Bed Bath & Beyond advances tech transformation with Relex Solutions

Bed Bath & Beyond, an omnichannel retailer, has strengthened its $250 million technology transformation by selecting Relex Solutions as inventory management technology partner. Relex Solutions will serve technology solutions to modernise and drive efficiencies in the inventory management system that support company’s store network and distribution centres.

 

Bed Bath & Beyond, an omnichannel retailer, has strengthened its $250 million technology transformation by selecting Relex Solutions as inventory management technology partner. Relex Solutions will serve technology solutions to modernise and drive efficiencies in the inventory management system that support company's 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, an omnichannel retailer, has strengthened its $250 million technology transformation by selecting Relex Solutions as inventory management technology partner. Relex Solutions will serve technology solutions to modernise and drive efficiencies in the inventory management system that support company's store network and distribution centres.#

“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 Solutions 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 press release.

 

Bed Bath & Beyond, an omnichannel retailer, has strengthened its $250 million technology transformation by selecting Relex Solutions as inventory management technology partner. Relex Solutions will serve technology solutions to modernise and drive efficiencies in the inventory management system that support company's store network and distribution centres.#

“We are thrilled to partner with Bed Bath & Beyond and to support their omnichannel growth with our market-leading, machine-learning enabled forecasting and replenishment solution,” Carlos Victoria, SVP sales, Americas for Relex Solutions said. “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.”

 

Bed Bath & Beyond, an omnichannel retailer, has strengthened its $250 million technology transformation by selecting Relex Solutions as inventory management technology partner. Relex Solutions will serve technology solutions to modernise and drive efficiencies in the inventory management system that support company's store network and distribution centres.#

This news by Bed Bath & Beyond follows other recent technology transformation announcements to modernise the company's enterprise resource planning (ERP) and expand its utilization of cloud-based solutions. The company will begin to implement technologies from Relex Solutions in the spring of 2021 as part of its ERP rollout.