Bed Bath & Beyond has announced another step in its $250 million technology transformation with the selection of Relex Solutions as its inventory management technology partner. Relex will provide technology solutions to modernise and drive efficiencies in the company’s inventory management systems that support its store network and distribution centres.

The cloud-based technology platform will deliver automated forecasting, replenishment, and allocation planning to improve the company’s in-stock position and inventory turnover, enhancing the customer experience while driving sales and gross margin improvements, Bed Bath & Beyond said in a media statement.

“We are leading with a digital-first, omni-always approach to build authority in our core markets and make it easy to feel at home. Investing in modern inventory management technologies is a critically important component of this approach. We are delighted to partner with Relex to help drive efficiencies in our business, improve our ability to respond to customer demand with agility, and enhance the experience for our customers however they choose to shop with us,” Scott Lindblom, chief technology officer of Bed Bath & Beyond said in a statement.

“We are thrilled to partner with Bed Bath & Beyond and to support their omni-channel growth with our market-leading, machine-learning enabled forecasting and replenishment solution. Relex will enable Bed Bath & Beyond to reduce inventory across their channels and automate their supply chain processes while also improving their already impressive customer service levels,” Carlos Victoria, SVP sales, Americas for Relex said.

Fibre2Fashion News Desk (GK)

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