Excell Precision Co., Ltd. (Taiwan) - Press Release: EXCELL is pleased to announce that its Scale-IoT® Solutions have been adopted by FamilyMart, one of Taiwan's major convenience store chains. By incorporating EXCELL's Scale-IoT® Solution with FamiluyMart IT system, FamilyMart will takes advantage of Big Data technology for business analysis and management to improve the daily operation of its chain stores. The management system can predict and analyze customer needs, prevent waste and save cost on ingredients and labors.
"It's our honor to partner with FamilyMart on advanced Scale-IoT® solution for retail applications. Digitization has revolutionized every business process and will continue to do so; indirect sourcing is no exception. Today, leading retailers are using digital and analytical tools in the following areas to achieve dramatic reductions in indirect costs," said C.C. Lo, President and CEO at EXCELL.
"Most retailers are seeking to cut costs and generate cash for growth investments, but they usually overlook the indirect costs. By using digital and analytic tolls, like Scale-IoT Solution, those indirect costs can be optimized. If retailers treat indirect costs as an opportunity for business transformation rather than just a procurement matter, they can boost return on sales by as much as 2 percent," said Jeff Y. CHIEN, Vice President & General Manager at Excell.
In a digital age, most supply chains run on old principles and processes. Visionary retailers are taking a radical new approach, i.e.digital technologies to achieve results. The use of new digital technologies and advanced analytics also affect supply chains design, creating both opportunities and challenges. Advanced analytics allow more precise planning, and efficiency and effectiveness also rise when planners are freed up from repetitive tasks and can concentrate on value-adding activities. EXCELL's Scale-IoT® Solution is designed to help retailers cope with those challenges in this digital age.
FamilyMart is a Japanese convenience store franchise chain. FamilyMart is Japan's second largest convenience store chain, behind 7-Eleven.There are now 24,574 stores worldwide in Japan, Taiwan, China, Philippines, Thailand, Vietnam, Indonesia, and Malaysia.  Its headquarters is on the 17th floor of the Sunshine 60 building in Ikebukuro, Toshima, Tokyo. There are some stores in Japan with the name Circle K Sunkus under the operation of FamilyMart.
About EXCELL Precision:
EXCELL, founded in 1979, is a global leading manufacturer and marketer of Hi-Tech precision instrument and supplier of industrial automation for use in laboratory, industrial and retailing applications. EXCELL is an innovative leader in the Scale-IoT® and Scale-Factory® scale automation industry, where it has been helping the customers across the entire globe to implement balances, weighing and scales automation solutions in a variety of industries and applications. EXCELL employs over 400 people worldwide, with manufacturing facilities and operations in Taiwan, Shanghai and Vietnam. EXCELL serves the customers in more than 100 countries on six continents.