Inventory management for Wholesalers & Distributors
With fierce competition in the marketplace, many wholesalers have resorted to holding huge assortments in order to satisfy the evolving needs of their customers. However, with such a diverse range of products, keeping every item under control is a constant battle. With Slim4, wholesalers and distributors gain greater control over their inventory while simultaneously benefiting from efficiency improvements. As a result, businesses can reduce inventory levels by up to 30% while still achieving the service levels customers expect.
Why optimize your inventory with Slim4
Service level driven inventory management
Availability is everything for wholesalers & distributors. However, supply chain leaders understand that this is neither an achievable nor beneficial target to aim for. Given the risk of obsolescence and the cost of holding inventory, excess stock that comes as a result of poorly aligned service levels will have a hugely adverse impact on profit margins as well as unnecessarily tying up valuable working capital. As a result, it’s vital that businesses focus their investment where it is required most.
Automated forecasts for up to 95% of the assortment
In order to generate a reliable forecast for every single item within the assortment, supply chain leaders require clear insight into future demand factoring in the impact of trends, seasonality, promotions and volatility. Our inventory optimization tool, Slim4, has been developed over the last 25 years to enable wholesalers and distributors to achieve the most accurate forecast possible. Using a range of academically verified forecasting methods, Slim4 automatically generate forecasts for up to 95% of the assortment.
Greater focus through management by exception
Rather than spending time finding the proverbial needle in a haystack, ‘Management by Exception’ ensures that supply chain teams are directed to take action where it is required most. Slim4 prevents firefighting through helping supply chain teams to proactively identify and resolve unexpected issues before they can have an impact.