Inventory Management: Wegmans Selects Prescient To Power Its Replenishment Program
Retailer Replaces Mainframe Technology with Prescient
Prescient Applied Intelligence, Inc. (OTCBB: PPID), a leading provider of supply chain and advanced commerce solutions for retailers and suppliers, today announced that Wegmans has selected Prescient to power its replenishment ordering process. The company will use Prescient's Demand Planning and Inventory and Replenishment Planning modules to generate orders for approximately 800 vendors.
Wegmans is a family owned, 71-store grocery chain in the Northeast and Mid-Atlantic regions, famous for its customer service, quality ingredients and consistent, low prices. In 2004, the company implemented Prescient's on-demand replenishment program to generate orders for 200 of its vendors.
As Wegmans expanded south from Rochester, the company opened a second distribution center (DC) to better service its new stores, and with that second DC came additional vendors and products. Wegmans had been running its first DC with a customized mainframe application, but knew this 25-year old technology couldn't support its expansion plans. Wegmans chose to replace the existing mainframe replenishment technology with Prescient's on-demand solution.
"We had great results when we used Prescient for our first 200 vendors: forecast accuracy increased by over 100%; days of supply decreased by 25%; and service levels rose," said Tom Adelsberger, merchandising systems manager at Wegmans. "We have aggressive plans-we want to add 600 vendors by mid-2007. We're confident that Prescient is the right solution to support us now, and in the future."
"The focus on accurate orders and timely replenishment will result in more product on the shelves and a better customer experience," said Jane Hoffer, president and CEO of Prescient. "And because Prescient hosts the solution, Wegmans can focus on maximizing business results rather than managing the software."
About Prescient Applied Intelligence
Prescient, founded in 1985 (OTCBB: PPID), is a leading provider of supply chain and advanced commerce solutions for retailers and suppliers. Prescient's solutions capture information at the point of sale, provide greater visibility into real-time demand and turn data into actionable information across the entire supply chain. As a result, the company's products and services enable trading partners to compete effectively, increase profitability and excel in today's retail business climate. Household brand names like Ahold, AutoZone, Coors, Domino's Pizza, Rite Aid, Sara Lee, Schwan's and Wyeth rely on Prescient. For more information, go to www.prescient.com.