EAST BRUNSWICK, N.J. | BENGALURU, India – Nov. 6, 2024-Wipro Limited (NYSE: WIT) an information technology service and consulting giant has in a news release formed a strategic partnership with RELEX Solutions, a Finnish AI-based supply chain and retail planning company.
The aim of the cooperation is to utilize artificial intelligence in enhancing inventory optimization, demand forecasting and improving business processes within retail and consumer goods companies.
The two organizations have signed a strategic agreement under which Wipro will leverage its strong competence in retail and Consumer Packaged Goods (CPG) to bolster the RELEX AI-based supply chain management and inventory planning software platform.
“Our demand forecasting capability is vital to the success of our retailers,”
Said Srini Rajamani, Senior Vice President & Head of the Sector – Consumer and Life Sciences, Wipro Limited.
“Such technologies are becoming ubiquitous in today’s complex omnichannel world, where inventory planning has become one of the most difficult challenges for our clients. Using advanced technologies, our clients are able to forecast and manage their supply chains effectively. As RELEX, we help them to always be one step ahead of the changes in the environment and enables them to better manage their operations.”
RELEX’s integrated total AI-powered solution will enhance seamless supply chain planning, real-time data-driven insights, integrated syncing, and communications maintenance in all the distribution channels.
This integration will enable retailers to quickly comply with changes in demand on an ongoing basis, resulting in economies, lower wastage, and increased profits.
“Our collaboration with Wipro will enable us to provide support to retail clients who are trying to integrate their operations and enhance demand management. For instance, we’ve already built opportunities with a large US grocery wholesaler via integrated demand planning and space management which drove valuable contributions.”
As they look to transform the retail e-planning context, Wipro and RELEX’s approach enables their mutual customers to leverage AI-powered solutions capabilities to re-imagine sending process functions end-to-end in the agreed value chain.
It’s anticipated that further details on the future strategies for the deployment will also be made available.
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