7-Eleven Stores Partner with Retalix
OKLAHOMA CITY, Okla. -- In an attempt to optimize inventory levels and improve demand-chain efficiencies, 7-Eleven Stores, a privately held operator of more than 100 locations, will roll out Retalix DemandAnalytX software solutions at all Oklahoma locations.
"We've always done a good job avoiding out-of-stocks in our stores, but admittedly, it's been at the cost of higher-than-necessary inventory levels, especially in the tobacco category," Jim Brown, president of 7-Eleven Stores, said in a released statement.
"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," he continued. "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."
Ray Carlin, executive vice president of Retalix, explained that Retalix DemandAnalytX uses unique algorithms to interpret point-of-sale and inventory data, forecast store-level demand and optimize replenishment orders, while considering the full complexity of the convenience store environment.
The software, explained Carlin, has been deployed at more than 1,300 retailers in North America, and, on average, reduces inventory by 15 percent, out-of-stocks by 50 percent, and spoilage by 45 percent.
"We've always done a good job avoiding out-of-stocks in our stores, but admittedly, it's been at the cost of higher-than-necessary inventory levels, especially in the tobacco category," Jim Brown, president of 7-Eleven Stores, said in a released statement.
"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," he continued. "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."
Ray Carlin, executive vice president of Retalix, explained that Retalix DemandAnalytX uses unique algorithms to interpret point-of-sale and inventory data, forecast store-level demand and optimize replenishment orders, while considering the full complexity of the convenience store environment.
The software, explained Carlin, has been deployed at more than 1,300 retailers in North America, and, on average, reduces inventory by 15 percent, out-of-stocks by 50 percent, and spoilage by 45 percent.