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AI-powered solutions for smarter grocery inventory and operational efficiency

Dec 19, 2024 • 2 min

Grocery is a critical sector in retail. But the vast array of categories and fast-moving goods that grocers manage combined with rising costs across the supply chain that squeeze margins, grocers must overcome numerous and sometimes overwhelmingly complex operational challenges. To remain competitive in today’s market, grocers need advanced technologies like AI-driven optimization and end-to-end visibility to improve operational efficiency, enhance customer satisfaction, and drive sustainable growth. 

Alexa Sandoval, RELEX Director of Business and Solution Consulting, explores how AI-enabled solutions from RELEX are helping grocery retailers achieve next-level inventory management and cross-functional optimization. 

True Inventory: Solving retail’s $400 billion accuracy problem

Transcript 

I’m Alexa Sandoval, and I’m the Director of Business and Solution Consulting here at RELEX Solutions. 

Grocery is a critical sector in retail, providing a one-stop-shop for all things that people need to maintain their daily lives. From food to cleaning and storage supplies to health, pet, and childcare products. But the vast array of categories and fast-moving goods that grocers must manage also make the complexity of their operations feel at times insurmountable.  

To remain competitive in today’s market, grocers need advanced technologies like AI-driven optimization and end-to-end visibility to improve operational efficiency, enhance customer satisfaction, and drive sustainable growth.  

RELEX takes forecasting and replenishment to the next level with AI-powered inventory optimization. RELEX True inventory uses AI and machine learning to improve in-store inventory accuracy, ensuring optimal product availability for all channels. It delivers smarter inventory management for both fresh and center-store categories, reducing phantom stock and optimizing replenishment.  

RELEX helps grocers reduce waste by optimizing demand forecasting, inventory management, and order planning across all channels. This enables retailers to maintain optimal stock levels, especially for fresh products, reducing overstock and spoilage by improving efficiency and minimizing food waste. RELEX supports grocers in achieving both sustainability and profitability goals. 

Many grocers miss the opportunity to leverage AI-driven insights from existing data to optimize workforce planning and store operations. RELEX Mobile Pro empowers store associates with a single AI-driven mobile application, improving stock replenishment, fresh item handling, and fresh management. 

RELEX enables grocers to integrate workforce planning with forecasting and replenishment, ensuring that store staff are present when needed based on customer demand and delivery schedules. This also minimizes overstaffing during slow periods. Our unified grocery platform integrates fresh and center-store operations, optimizing efficiency, reducing waste, and ensuring consistent product availability.  

AI-driven Insights connect supply chain store operations, IT, and merchandizing to drive cross-functional alignment and support sustainable growth. Empower your digital transformation journey with a scalable solution that adapts to your evolving needs and enhances customer satisfaction across all grocery categories. Reach out to learn more. We’d love to talk.

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