DALLAS, June 3, 2008 (PRIME NEWSWIRE) -- Retalix(r) (Nasdaq:RTLX), a global provider of software solutions for retailers and distributors, announced today that 7-Eleven Stores, a privately held operator of more than 100 convenience stores in central Oklahoma, is deploying its Retalix DemandAnalytX (DAX) forecasting and replenishment solution at all of its stores.
Retalix DemandAnalytX is a browser-based forecasting and computer-generated ordering (CGO) solution that enables retailers and distributors to optimize inventory levels and improve demand-chain efficiencies. The software application uses unique algorithms to interpret POS sales and inventory data, forecast store-level demand and optimize replenishment orders, while considering the full complexity of the convenience store environment.
"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," said Jim Brown, president of 7-Eleven Stores. "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."
Brown explained further, "It's a tremendous time-saving tool for our managers, too. Orders that used to take up to an hour to write are now generated automatically by DAX, affording our managers more time to take care of our customers. 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," he stated.
Retalix DemandAnalytX, deployed at more than 1,300 retailers in North America, has helped retailers, on average, reduce inventory by 15 percent, out-of-stocks by 50 percent, and spoilage by 45 percent.
"Retalix DemandAnalytX has repeatedly demonstrated hard savings to retailers' bottom lines," said Ray Carlin, executive vice president of Retalix USA. "In addition to the ROI from optimization, Retalix DAX simplifies the order execution process, which helps improve overall store performance."
Retalix and 7-Eleven Stores began installing the first stores in late 2007.
About 7-Eleven Stores
7-Eleven Stores is a privately held operator of more than 100 convenience stores, based in Oklahoma City, OK. 7-Eleven Stores is not affiliated in any way with Dallas-based 7-Eleven, Inc., and has been in business for over 55 years. In addition to retail stores that sell food and unbranded fuel, 7-Eleven owns and operates a bakery/commissary and small distribution center.
About Retalix
Retalix is an independent provider of software solutions to retailers and distributors worldwide. Retalix solutions serve the needs of grocery chains, convenience and fuel retailers, food and consumer goods distributors and independent grocers. The Company offers a portfolio of software applications that automate and synchronize essential retail and supply chain operations, encompassing stores, headquarters and warehouses. The company's International headquarters are located in Ra'anana, Israel, and its American headquarters are located in Dallas, Texas. For more information about Retalix , please visit www.retalix.com.
Retalix is a registered trademark of Retalix Ltd. in the USA, the EU and in other countries. The names of actual companies, products and services mentioned herein may be the trademarks of their respective owners.
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