DALLAS - Family Express of Valparaiso, Ind. announced yesterday that it recently improved its inventory management operations by deploying Retalix Ltd.€™s Demand-Driven Replenishment solution across its northwestern Indiana convenience stores.
The demand forecasting and inventory replenishment system allowed Family Express to reduce its tobacco order size by 21%, while increasing its average monthly inventory turnover per store by 2.5 turns and decreasing its average inventory days on hand for tobacco products by 2.4 days.
The software solution has also provided Family Express with the option to automatically reorder a "significant percentage of all items in its stores," which has cut down on inventory management labor while reducing its out-of-stock rate.
"Retalix and its Demand-Driven Replenishment solution have helped us optimize our inventory management and elevated our operations to a higher, more sophisticated level," said Bill Nolan, vice president of marketing for Family Express. "The sales, turnover and inventory-on-hand improvements that we€™ve witnessed illustrate that the Retalix solution accurately forecasts demand for each store and keeps our inventory at an optimal level, which ultimately impacts our bottom line."
"Demand-Driven Replenishment is truly changing the game of inventory management, said Todd Michaud, president of Retalix USA. "By combining our proprietary science with our 30 years of retail experience, our demand forecasting and inventory replenishment system is proven to help retailers like Family Express efficiently and effectively reduce out-of-stocks, decrease losses from spoiled or damaged goods, and improve their overall inventory position and profitability."