Dallas -- Family Express has improved its inventory management operations significantly by deploying Retalix Ltd.’s demand-driven replenishment solution across its convenience stores in Northwestern Indiana, Retalix said.
By using this demand forecasting and inventory replenishment system, Family Express reduced its tobacco order size by 21% while increasing its average monthly inventory turnover per store by 2.5 turns. The software application has also helped decrease the retailer’s average inventory days on hand for tobacco products by 2.4 days.
In addition, the solution has given Family Express the option to automatically re-order a significant percentage of all items in its stores, effectively reducing inventory management labor, and thus increasing customer face time. The convenience retailer is also experiencing a much reduced 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, VP of marketing for Family Express, Valparaiso, Ind. “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.”