Retailers are increasingly faced with multiple sales channels and large product ranges. But which stock should be held where in order to oﬀer the best level of customer service? Peter Bocken, a retail expert from Slimstock, shares ten inventory tips for taking control of an ever-expanding product range and keeping a tight rein on costs.
With the Tour de France approaching, team GB continue to inspire cyclists all over the UK. With Team GB’s triumph over the last few years, it seems more and more of us are getting back on the saddle. However, as Brexit jitters take hold and the Government forges ahead with a major initiative to double
As dog enthusiasts start preparing for Crufts 2020, the world’s greatest dog show continues to inspire animal lovers all over the UK! With more and more of us aiming to win best in the show, the weekly spend on pet accessories and food in the UK has risen by an impressive 31% in just two
Supplier closures are disruptive at the best of times. However, unlike other factory closure periods, the summer season can last for several months and suppliers can shut down at any point throughout this time. Contrary to popular belief, Mediterranean countries are not the only ones where it is common place for factories to close down
The Slimstock Research Centre is constantly pushing the boundaries of inventory management. As excitement around AI & machine learning grows, our team of experts are actively researching how this technology can be applied to overcome the supply chain challenges business face today! In this infographic, we explore how machine learning is being applied to specific
With a baby on the way, it’s always an exciting time. However, here at Slimstock, we understand how challenging it can be to find effective Maternity Cover. Even when you do find the right person, it still takes time to bring that person up to speed with your business processes. To keep your business on
We cannot ignore it. The complexity of supply chains has increased exponentially in recent years. Whereas once upon a time, a good business strategy alone would be enough to compete, overcoming complexity is now what ultimately sets a business apart from its competitors; a trend which will only become more prevalent in the coming years.
Unraveling the secret of optimal order quantities Whether it consists of raw materials or end-products: inventory is unavoidably one of the largest single assets on your balance sheet. In the manufacturing industry, around 37% of total costs consist of inventory costs, while for retailers and wholesalers even more than half of the total costs are
Demand management Infographic: a guide to expecting the unexpected! Demand management is all about keeping customers happy. However, while no business wants to let its customers down, there are always financial constraints in place. Consequently, building huge stock piles of inventory to satisfy potential customer demand which may (or may not) materialise, is simply not
How can Slim4 support my sales and operations planning process? An effective (S&OP) process should pull teams from across the business together to ensure a harmonious supply chain operation. However, without the right direction and insight, the whole process can easily result in chaos! But how can Slim4 contribute to your sales and operations planning