Weis Aims to Reduce Out-of-Stocks
Weis Markets plans to optimize its overall in-stock position and reduce excess inventory and out-of-stocks in its stores by using Retalix’s Demand-Driven Replenishment solution.
“We wanted a system that could provide demand-based forecasting and replenishment and assist us in optimizing our inventory. Retalix’s Demand-Driven Replenishment solution was the ideal fit,” said Bob Mawyer, Weis Markets VP of information technology. “In addition, we expect it to help us drive sales and improve our customer experience by reducing out-of-stocks, while making our operations more efficient and reducing overall costs.”
Retalix’s Demand-Driven Replenishment solution is part of the Retalix Merchandising Solution Suite. It is a demand forecasting and store replenishment system designed specifically for fast-moving consumer goods retailers, to optimize inventory management and positions, reduce out-of-stocks, streamline the order process, improve cash flow and help retailers use resources more efficiently.
“We’re excited to extend our partnership with Weis Markets and are positive that Retalix Demand-Driven Replenishment will assist them in optimizing their inventory positions and replenishment processes,” said Roy Simrell, Retalix USA president. “We believe Weis Markets will experience increased visibility and control over its inventory management, which should help them cut costs, increase margins and provide superior customer service and stock availability through automated product replenishment.”
The Demand-Driven Replenishment solution is based on Microsoft technologies, and is comprised of four core modules – Demand Forecasting, Inventory Management, Order Optimization and Analytics – and it contains advanced proprietary algorithms to interpret demand and optimize replenishment orders. Retailers using Demand-Driven Replenishment have reported significant out-of-stock reductions, decreased inventory levels and inventory costs, and lower spoilage of perishable products.
Weis Markets plans to roll out Retalix Demand-Driven Replenishment this year, and the solution will also be integrated with the other Retalix solutions already in use by the grocer. A customer of Retalix for more than 10 years, Weis Markets has been using Retalix’s supply chain management solutions and HQ/Store pricing and merchandising system.
Founded in Sunbury, Pa., in 1912, Weis Markets Inc. operates 164 stores in Pennsylvania, Maryland, New Jersey, New York and West Virginia. Dallas-based Retalix is an independent provider of software solutions and services to retailers and distributors worldwide.