Press Release: Supply chain operational excellence is key to survive
Slimstock is proud to announce being appointed official partner in the showcase during this year’s selected ASW Technology Partner Day event in Hong Kong. Main goal is to share future IT roadmap and present expertise in inventory optimisation and how to achieve supply chain excellence. Slim4 inventory optimisation software is a best of breed solution which is specifically designed to help overcome world-wide retailers’ challenges.
Hong Kong 7. November 2018
Everyone is looking to strike a balance between working capital, operational costs and the optimal service level. It is vital that business leaders focus their time and attention on areas that deliver the greatest returns. The quickly changing online landscape requires innovative retailers to deal with customers who can constantly look for the best price and expect delivery as they require.
Next to traditional competition, pure players enter the market and suppliers are selling directly to customer. This causes customer loyalty to decrease and makes demand more volatile. Planning becomes even more difficult due to constant pressure on promotions.
In order to adapt quickly to changes and to be able to proactively manage inventory, A.S. Watson Group (ASW) partnered with the European market leader Slimstock and integrated Slim4 completely within their ERP system. Slim4 software is designed to help retailers getting the right stock at the right time at the right place and assuring unrivalled levels of customer service.
Slim4 manages both push and pull streams. It has been developed for forecasting at daily level, automated PLC management, store replenishment and for dealing with large promotional volumes taking into account the desired store image. It enables users to gain valuable insights to satisfy future demand. The long-term strategic relationship will focus on enabling ASW to implement the complete solution for the structural optimisation of their inventory.
Malina Ngai, Group Chief Operating Officer of A.S. Watson, is delighted to announce Slimstock as an ASW Tech Partner, “We started the Technology Partnership Programme last year with the aim to create longer term partnership instead of short-term client-vendor relationship. Through this mutual commitment, our Tech Partners like Slimstock whom we have chosen to work with have brought us great expertise and innovation to help us accelerate our digital transformation. As one of the key benefits, they have access to senior management, visibility on our growth strategy as well as technology roadmap. As we continue our digital transformation journey, we will invest in the right technology and the right partnership to help us enhance our ability to build stronger customer connectivity, online and offline, which in return will make us customers’ most-loved brands.”
Eric van Dijk, CEO, Slimstock,“Supply chain operational excellence is key to survive in the rapidly changing and highly competitive retail landscape. We are proud to be selected by A.S. Watson as partner in this important area of expertise.”
Founded in 1993, Slimstock has become Europe’s leading inventory optimisation specialist.
Inventory optimisation is at the heart of everything that we do; the passion and knowledge that we bring to our relationships have resulted in being trusted by over 850 companies around the world. For more information visit http://www.slimstock.com, or follow us on LinkedIn, Twitter and Facebook.
About A.S. Watson Group
Established in Hong Kong in 1841, A.S. Watson Group is the world’s largest international health and beauty retailer with over 14,500 stores in 24 markets. Each year, over four billion customers and members shop with our 12 retail brands, both in stores and online.
For the fiscal year 2017, A.S. Watson Group recorded revenue of HKD156.2 billion. We have over 140,000 employees worldwide, including 12,900 in Hong Kong. A.S. Watson Group is also a member of the world-renowned multinational conglomerate CK Hutchison Holdings Limited, which has five core businesses ‐ ports and related services, retail, infrastructure, energy and telecommunications in over 50 countries.
Please visit www.aswatson.com for more in-depth information about A.S. Watson Group and its brands. You may also stay in touch with us via our digital presence (eCommerce, social media, mobile app & more); more details are at http://www.aswatson.com/our-customers/digitalasw/