Retalix DemandAnalytX is a browser-based forecasting and computer-generated ordering (CGO) solution that enables retailers and distributors to optimize inventory levels and improve demand-chain efficiencies. The software application uses unique algorithms to interpret point-of-sale (POS) sales and inventory data, forecast store-level demand [image-nocss] and optimize replenishment orders, while considering the full complexity of the c-store environment.
"We've always done a good job avoiding out-of-stocks in our stores, but admittedly, it has been at the cost of higher-than-necessary inventory levels, especially in the tobacco category," said Jim Brown, president of 7-Eleven Stores. "We've known that with the right tool we could achieve a significant reduction in inventory while at the same time maintaining minimum out-of-stocks. We believe DAX is the right tool."
Brown added, "It's a tremendous time-saving tool for our managers, too. Orders that used to take up to an hour to write are now generated automatically by DAX, affording our managers more time to take care of our customers. In the end, it makes us more efficient operators, always ensuring we have the right amount of inventory on hand for each individual product tracked by the DAX system."
Retalix DemandAnalytX, deployed at more than 1,300 retailers in North America, has helped retailers, on average, reduce inventory by 15%, out-of-stocks by 50% and spoilage by 45%, the company said.
Retalix and 7-Eleven Stores began the installation at the first stores in late 2007.
Oklahoma City-based 7-Eleven Stores is not affiliated in any way with Dallas-based 7-Eleven Inc., and has been in business for more than 55 years. In addition to retail stores that sell food and unbranded fuel, 7-Eleven owns and operates a bakery/commissary and small distribution center.
Retalix is an independent provider of software solutions to retailers and distributors worldwide. Its solutions serve the needs of grocery chains, convenience and fuel retailers, food and consumer goods distributors and independent grocers. The company offers a portfolio of software applications that automate and synchronize essential retail and supply chain operations, encompassing stores, headquarters and warehouses. The company's International headquarters is located in Ra'anana, Israel, and its American headquarters is located in Dallas.Members help make our journalism possible. Become a CSP member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.