Retail-shop_replenishment

Store replenishment

Slim4 is designed for inventory optimisation of the central warehouses as well as stores. The automatic replenishment functionality leads to the right stock at the right time in the right shop. Slim4 reduces the number of out-of-stocks in stores by 50% by taking into account local sales patterns combined with local or aggregated seasonality and trends. The result is a dynamic order level per store, which can change during the year.

Right stock: Statistical versus presentation

Slim4 calculates the optimal reorder point per day, per item and per location. The calculation is based on many factors, a few of which are: the order frequency, the lead time, the sales volatility, the required service percentage and the expected demand. Besides these statistics it takes into account a minimum or maximum presentation stock so that a good presentation remains secured.

Right time: Seasonal patterns and trends

Within retail many products show seasonal patterns and trends. It is important to balance stock levels in time. Slim4 takes into account both local and national trends and seasons.

Right shop: Forecast on article level at each location

Each item has a different sales pattern for each location. Slim4 therefore calculates differentiated inventory levels per item per store to cover the local forecast that takes into account seasonal patterns and local trends.

Product introductions

In general 25% of the obsolete articles are caused by a wrong first allocation. This is why it is extremely important for new items to have the right stock in stores from the start. Slim4 supports the allocation process with the ability to link items to a predecessor. In addition, based on dynamic allocation formulas and organisation specific business rules, the optimal initial supply is calculated per store.

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