Retalix software helps Family Express reduce tobacco order sizes, and increase monthly inventory turnover.
Family Express of Valparaiso, Ind. improved its inventory management operations by deploying Retalix Ltd.’s Demand-Driven Replenishment solution across its convenience stores in Northwestern Indiana.
Family Express reduced its tobacco order size by 21%, while increasing its average monthly inventory turnover per store by 2.5 turns because it used Retalix’s forecasting and inventory replenishment system. The software application has helped decrease the retailer’s average inventory days on hand for tobacco products by 2.4 days.
The Demand-Driven Replenishment solution has also given Family Express the option to automatically re-order a significant percentage of all items in its stores, reducing inventory management labor.
“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, vice president of marketing for Family Express. “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.”
Family Express operates stores throughout Northwest and North Central Indiana.