Slim4 inventory management software for the Retail industry

Retail is a dynamic and complex industry: the number of product introductions is increasing, the promotional pressure is high, and turnover is fragmented across multiple locations and channels. Slimstock Retail focuses on specific retail issues in the area of inventory optimization within the Food, Fashion, and Non-Food industry. The focus is on the central warehouse, eCommerce sites, and automatic store replenishment. The inventory optimization software Slim4, combined with our years of retail experience, ensures that we reach our goal: the right stock at the right time in the right shop.

Proven results

Implementation processes are short and lead to direct results. Proven results at our customers are:

  • Up to 50% reduction of out of stocks
  • 2-7% more turnover, resulting from improved availability
  • 10-30% inventory reduction

Non-Food

Maximize turnover with minimal capital investment

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Fashion

Reduce the costs of sales and avoid costly reallocations.

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Food

Maintain high levels of availability and minimize excess and waste.

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Ecommerce

Invest capital as efficiently as possible with Slim4.

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Balanced inventory with dynamic inventory management

Slim4 automatically generates a forecast and the right inventory level per article, and per location (DC, store, and eCommerce sites) on a daily basis. During the forecasting process, the software takes the type of demand pattern, seasons, trends, and promotions into account. When calculating the right stock, it always looks at the whimsicality of demand, the requested service level, and the product life cycle phase. That way, the inventory is always in balance.

Balanced inventory with dynamic inventory management

A retail environment is characterized by many locations and sales channels. This is particularly relevant within an omnichannel environment where turnover is fragmented; in this instance, it is very important to plan the inventory centrally. Slim4 continuously looks at the whole chain; based on the expected sales opportunity combined with the margin that has to be realized, it can determine where to best place a product. Especially important at the end of the life cycle, but also in case of scarcity of product this results into optimal efficiency.

Industry specialists

Slim4 is standard software, which can be maximally configured and parameterized so it exactly fits the requested retail processes. To penetrate (and challenge) these processes, extensive retail experience is an important key to success. In 2010 Slimstock Retail was chosen as the winner of the ING Retail Year Award in the category 'Best Retail Excellence Idea'.

Resources

Published in News - 16 March 2020

HELP! Need to Reduce my Inventory by 10%! – Event Postponed

We at Slimstock Canada, value sharing knowledge and bringing supply chain professionals together via events and other activities. We understand these gatherings allow for an enthusiastic exchange of expertise and that they foster relationships, long-lasting connections and opportunities.   Regarding our scheduled event co-organized with Supply Chain Canada, we have had to make the difficult
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Published in News - 27 January 2020

AUTOMOTIVE AFTERMARKET LEADER, TIGER AUTO PARTS OPTIMIZES INVENTORY WITH SLIM4

Automotive Aftermarket importer and distributor, Tiger Auto Parts, select Slimstock to improve service level and working capital. Slimstock, a global leader in providing inventory optimization software, announced they would be supporting Tiger Auto parts efforts to expand and boost turn over in the next five years. Tiger Auto Parts is one of the fastest-growing importer
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Published in News - 23 January 2020

SLIMSTOCK CANADA ACCELERATES GROWTH BY OPENING NEW OFFICES IN TORONTO

Press Release: Toronto, Canada- January 20, 2020    Slimstock Canada, a national leader in inventory optimization, today announced the opening of new offices in downtown Toronto. The offices were opened to accommodate the company's rapid growth in Canada.    Ludovic Magne, Country Manager for Slimstock Canada, said, “We are no longer the new kids in the block. We see this new office in Toronto as
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