RELEX Solutions Equips Retailers with Unified Retail and Supply Chain Strategies at NRF APAC 2024

Equipping retailers with effective pricing and promotions strategies, interactive demos, in-booth customer presentations, and a Big Ideas panel with C-level leaders from FairPrice and Accenture

At the inaugural National Retail Federation (NRF) 2024: Retail’s Big Show Asia Pacific, RELEX Solutions will showcase a unified solution for the region’s retailers, covering the value chain end-to-end. RELEX will cover all bases and offer retailers strategic advice and easy-to-use software to ensure they stay competitive in an era of economic volatility. The in-booth demos and tangible customer case studies help visitors gain practical knowledge, while the Big Ideas panel with C-level leaders from FairPrice and Accenture offers fresh insights from industry leaders.

“At the inaugural NRF Asia Pacific 2024, RELEX helps retailers grasp the essence of how our unified solution bolsters supply chain optimization, from accurate demand forecasting to the spot-on pricing strategy, and to space planning that can be customized to each individual store,” said Mikko Kärkkäinen, co-founder and group CEO, RELEX Solutions. “Our adaptable capabilities are exceptionally suited to support retailers in Asia Pacific, one of the fastest growing, yet highly complex, regions in the world. Join us for concrete demos that show you how our unified platform works to tackle even the most complicated environments, and the gains it can bring you.” 

RELEX Mobile Pro Simplifies Stock and Fresh Item Replenishment Process

New advanced AI-driven in-store mobile app empowers store personnel, improves store efficiency, and maximizes sales and profitability

RELEX Solutions, a provider of unified supply chain and retail solutions, recently introduced RELEX Mobile Pro, an advanced AI-driven in-store execution application for retailers, suppliers, wholesalers, and manufacturers. RELEX Mobile Pro is the ideal solution for retailers looking to consolidate their many in-store tools and processes. It empowers store colleagues with an easy and accurate store ordering and tasking offering, with a particular focus on managing the complexities of the fresh business. RELEX Mobile Pro not only improves store efficiency but also helps retailers maximize sales and profitability while minimizing waste and spoilage.

Over 40% of grocery retail sales came from fresh departments last year, making it critical to ensure the fresh department is always in stock and exceptionally fresh. By combining the RELEX Mobile Pro solution with the proven AI-driven machine learning capabilities of RELEX, customers can overcome typical fresh-specific challenges, including poor inventory visibility, product availability, and product presentation to the consumer. By combining targeted, exception-based workflows with science-based recommendations, the RELEX offering can boost store personnel engagement, ensure product availability, and optimize customer service.

RELEX Solutions Acquires Optimity for Unified Upstream Supply Chain Planning and Optimization Capabilities

 

Acquisition enhances the company’s manufacturing planning and optimization capabilities to give consumer goods companies synchronized demand, supply, production, and distribution planning, in one platform 

RELEX Solutions, provider of unified supply chain and retail planning solutions, has announced that it has acquired Optimity, a supply chain planning and optimization provider. The acquisition will bolster the RELEX retail and supply chain platform with daily production planning, optimization, and production scheduling capabilities which are crucial for the end-to-end consumer goods value chain.

“The consumer goods industry is incredibly dynamic and complex. Acquiring Optimity will seamlessly link downstream demand with upstream planning, so consumer goods companies can more accurately predict consumer demand, optimize production plans and schedules, adjust inventory levels, and respond quickly to market changes or unexpected disruptions,” said Mikko Kärkkäinen, co-founder and group CEO, RELEX. “This acquisition also further accelerates our vision towards an adaptive, autonomous and synchronized supply chain unifying demand and supply planning decisions in one platform to minimize all wasted cost and product. We warmly welcome the Optimity team to RELEX.”

Store-specific planogram: AI-driven trend that changes retail space planning

 

In the retail industry, customer expectations are straightforward: they want to easily find the products they need and enjoy a hassle-free shopping experience. If a store falls short in these aspects, it risks losing its place as a preferred shopping destination for customers. That is precisely why the foundation of a great customer experience lies in effective space planning.

Commonly referred to as a planogram, space planning involves optimizing a store's layout and product placement to enhance customer experiences and increase sales. Effective strategies include positioning high-demand and seasonal items near the entrance, ensuring accessibility and visibility in key areas, and adapting layouts based on sales data and customer feedback.

Leveraging Artificial Intelligence to Manage the Effects of Global Supply Chain Disruptions

 

As the Philippines continue to experience high inflation, recording 8.6% in February 2023, Filipinos are expected to adjust their budgets and prioritize essential goods and services. While this poses an opportunity for grocery retailers to increase sales, the ongoing global supply chain disruptions have also made it difficult to keep inventory high and prices low.

According to the World Economic Forum, the invasion of Ukraine is a primary cause of much of the energy and food price inflation in many countries and is fueling a global food crisis. Extreme weather also continues to disrupt the global supply chain by impacting major shipping routes and crop yields. In the Philippines, storms in the 2021-22 crop year caused sugar shortages, resulting in skyrocketing price increases from Php 54.5 to Php 89.5 per kilo for refined sugar.

On Pricing & Promos: The Common Challenges of a Filipino Retailer

A recent study by the World Remit found that Filipinos spend 100% of their salary on gifts for family and friends during the holiday season — creating sales opportunities for retailers recovering from the pandemic or starting new ventures. As consumers increasingly become more comfortable going to shopping malls, shop owners need to use strategic in-store and online promotions to effectively cut through the noise and catch customer attention.

RELEX Solutions, a global leader in supply chain and retail planning, breaks down retailers’ most common promotions questions and shares a few tips to generate sales during the holiday season.