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MINNEAPOLIS - Minneapolis-based Retek Inc. has announced that Wegmans Food Markets Inc. has selected Retek Demand Forecasting and Retek Replenishment Planning solutions to improve supply chain efficiency and increase inventory performance.
Wegmans will use the solutions to improve the efficiency of its 64 stores in New York, Pennsylvania and New Jersey with more accurate and detailed forecasts that drive logistically efficient replenishment plans at the store and distribution center (DC) levels, Retek said.
"Forecasting and replenishment processes have a significant impact on store operating performance and customer service," said Don Reeve, senior VP and CIO of Wegmans. "We selected the Retek forecasting and replenishment planning solutions because they offer sophisticated predictive technology to enable detailed forecasting and replenishment processes based on actual store demand. Improvements derived from consumer demand, forecast and time-phased replenishment orders will allow Wegmans to improve inventory turns and continue our tradition of providing excellent customer service."