In an effort to optimize overall in-stock position and reduce excess inventory and out-of-stocks, Weis Markets will leverage Retalix’s Demand-Driven Replenishment solution. The technology, part of the Retalix Merchandising Solution Suite, is a demand forecasting and store replenishment system designed to help fast-moving consumer goods retailers optimize inventory management and positions.
Founded in 1912, Weis Markets, Inc. currently operates 164 stores in Pennsylvania, Maryland, New Jersey, New York and West Virginia. The supermarket retailer plans to roll out Retalix Demand-Driven Replenishment in 2011. The solution also will be integrated with the other Retalix solutions already in use at Weis, the company reported. A customer of Retalix for more than 10 years, Weis Markets has previously implemented Retalix’s supply chain management solutions and HQ/Store pricing and merchandising system.
A majority of retailers indicate that the ability to efficiently and accurately forecast is closely correlated to the success of optimizing the “right mix of traffic and profit builders,” according to the Retail Systems Research (RSR) May 2011 report Crystal Ball 2.0: The State of Retail Demand Forecasting. More than one-third (68%) of retailers consider the ability to conduct long-term forecasts “very valuable.”
“We wanted a system that could provide demand-based forecasting and replenishment and assist us in optimizing our inventory, [and] Retalix’s Demand-Driven Replenishment solution was the ideal fit,” said Bob Mawyer, VP of Information Technology at Weis Markets. “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.”
RSR will present the results of its benchmark study, as well as that state of retail demand forecasting during a webinar presented May 11 at 1 p.m. ET. Register here to attend.