Predictive inventory solution
RELEX True Inventory reduces stockouts and lost sales
Inventory inaccuracy, or phantom inventory, is a common challenge for retailers, resulting in unforeseen stockouts and lost sales.
RELEX True Inventory leverages machine learning and AI to establish a more precise view of the inventory balance on hand. It increases store efficiency, reduces stockouts, and ensures more precise inventory management for enhanced customer satisfaction.
Up to 2%
sales lift
27%
error reduction
No increase
in spoilage with sales increase
Improved
stock management
Inaccurate inventory leads to customer dissatisfaction
Whether it’s phantom inventory or a lack of perpetual inventory, poor data accuracy and inaccurate inventory can result in lost sales, increased holding costs, and diminished customer satisfaction due to an inability to meet demand accurately.
RELEX uses AI to improve data accuracy as it builds and maintains perpetual inventory from POS transactions, constantly learning from new data streamed into RELEX. This helps retailers improve inventory accuracy, leading to better order proposals, reduced waste, increased store efficiency, and ultimately, happier customers.
Key features
Enhance inventory accuracy through phantom inventory identification
Reduce time spent on inventory checks, prevents lost sales, improves ordering accuracy, and increases operational efficiency.
Benefits
Better data for more accurate inventory
Enhance operational efficiency and reduce costs through accurate inventory
management and streamlined inventory processes.
Reduce stockouts and overstock issues
Better demand alignment and reduced stockouts or overstock situations lead to a more responsive and efficient supply chain.
Real-time insights to support data-driven decisions
Advanced data analytics provide real-time insights for decision-making while integrating seamlessly with existing systems.
Create streamlined operations and accurate stock levels
Prevent lost sales by enabling timely correction of stockouts and securing high on-shelf availability for increasing customer satisfaction. Reduce time-consuming manual inventory tasks and improve order accuracy by providing precise and up-to-date inventory.
RELEX Mobile Pro
Empower your stores to optimize their fresh forecasting and replenishment operations with RELEX Mobile Pro. Our mobile app focuses on managing the complexities of fresh – improving store efficiency, maximizing sales and profitability while also minimizing waste and spoilage.
Built on the RELEX fresh management knowledge base, RELEX Mobile Pro supports fresh store operators and center store workers, all on one app.
Resources you might be interested in
We’ve accumulated a wealth of supply chain & retail expertise from our 1,500+ planning specialists.
Waste not: How grocery retailers transform fresh produce from margin-eater to high performer
Find out how RELEX helps grocery retailers manage fresh produce, avoiding waste, boosting sales, and guaranteeing freshness.
Increasing labor efficiency in stores and distribution centers with inventory management solutions
In today’s market, labor has added more strain to retailers’ operations. Whether it is the rising cost of labor, retention of the more experienced workforce, or needing to onboard a different profile of workers onto complex systems or processes, all these scenarios and more are increasing in frequency, hurting the efficiency of the supply chain.
4 strategies for managing fresh fruits and vegetables in grocery retail
Master fresh produce management in grocery retail, leveraging machine learning and collaboration for better freshness, availability, and profitability.
Ready to transform your supply chain & retail planning?
We’re happy to discuss your business needs and share how our market-leading, unified platform can help you drive profitable growth across your sales and distribution channels.