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: Social commerce 2.0: artificial intelligence detects purchase intention...
18.04.2019   #e-commerce #sustainability

Social commerce 2.0: artificial intelligence detects purchase intention

Choosy analyzes fashion trends on Instagram – and redesigns them

The fashion world moves at lightning speed – and more than ever thanks to the rise of social media. In the past, key trends emerged off the runways twice a year during fashion weeks. Now Instagram et al. set the tone daily thanks to feeds of ...

Thumbnail-Photo: Using digital data to drive brick-and-mortar retail success...
31.01.2019   #brick and mortar retail #data analysis

Using digital data to drive brick-and-mortar retail success

Advanced Outlet Analytics

When it comes to using and analyzing relevant data, brick-and-mortar retail lags behind its online competition. While e-commerce retailers use detailed data from web analytics, CRM, and Google searches to analyze user behavior and generate ...

Thumbnail-Photo: CIE 2019: Chinas premier B2B trade show
04.03.2019   #e-commerce #event

CIE 2019: China's premier B2B trade show

5th International Internet and E-commerce Expo in Shenzhen

CIE 2019, the 5th China (Shenzhen) International Internet and E-commerce Expo, is the premier B2B trade show in China that focuses specifically on internet technologies and e-commerce as well as the related industries. More than 400 exhibitors ...

Thumbnail-Photo: New innovative hybrid POS solution for small businesses...
20.05.2019   #pos systems #cashpoints, cash register, cash desk

New innovative hybrid POS solution for small businesses

Posiflex presents a new innovative Hybrid POS solution for small businesses

The Retail market is always evolving, and so is Posiflex. Posiflex continually stays attached to the market and identifies ahead what the market really needs. Posiflex is honored to present its latest innovative Hybrid POS solution, WT-3007A, to the ...

Thumbnail-Photo: Secure networking for 8,800 locations
09.04.2019   #security #software developement

Secure networking for 8,800 locations

LANCOM and ecotel to build one of the largest SD-WANs in Europe

The German network infrastructure supplier LANCOM Systems and the Düsseldorf-based ICT company ecotel have concluded a far-reaching cooperation agreement to build one of the largest WAN projects featuring software-defined networking (SDN) in ...

Thumbnail-Photo: Toshiba: artificial intelligence for frictionless shopping...
21.02.2019   #self-checkout systems #Trade fair special EuroCIS 2019

Toshiba: artificial intelligence for frictionless shopping

AI, edge computing and smart shelf technology at the EuroCIS 2019

Thumbnail-Photo: Quality and great experiences at irma in Illum...
18.04.2019   #electronic shelf labels (ESL) #labels

Quality and great experiences at irma in Illum

A store with all the best

The customers wanted Irma back and they got that. After two years of absence, Irma has once again opened a store in the basement of ILLUM department store in the late summer of 2018. The new Irma store offers high quality and extra good experiences ...

Thumbnail-Photo: Top 8 supply chain technology trends in 2019...
07.05.2019   #supply chain management (SCM) #artificial intelligence

Top 8 supply chain technology trends in 2019

Technologies that supply chain leaders simply cannot ignore

Gartner, Inc. has identified the top 8 supply chain technology trends in 2019.Gartner’s top strategic supply chain technology trends have broad industry impact, but have not yet been widely adopted. They might be experiencing significant ...

Thumbnail-Photo: Self-service sells
08.02.2019   #touch screens #kiosk terminals

Self-service sells

Kiosks represent an important part of retail’s future

Self-service is growing exponentially in all areas of retail, hotels, restaurants, healthcare and banking environments. Customers increasingly expect self-service technology options and traditional brick-and-mortar stores are no exception. Retailers ...

Thumbnail-Photo: Posiflex: interactive self-service kiosk systems for the POS...
21.02.2019   #kiosk terminals #self service terminals

Posiflex: interactive self-service kiosk systems for the POS

Going through changes and coming out stronger - Posiflex aquisitions

Supplier

APG Cash Drawer
APG Cash Drawer
4 The Drove
BN9 0LA Newhaven
SES-imagotag Deutschland GmbH
SES-imagotag Deutschland GmbH
Bundesstraße 16
77955 Ettenheim
Permaplay Media Solutions GmbH
Permaplay Media Solutions GmbH
Aschmattstr. 8
76532 Baden-Baden
Casio Europe GmbH
Casio Europe GmbH
CASIO-Platz 1
22848 Norderstedt
ROQQIO Commerce Solutions GmbH
ROQQIO Commerce Solutions GmbH
Harburger Schloßstraße 28
21079 Hamburg
POSIFLEX GmbH
POSIFLEX GmbH
Flinger Broich 203
40235 Düsseldorf
AURES Technologies GmbH
AURES Technologies GmbH
Maisacherstr. 118
82256 Fürstenfeldbruck
Intenta GmbH
Intenta GmbH
Ahornstraße 55
09112 Chemnitz
Elo Touch Solutions NV
Elo Touch Solutions NV
Kolonel Begaultlaan 1C11
3012 Leuven