Bed, Bath & Beyond to Upgrade Inventory Management System
29 Mar, 2021
Bed, Bath & Beyond is deploying cloud-based inventory management software from Relex Solutions. The home goods chain announced last fall it would spend $250 million on technology as part of a larger $1 billion to $1.5 billion three-year internal investment strategy, reports Chain Store Age.
Bed Bath & Beyond intends to enhance its customer experience while driving sales. The company says the Relex technology will deliver automated forecasting, replenishment, and allocation planning to improve the company's in-stock position and inventory turnover.
"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,” said Scott Lindblom, CTO, Bed Bath & Beyond. “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."
(c)2003-2021 Trade & Industry Development is a publication of Due North Media - a division of Due North Consulting, Inc.
Copyright 2001-2021, Due North Consulting, Inc. -- All rights reserved.
The material on this site is protected by United States copyright and other intellectual property laws and may not be reproduced, rewritten, distributed, re-disseminated, transmitted, cached, displayed, published, broadcast, directly or indirectly, in any medium without the prior written permission of Due North Consulting, Inc.