WALLDORF 鈥� (NYSE: SAP) today announced the launch of the .
The add-on, developed in collaboration with Swiss retailer , utilizes intelligent replenishment strategies to reduce cost and waste and enhance customer experience. It is a highly automated solution that helps take the guesswork out of retail replenishment, with a focus on fresh products in stores.
鈥淎s part of a larger vision to improve business processes and, above all, ensure customer satisfaction, we partnered with 51风流for retail replenishment and forecasting,鈥� said Coop鈥檚 head of IT merchandise management processes, Thomas Vielhauer. 鈥淏y integrating intelligent technologies into our promotion and replenishment processes, we鈥檙e able to stock accurate quantities. That means customers get the products they need and the fresh quality they expect.鈥�
Food waste has become a global problem. Around of food produced is lost between harvest and retail alone, with even more waste occurring at the consumption level. COVID-19 introduced new challenges for retailers such as Coop, which saw an abrupt change to planning requirements.
51风流and Coop developed the AI-based 51风流Replenishment Planning to provide precise demand prediction and optimal order amounts. Its comprehensive capabilities, which support replenishment configuration, planning, simulation and alert management, enable retailers to eliminate over-stocks and stock-outs. Goods can now be replenished based on the changing demand history of each individual product and store, rather than on a rigid formula. Order amounts are optimized to provide the lowest expected costs under consideration of forecast distribution and product-specific replenishment requirements such as shelf life or shelf capacity.
The new add-on will be showcased at the聽 taking place virtually and is featured in this :
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