Increase forecast accuracy for improved decision-making and outcomes
up to 99%
forecast accuracy
up to 85%
reduction in stock-outs
up to 30%
reduction in inventory
RELEX enables quick response to changes in demand
The RELEX platform removes siloed planning and offers a holistic approach that considers all demand drivers, enabling more informed decisions, and allowing quick responses to change in demand. The platform helps to reduce inventory holding costs and spoilage levels while improving service levels for customers.
Key features
Anticipate demand in a whole new way
Automated demand forecasting combines with exception-based and collaborative demand planning workflows to better manage new product introductions, seasons, promotions, and forecast discrepancies.
Machine learning (ML) predicts the impact of all relevant demand drivers, including merchandising decisions, internal commercial decisions, external events, consumer preferences, and seasonality to increase forecast accuracy.
Integrate retail data with forecasting to quickly capture demand changes caused by assortment changes, retail promotions, and new product introductions.
The RELEX user interface (UI) makes it easy for users to manually correct forecasts, with clear dashboards at different levels to support review and reporting and provides forecast visualizations that show how different demand factors impact forecasts.
Probabilistic AI-based modeling ensures uncertainty in supply and demand is translated into automated, and transparent actions, fostering trust and efficiency.
Benefits
Increase demand forecasting accuracy for better business results
Accurately predict demand to ensure the right stock, resources, and capacity are available to maximize sales and customer satisfaction at low cost.
Leverage actionable analytics for highly accurate demand forecasts
RELEX demand planning creates highly accurate demand forecasts based on historical data, market trends, and other relevant factors. RELEX supplies high-level automation to create actionable analytics so demand planners can focus on value-adding activities.
Adapt to changing business requirements with RELEX
The RELEX platform can process enormous amounts of data to scale with an organization and is flexible enough to adapt to changing business requirements. RELEX works with existing systems, there is no need to update or replace them. Its no-code configuration simplifies and reduces the amount of time needed to deploy the RELEX platform, allowing customers to reduce costs and enjoy its benefits sooner.
Optimize inventory holding needs and costs along with spoilage levels
RELEX demand planning software is user-friendly and easy to navigate, with an intuitive interface, along with clear and concise reporting and analytics. It helps reduce inventory holding needs and costs and reduces spoilage levels.
In the driver’s seat; AutoZone’s journey to demand planning success
Get a behind-the-scenes view into AutoZone’s journey from demand planning through a legacy system to adopting a configurable and flexible retail planning software.
“The teams have done a fantastic job. The RELEX consultants worked closely with our experts and took the time to understand our business. This meant they could design a solution that was right for Finsbury. It was never a case of just pushing textbook best practices.”
Liam McVey Group Demand Planning Manager, Finsbury
Through RELEX, Finsbury achieved enhanced responsiveness, enabling the formulation of alternative scenarios that mitigated many of the challenges faced.
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“Everything about the system is intuitive. In the old tool, the planner had to manually select an algorithm for each SKU and location, which was a qualified guess at best. RELEX automatically picks the best alternative, so it’s a lot faster. We now have much better visibility of demand, and our forecast accuracy has improved significantly.”
This guide helps retailers and consumer packaged goods (CPG) companies establish a strong foundation for demand forecasting best practices in the supply chain environment.
Following a successful deployment of the RELEX forecasting and replenishment solutions, Prisma Peremarket began exploring how RELEX could further automate and streamline tasks to enhance their store operational efficiency.
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