Product Overview of RELEX Solutions
RELEX Solutions offers a comprehensive, AI-powered platform designed to optimize supply chain and retail planning for retailers, consumer goods companies, and wholesalers. Here’s a detailed look at what the product does and its key features.
Core Functionality
RELEX Solutions provides a unified platform that integrates all aspects of supply chain and retail operations, enabling businesses to align their planning processes with actual demand. This alignment is crucial for driving profitability through increased sales and reduced costs, while minimizing waste and improving customer satisfaction.
Key Features
1. AI-Driven Demand Forecasting and Optimization
- The platform uses advanced AI and machine learning algorithms to forecast demand accurately, taking into account various demand drivers such as weekdays, price, promotions, holidays, local events, and weather. This ensures high on-shelf availability and optimal inventory levels.
2. End-to-End Inventory Planning
- RELEX automates and streamlines complex inventory optimization processes, allowing for 99 % availability with less stock. This results in significant reductions in inventory, out-of-stocks, and food waste.
3. Automatic Replenishment System
- The system automates routine replenishment and inventory allocation tasks, including store ordering, distribution center replenishment, and seasonal planning. This can lead to up to 100% automated store ordering and an 85% reduction in stock-outs.
4. Unified Data Platform
- The platform integrates data from across the entire supply chain and retail operations into a single, centralized data engine. This provides comprehensive visibility and control, enabling seamless communication and data sharing among cross-functional teams.
5. Scalable and Configurable Architecture
- The RELEX platform is highly scalable and configurable, allowing businesses to adapt it to their specific needs without the need for complex coding or costly updates. This ensures quick time to revenue and minimal IT involvement.
6. Advanced Analytics and Reporting
- The platform offers detailed analytics and reporting capabilities, supported by in-memory computing and in-database processing. This enables quick and cost-effective responses to market changes and internal business decisions.
7. Workforce, Space, and Assortment Optimization
- In addition to inventory management, RELEX optimizes workforce planning, store space allocation, and product assortment to ensure maximum efficiency and customer satisfaction.
Benefits
- Improved Customer Satisfaction: By ensuring high on-shelf availability and reducing out-of-stocks, RELEX enhances customer satisfaction and loyalty.
- Cost Reduction: The platform helps in reducing supply chain costs, inventory levels, and waste, thereby freeing up working capital.
- Increased Efficiency: Automation of routine tasks and streamlined operations lead to significant efficiency gains and reduced operational costs.
- Enhanced Visibility and Collaboration: RELEX provides real-time visibility across the supply chain, facilitating better decision-making and collaboration among different departments.
Success Metrics
- 500 Successful Implementations
- 100% Customer Referenceability
- 62 Customer NPS
- Significant Reductions in Inventory, Out-of-Stocks, and Food Waste (e.g., 30% inventory reduction, 25% fewer stockouts during promotions, 10-40% reduction in food waste).
In summary, RELEX Solutions offers a powerful, AI-driven platform that streamlines and optimizes supply chain and retail planning processes, enabling businesses to achieve higher efficiency, reduce costs, and improve customer satisfaction.