Company News • 28.02.2011

Future Retail Center: SAF and SAP Research are developing innovative solution scenarios for retail stores

SAF and SAP AG will present a jointly developed prototype for intraday monitoring of fresh product sales at the CeBIT Exhibition

SAF AG, which is listed in the Prime Standard of the Frankfurt Stock Exchange (ISIN CH0024848738), and is one of the world’s leading suppliers of automated forecasting and ordering software for retailers, is working together with SAP AG in the field of Research & Innovation. In cooperation with SAP Research, SAP's global research organization, SAF is developing practical and innovative solutions for the retail business in the Future Retail Center in Regensdorf, near Zürich. This work is focused on developing a prototype for monitoring the sensitive sales of fresh products.

Fresh products are a hallmark of quality that consumers carefully scrutinize. That's why retailers pay particular attention to product availability and to an attractive product offering in this assortment.

This represents major challenges for retailers. Fresh products are characterized by their short shelf life and the associated risk of spoilage. That's why it is crucial that retailers avoid excess stocks that directly lead to losses due to impending product spoilage.

Intraday monitoring of fresh product sales is of key importance due to their perishability and short shelf life. SAF and SAP Research are working together on a prototype in the Future Retail Center to enable retailers to better deal with the challenges of fresh product assortments in future.

Utilizing an automated forecasting and ordering system, the prototype compares actual sales realized during the course of the day at product level with a continuously updated forecast and identifies significant deviations. The system alerts the retailer via an alarm function to items that will be overstocked or out of stock at the end of the day. “Using the intraday monitoring function, the order writer in the store can directly react to imminent excess stocks or lost sales in the fresh product assortment with suitable measures such as advertising, pricing adjustments or revision of existing orders,” explains Udo Meyzis, CEO of SAF, the advantages of this joint solution approach. “With this approach, we can optimally support the retailer’s ordering process to meet customer demand and, at the same time, to ensure the high quality as well as an attractive selection of fresh products.” SAP Research will present this prototype together with SAF at the CeBIT Exhibition from March 1-5, 2011 in Hanover at Booth D04 in Hall 4.

Supplier
Logo: SAF Simulation, Analysis and Forecasting AG

SAF Simulation, Analysis and Forecasting AG

Bahnstrasse 1
8274 Tägerwilen
Switzerland

related articles:

popular articles:

Thumbnail-Photo: Classic POS reimagined
14.03.2024   #POS systems #printers

Classic POS reimagined

Introducing the new generation CT-S801III and CT-S851III
POS printer range.

Citizen Systems launches new CT-S801III ...

Thumbnail-Photo: First of its kind accessible checkout unveild by Woolworths, creating...
03.01.2024   #Tech in Retail #cashpoints

First of its kind accessible checkout unveild by Woolworths, creating new employment opportunities

Breaking Barriers in Retail: Woolworths' New Checkout Design for Wheelchair Users

In what is believed to be a world first, Woolworths has unveiled an accessible checkout, designed specifically for team members living with a physical disability, including people who use wheelchairs and other mobility aids such as walkers.The first ...

Thumbnail-Photo: ‘Problem-solving mission’ with updated Modern Store Framework...
16.02.2024   #Tech in Retail #personnel management

‘Problem-solving mission’ with updated Modern Store Framework

Zebra Technologies will be looking to address challenges with expertise and new solutions at EuroCIS

Zebra Technologies Corporation (NASDAQ: ZBRA), a leading digital solution provider enabling businesses to intelligently connect data, assets, and people, today announced it’s taking the newly enhanced Modern Store framework on a ‘problem ...

Thumbnail-Photo: Trigo and Netto Announce Autonomous Supermarket with Real-Time Receipt...
24.01.2024   #Tech in Retail #artificial intelligence

Trigo and Netto Announce Autonomous Supermarket with Real-Time Receipt Capability.

‘Final step’ in frictionless shopping drives trust by enabling consumers to view their receipts BEFORE leaving the store
Full size 800m2 grocery supermarket powered by computer vision AI is Europe’s largest retrofitted frictionless store

Trigo, a leading provider of AI computer vision technology that transforms traditional brick-and-mortar retail outlets into digital smart stores, and discount supermarket chain Netto Marken-Discount (also known as Netto), have partnered to launch ...

Thumbnail-Photo: Hanshow’s ESL Solutions Push Precision and Performance at the National...
04.04.2024   #retail #customer experience

Hanshow’s ESL Solutions Push Precision and Performance at the National Hardware Show

NHS is the premier event where home centers, independent retailers, online retailers, wholesalers, distributors ...

Thumbnail-Photo: Smart working in retail: are headsets the solution?...
27.03.2024   #brick and mortar retail #video surveillance

Smart working in retail: are headsets the solution?

Internal communication technology and its potential

Retailers are often faced with the dilemma of combining customer service with operational efficiency. In this intersection ...

Thumbnail-Photo: Wayfair Announces Decorify App for Apple Vision Pro...
15.02.2024   #Tech in Retail #virtual reality

Wayfair Announces Decorify App for Apple Vision Pro

Wayfair's virtual room styler and 3D imaging tools enable Apple Vision Pro users to reimagine their living spaces and experience the future of shopping in their home

With the Wayfair Decorify app on Apple Vision Pro, users have a variety of options to see their spaces redesigned. They can upload a photo of their space ...

Thumbnail-Photo: Intertraffic Amsterdam exhibits ITL innovations ideal for the transport...
02.04.2024   #artificial intelligence #cash handling systems

Intertraffic Amsterdam exhibits ITL innovations ideal for the transport sector

Innovative Technology Ltd (ITL) are set to demo their cash handling and AI powered biometric products to the parking ...

Thumbnail-Photo: The SALTO WECOSYSTEM: A new brand DNA for the future of advanced access...
13.02.2024   #Tech in Retail #access control

The SALTO WECOSYSTEM: A new brand DNA for the future of advanced access

The SALTO WECOSYSTEM embodies the commitment to innovation of each SALTO company and demonstrates ...

Thumbnail-Photo: iXtenso tests: REWE Pick&Go
13.03.2024   #app #customer experience

iXtenso tests: REWE Pick&Go

New test store in Düsseldorf - is the concept convincing?

REWE has launched its Pick&Go concept (on a trial basis) in Düsseldorf. We tested the store!

Supplier

SALTO Systems GmbH
SALTO Systems GmbH
Schwelmer Str. 245
42389 Wuppertal
Zebra Technologies Germany GmbH
Zebra Technologies Germany GmbH
Ernst-Dietrich-Platz 2
40882 Ratingen
Innovative Technology Ltd.
Innovative Technology Ltd.
Innovative Business Park
OL1 4EQ Oldham
VusionGroup SA
VusionGroup SA
55 place Nelson Mandela
90000 Nanterre