO to embark on your retail planning project
We interviewed a few CIOs to see what they thought were the corner stones of new system implementations and wrote down the recurring themes concerning retail planning.
Recapture sales from digital players by improving out-of-stocks
Traditional retailers can recapture sales from digital players who have significantly lower service levels by ensuring great availability in stores.
Making the most of markdowns
Markdowns cost retailers billions, yet they are essential in the world of retail. To make most of it, retailers need to maximize margin and avoid excess stock.
Frictionless retail and the new grocery supply chain
Running a grocery business has changed fundamentally: The days of working on intuition have passed, and the days of data analytics and frictionless retail are here.
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.