Latest news with #RELEX
Yahoo
13-05-2025
- Business
- Yahoo
Guitar Center taps RELEX for AI-driven replenishment capabilities
US musical instrument retailer Guitar Center has partnered with RELEX Solutions to optimise its allocation and store replenishment planning. The collaboration aims to bolster the efficiency of Guitar Center's network, which includes over 300 stores and multiple distribution centres throughout North America. RELEX's AI-driven supply chain and retail planning solutions will foster better product availability while concurrently reducing inventory levels for its extensive range of over 7,000 stock-keeping units. In addition to maintaining optimal stock levels, the company seeks to address the issues it faced with previous systems, which often resulted in excess inventory or stock shortages. The new system will allow Guitar Center to synchronise its inventory more closely with consumer demand patterns. Guitar Center merchandising and supply chain senior vice-president Remo Puccio said: 'We selected RELEX for their proven expertise in the speciality retail sector and their advanced, AI-driven planning solution, which aligns seamlessly with our unique needs. "Their established track record in retail gives us confidence in their ability to deliver results, and we look forward to enhancing our business performance through this collaboration.' RELEX's platform is designed to provide real-time insights into inventory levels, enabling Guitar Center to make more informed and timely decisions regarding store replenishment. This move is anticipated to reduce instances of stockouts and overstocking, ensuring customers have consistent access to desired products. The automation facilitated by RELEX will also allow Guitar Center employees to shift their focus toward more strategic initiatives, thus improving overall operational efficiency within the company. RELEX Solutions sales senior vice-president Keith Adams said: 'Our flexible, AI-driven solutions are tailored to meet the complex demands of speciality retail. We're confident this partnership will improve product availability across their stores while optimising inventory levels to drive efficiency and customer satisfaction.' In December last year, Mexican toy retailer Grupo Juguetron selected RELEX Solutions to improve its operational efficiency and enhance the customer experience. "Guitar Center taps RELEX for AI-driven replenishment capabilities" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Associated Press
26-03-2025
- Business
- Associated Press
RELEX Report: Economic Pressures Force Supply Chain Reality Check - 60% of Companies Investing in AI, But Nearly Half Face Talent Constraints
Companies are aggressively investing in AI across supply chains to counter inflation and trade volatility, but a growing execution gap threatens to derail these efforts, according to the second annual State of Supply Chain 2025: Balancing Inflation, Investment & Innovation report from RELEX Solutions. While 60% of surveyed companies are prioritizing AI and automation investments, nearly half (44%) can't find the specialized talent needed to implement these technologies. Companies also struggle with budget constraints that limit their ability to scale AI initiatives ( 43%) as well as poor data quality ( 39%). The comprehensive study surveyed 500+ retail, CPG manufacturing, and wholesale professionals across seven countries, revealing how economic headwinds are simultaneously driving technology investment and forcing strategic pivots: Inflation is reshaping retail strategies – 31% of retailers are optimizing operations and 31% are adjusting pricing to stay competitive Private label expansion has become mainstream – 59% of retailers are growing own-brand portfolios as consumers seek value Food and beverage manufacturers face margin pressure – 70% have increased discounting aggressively, while 40% have introduced value-tier products These findings expand on the early released findings of the report showing 60% of companies fundamentally restructuring their supply chains, with 52% citing demand volatility as their primary challenge and 47% concerned about tariff uncertainty and trade disruptions. 'Today's supply chain leaders face a dual challenge – they must innovate through technology while adapting to economic pressures,' said Dr. Madhav Durbha, Group Vice President of Manufacturing Industry Strategy at RELEX Solutions. 'The gap between AI's potential and its practical implementation represents both the greatest risk and opportunity in supply chain transformation today.' The report also identifies Generative AI (59%), Predictive AI (43%), and Cloud-native solutions (34%) as the top technology investment priorities, with most companies allocating between 5-20% of their technology budgets to AI-driven solutions despite market volatility. 'As businesses navigate economic volatility and evolving consumer behaviors, the report underscores the importance of flexible supply chain strategies that combine technology investment with operational agility,' said Durbha. 'Organizations that can bridge the gap between AI's potential and practical implementation will gain a competitive edge, while those that lag behind may struggle to keep pace.' Methodology The RELEX State of Supply Chain 2025: Balancing Inflation, Investment & Innovation report provides deeper insights into the challenges, investment priorities, and strategies shaping supply chains over the next 3-5 years. The report was conducted by Researchscape, surveying 519 retail, CPG manufacturing, and wholesale leaders globally in January 2025. About RELEX RELEX Solutions provides a unified supply chain and retail planning platform that aligns and optimizes demand, merchandising, supply chain, operations and production planning across the end-to-end value chain. We help retailers, manufacturers, and consumer goods companies like ADUSA, AutoZone, Coles, Dollar Tree and Family Dollar, M&S Food, PetSmart, and The Home Depot drive profitable growth across all sales and distribution channels, leading to higher product availability, increased sales, and improved sustainability. Learn more at: Vice President of Communications RELEX Solutions [email protected] Yawn Senior Communications Manager SOURCE: RELEX Solutions Copyright Business Wire 2025. PUB: 03/26/2025 09:41 AM/DISC: 03/26/2025 09:41 AM
Al Bawaba
17-03-2025
- Business
- Al Bawaba
RELEX Forum Riyadh highlights AI's role in Saudi Vision 2030 and retail growth
RELEX Solutions, a provider of unified supply chain and retail planning solutions, hosted its first Middle East event, RELEX Forum Riyadh, at the Finnish Embassy on 24 February. The forum brought together 30 industry experts to discuss the role of AI in advancing supply chain efficiency and retail operations, aligning with Saudi Vision 2030's objectives. RELEX Solutions, known for delivering a unified platform to retailers, wholesalers, and manufacturers, improve operational efficiency, emphasized its commitment to supporting businesses in the region through AI-powered planning. The event marked a significant step in fostering international collaboration between Finland and Saudi Arabia, particularly in technology-driven retail strategies. AI plays a key role in Saudi Vision 2030 Alex Centimerio, Sales Director, MENAT at RELEX, opened the forum with a keynote on the future of supply chain and retail planning, outlining the critical role of AI in shaping the sector's next decade. 'By 2030, the winners in retail will rely on AI-enabled strategies in an increasingly hyper-competitive landscape. Adopting an advanced supply chain and retail planning solution will play a key role in helping Saudi businesses achieve the ambitious goals set by Saudi Vision 2030,' said Centimerio. The event highlighted RELEX's impact on the region with solutions driving operational improvements for their customers. By integrating AI-driven insights into planning, RELEX customers can enhance availability, improve demand forecasting, and reduce waste, contributing to more efficient supply chain management. With over 500 customers worldwide, RELEX has established a strong presence in the Middle East, supporting leading businesses such as Panda Retail, Getir, Binzagr, and Majid Al Futtaim. The company's approach integrates AI and automation to optimize inventory, logistics, and production planning, ensuring businesses can meet customer demand while minimizing inefficiencies. Finland and Saudi Arabia forge closer ties through tech and innovation The Finnish Ambassador to Saudi Arabia, Anu-Eerika Viljanen, hosted the event at the Embassy Residence, reinforcing the importance of bilateral cooperation in technological advancement. 'Saudi Arabia is a key global player and a valuable partner for Finland. I was delighted to host RELEX Forum Riyadh, providing a platform to foster collaboration, exchange expertise, and strengthen the ties between our nations in the fields of technology and innovation,' she said. As Saudi businesses increasingly focus on digital transformation, the demand for AI-driven solutions continues to grow. By leveraging predictive analytics and automation, RELEX aims to support retailers, wholesalers, and manufacturers in adapting to changing market dynamics, enhancing operational resilience, and aligning with the sustainability goals set out in Saudi Vision 2030. RELEX Forum Riyadh served as a platform for knowledge exchange and industry dialogue, underscoring the company's role in driving innovation in retail and supply chain planning. The event's success reflects the region's growing appetite for AI-driven efficiencies and marks an important milestone in RELEX's expansion across the Middle East.
Zawya
17-03-2025
- Business
- Zawya
RELEX Forum Riyadh highlights AI's role in Saudi Vision 2030 and retail growth
RELEX Forum Riyadh underscored the company's commitment to helping businesses in the region enhance efficiency, reduce waste, and align with Saudi Vision 2030. Riyadh — RELEX Solutions, a provider of unified supply chain and retail planning solutions, hosted its first Middle East event, RELEX Forum Riyadh, at the Finnish Embassy on 24 February. The forum brought together 30 industry experts to discuss the role of AI in advancing supply chain efficiency and retail operations, aligning with Saudi Vision 2030's objectives. RELEX Solutions, known for delivering a unified platform to retailers, wholesalers, and manufacturers, improve operational efficiency, emphasized its commitment to supporting businesses in the region through AI-powered planning. The event marked a significant step in fostering international collaboration between Finland and Saudi Arabia, particularly in technology-driven retail strategies. AI plays a key role in Saudi Vision 2030 Alex Centimerio, Sales Director, MENAT at RELEX, opened the forum with a keynote on the future of supply chain and retail planning, outlining the critical role of AI in shaping the sector's next decade. 'By 2030, the winners in retail will rely on AI-enabled strategies in an increasingly hyper-competitive landscape. Adopting an advanced supply chain and retail planning solution will play a key role in helping Saudi businesses achieve the ambitious goals set by Saudi Vision 2030,' said Centimerio. The event highlighted RELEX's impact on the region with solutions driving operational improvements for their customers. By integrating AI-driven insights into planning, RELEX customers can enhance availability, improve demand forecasting, and reduce waste, contributing to more efficient supply chain management. With over 500 customers worldwide, RELEX has established a strong presence in the Middle East, supporting leading businesses such as Panda Retail, Getir, Binzagr, and Majid Al Futtaim. The company's approach integrates AI and automation to optimize inventory, logistics, and production planning, ensuring businesses can meet customer demand while minimizing inefficiencies. Finland and Saudii Arabia forge closer ties through tech and innovation The Finnish Ambassador to Saudi Arabia, Anu-Eerika Viljanen, hosted the event at the Embassy Residence, reinforcing the importance of bilateral cooperation in technological advancement. 'Saudi Arabia is a key global player and a valuable partner for Finland. I was delighted to host RELEX Forum Riyadh, providing a platform to foster collaboration, exchange expertise, and strengthen the ties between our nations in the fields of technology and innovation,' she said. As Saudi businesses increasingly focus on digital transformation, the demand for AI-driven solutions continues to grow. By leveraging predictive analytics and automation, RELEX aims to support retailers, wholesalers, and manufacturers in adapting to changing market dynamics, enhancing operational resilience, and aligning with the sustainability goals set out in Saudi Vision 2030. RELEX Forum Riyadh served as a platform for knowledge exchange and industry dialogue, underscoring the company's role in driving innovation in retail and supply chain planning. The event's success reflects the region's growing appetite for AI-driven efficiencies and marks an important milestone in RELEX's expansion across the Middle East. About RELEX Solutions RELEX Solutions delivers a unified platform for retail, manufacturing, and supply chain planning, enabled by proven AI technology. We help retailers, manufacturers, and consumer goods companies optimize demand forecasting, replenishment, merchandising, pricing and promotions, supply chain operations, and production planning across the end-to-end value chain. Companies like ADUSA, AutoZone, Coles, Circle K, Dollar Tree and Family Dollar, M&S Food, PetSmart, Rituals, The Home Depot, and Systemair trust RELEX to increase product availability, boost sales, deliver actionable insights, improve sustainability, and drive profitable growth. Learn more at:
Yahoo
17-02-2025
- Business
- Yahoo
RELEX Solutions Unveils New Category Management Capabilities
New cloud-native solution designed to streamline space planning processes, simplify planogram management, and increase strategic decision-making ATLANTA & HELSINKI, February 17, 2025--(BUSINESS WIRE)--RELEX Solutions today introduces a new, modern approach to category reviews with RELEX Space for Category Management. Built within a cloud-native interface, RELEX Space empowers retailers to optimize merchandising plans to deliver the right products at the right time and place, meeting consumer demand, while maximizing sales and profitability. RELEX Space for Category Management strategically optimizes shelf space allocation and provides insights into category adjacencies, ensuring that popular categories have enough space to meet customer demand. Automating and optimizing planogram updates using artificial intelligence (AI) and machine learning (ML) reduces time-consuming manual processes and enables retailers to reflect current sales trends, customer preferences, and seasonal variations. RELEX Space for Category Management also fosters cross-functional collaboration, allowing supply chain and merchandising teams to plan and develop the category management strategy, and make decisions seamlessly. By connecting and leveraging space, labor, inventory, and forecast data, planners can assess the true cost to serve and how to grow revenue. "Retailers often struggle with the sheer volume of sales, inventory, and customer behavior data required for effective category management and space planning. Couple that with needing to determine optimal shelf space allocation for each category to maximize sales and profitability, and you have a complex challenge to solve," said Tommi Ylinen, Chief Product Officer at RELEX Solutions. "Our new capabilities address these challenges through a unified approach, which helps to improve inventory and on-shelf availability through data-driven decision-making, while boosting sales and meeting consumer demand." New capabilities include: A cloud-native solution that allows for easy deployment of new features and updates without lengthy downtime or complex migration processes, reducing the total cost of ownership for customers. An intuitive user interface that simplifies planogram and floor plan management for space planners, allowing retailers to focus more on strategic decision-making. An improved workflow selection and management process to support user adoption. A sandbox environment so planners can conduct multiple category or location reviews simultaneously. A more automated process for reviewing and publishing planograms, reducing the risk of errors and driving greater efficiency. RELEX Space for Category Management also seamlessly integrates with the RELEX forecasting and replenishment solutions, creating a unified environment that improves data-driven decision-making across the supply chain. By integrating the forecasting, replenishment, assortment, and space management functions, data can be shared and updated in near real-time, ensuring inventory levels are optimized and shelf space allocation aligns with demand forecasts. This seamless integration shifts category managers from operational to proactive, enabling them to respond swiftly to market demands and maximize business outcomes. "We are very happy with the new capabilities being announced today, aimed at optimizing retail space and product assortments more effectively," said Andy Rigby, Chief Operating Officer, East of England Co-op. "New innovations like the safe 'sandbox' environment for testing new planograms and the ability to manage multiple simultaneous category or location reviews give us greater flexibility and control. These features enable us to develop more precise and tailored category management strategies, supporting our goal of improving sales and customer satisfaction." About RELEX RELEX Solutions provides a unified supply chain and retail planning platform that aligns and optimizes demand, merchandising, supply chain, operations, and production planning across the end-to-end value chain. We help retailers, manufacturers, and consumer goods companies like ADUSA, AutoZone, Coles, Dollar Tree and Family Dollar, M&S Food, PetSmart, and The Home Depot drive profitable growth across all sales and distribution channels, leading to higher product availability, increased sales, and improved sustainability. Learn more at: View source version on Contacts Jolene PeixotoVice President of CommunicationsRELEX Savannah YawnCommunications ManagerRELEX Sign in to access your portfolio
