Event Network Expands Successful Supply Chain Partnership with RELEX Solutions
ATLANTA–(BUSINESS WIRE)–Event Network, the leading operator of experiential retail in North America, today announced the expansion of their supply chain partnership with RELEX Solutions, provider of unified retail planning solutions. RELEX will implement its latest machine learning framework to drive improvements to demand forecasting, replenishment, allocations, and promotions management for Event Network’s distribution center and 110+ stores.
The expansion of the relationship with RELEX is an important element of Event Network’s ramp-up plans as they open new locations and welcome back shoppers hungry for cultural experiences.
“We’re extremely eager to expand on the project from where we left off in 2020,” says Ryan Close, Chief Technology Officer at Event Network. “The RELEX solution is key to our ability to effectively and efficiently control our supply chain, automate processes, and drive sales by adapting to shifting demand patterns as shoppers return to their favorite attractions.”
Because each store Event Network operates offers products tailored to the attraction it supports, the company faces unique challenges in its assortment and inventory management. “RELEX provides a level of granularity, accuracy, and automation that makes it possible to cut through the complexity of our exciting, but challenging business model,” says Close. “Our partnership with RELEX helps us ensure high availability for our shoppers, so they can always find products to help them form meaningful memories from their experiences.”
“We’re very happy with this project and the incredible team at Event Network,” says Carlos Victoria, SVP of Sales, Americas at RELEX. “Their motivation is energizing, and we’re just as excited to continue to drive value for their organization by reducing both inventory and shrinkage, improving their ability to proactively sell through products before they reach the end of their season or lifecycle, and better managing challenging items like slow-movers. By integrating and automating their supply chain, RELEX will empower Event Network planning teams to improve their effectiveness and efficiency in all their supply chain activities.”
About RELEX Solutions
RELEX Solutions is a leading provider of cutting-edge retail optimization software that’s built for the age of Living Retail, where change is the only constant. We help retailers adapt to every future, faster.
Our cloud-native Living Retail Platform delivers pragmatic AI across all retail functions and at retail scale, eradicating siloes, rigidities and inefficiencies along the way. We offer a fast lane to value that builds from a foundation of radically improved demand forecasting and supply chain optimization. Our customers leverage this enhanced supply chain visibility into exponential benefits — optimizing their space, allocation, workforce, promotion, and markdown strategies, all within our unified platform.
Today, RELEX is a hyper-growth company with 250+ customers who love us — ask any of them for a frank and independent assessment of our team and solutions. RELEX is trusted by leading brands including AutoZone, PetSmart, The Vitamin Shoppe, Big Lots, and Thrive Market, and has offices across North America, Europe, and the Asia Pacific region. Go to relexsolutions.com for more.
About Event Network
Event Network is a full service, third party retail operator for cultural attractions of all kinds, including historic sites, aquariums, zoos, museums, gardens, and other iconic attractions. The recognized leader in North American cultural attraction retail with an exclusive focus on retail operations, Event Network’s purpose is to elevate and extend the guest experience and achieve the maximum retail potential of its partners’ attractions. Their team is composed of passionate retail experts dedicated to supporting their partners’ missions and enhancing their brands by delivering a world-class, seamlessly-integrated retail experience.
More information: www.eventnetwork.com
VP Marketing & Communications