Lowes Foods to Install Demand Forecasting/Order Optimization Software
MOORESVILLE, N.C. -- Lowes Foods Stores, Inc., a subsidiary of Alex Lee Inc. here, said it plans to install a demand forecasting and order optimization application to ensure accurate inventory levels across its more than 100 grocery stores in North Carolina, South Carolina, and Virginia.
The retailer will install Dallas, Texas-based Retalix's DemandAnalytX solution. "We see significant value in accurate store level inventory and forecasting," said Jay Schwarz, v.p. of information systems, Alex Lee.
This is an expansion of Alex Lee's relationship with Retalix. The organization has used the Retalix Power Enterprise suite of solutions for several years.
Retalix DemandAnalytX demand forecasting and computer-generated ordering tool was developed to removes anomalies from the ordering process and create accurate orders and forecasts, according to the vendor. The solution is Web-enabled, and provides collaborative tools aimed at improving product availability, inventory management, and overall supply chain efficiency.
Implementation of Retalix Demand AnalytX in Lowes Foods is expected to be completed in 2007.
Founded in 1954, Lowes Foods operates 109 stores in North Carolina, South Carolina, and Virginia, and employs 8,300 associates. Alex Lee is a holding company for four southeastern food/warehousing companies including: Lowe's Food Stores, Inc. (Lowes Foods), Merchants Distributors, Inc. (MDI), a wholesale food and merchandise distributor; and Institution Food House, Inc. (IFH), a food service distributor.
The retailer will install Dallas, Texas-based Retalix's DemandAnalytX solution. "We see significant value in accurate store level inventory and forecasting," said Jay Schwarz, v.p. of information systems, Alex Lee.
This is an expansion of Alex Lee's relationship with Retalix. The organization has used the Retalix Power Enterprise suite of solutions for several years.
Retalix DemandAnalytX demand forecasting and computer-generated ordering tool was developed to removes anomalies from the ordering process and create accurate orders and forecasts, according to the vendor. The solution is Web-enabled, and provides collaborative tools aimed at improving product availability, inventory management, and overall supply chain efficiency.
Implementation of Retalix Demand AnalytX in Lowes Foods is expected to be completed in 2007.
Founded in 1954, Lowes Foods operates 109 stores in North Carolina, South Carolina, and Virginia, and employs 8,300 associates. Alex Lee is a holding company for four southeastern food/warehousing companies including: Lowe's Food Stores, Inc. (Lowes Foods), Merchants Distributors, Inc. (MDI), a wholesale food and merchandise distributor; and Institution Food House, Inc. (IFH), a food service distributor.