The discount retailer, Rema 1000, has embarked upon a major end to end supply chain optimisation project. Focused on strengthening its competitive advantage, the discounter will join forces with the inventory experts at Slimstock.
As one of the best-known brands in Danish retail, Rema 1000 is recognised for their passion and focus on customer satisfaction. Amidst intensifying competition and rapidly evolving customer behaviour, the retailer has formed a strategic partnership with the inventory experts Slimstock to help optimise inventory across their expansive operation.
Driving efficiency across the entire chain
With a 344-strong network of franchise stores across Denmark, Rema 1000 provides local communities with a refined selection of top-quality products at a great price. Nick Norman Jensen, Flow of Goods Manager explains: “To offer our store owners and end customers the best possible value, we must take every possible step to maximise the efficiency of our operation.”
As an initiative led by the retailer’s distribution company, Reitan Distribution, the initial focus of the project will be on maximising product availability at the central distribution centre. Through professionalising and automating inventory management processes across the entire supply chain, Reitan Distribution and Rema 1000 will set the foundation on which to establish a fully integrated end to end operation.
In addition to Rema 1000, Reitan Distribution also supports the retail distribution operations for several major chains including 7-eleven, Circle K, OK Plus, Q8 and Arctic Imports; distributing goods to over 900 stores every day.
Intelligent purchasing decisions
Explaining how the decision to work with Slimstock will support Rema 1000 in their growth objectives, Jensen adds: “We are constantly looking to improve our business concept. We can create advantages by making more intelligent purchasing decisions. For this reason, we are taking every step to evolve our current reactive processes to establish far more proactive ways of working.”
To help set a new standard in operational excellence, Rema 1000 will implement Slimstock’s inventory optimisation solution, Slim4. “By implementing an advanced inventory management tool, we will gain greater visibility and control over the entire chain. This will help minimise the risk of supplier errors, missed deliveries and above all, instore availability issues. Ultimately, this will help our franchisee partners to attain a stronger stock position: all while eliminating waste.”
The decision to implement Slim4 followed an extensive review of the market. “Throughout the selection process, Slimstock demonstrated a deep understanding of both the food sector and the requirements of our business. This, combined with their proven technology and retail experience outlined Slimstock as the right partner to help us realise our goals.”
Nick goes on to add: “As a business that is similar to ours in terms of communication and approach to decision making, it was clear there is strong chemistry between Slimstock and our people.”
By offering the planning team the complete solution for forecasting, demand planning and inventory optimisation, Slim4 will complement Rema 1000’s wider IT Infrastructure. “Our ambition was to make it as easy as possible for our people to become ‘good buyers’. With the advanced functionality of Slim4, I have no doubt we will be able to simplify the ordering processes.”
Peter Bocken, Director of retail at Slimstock goes on to conclude: “As a business that has a proven track record for innovation, Rema 1000 is a fantastic example of a business that is constantly striving to improve customer experience. As they set the foundation for a fully integrated supply chain, we are excited to support Rema 1000 on every step of their journey towards operational excellence.”
Global Playground Equipment innovator, Kompan, has recently announced an exciting new partnership with the inventory experts, Slimstock, focused on building a healthier supply chain operation.
Every year, Kompan’s play and sports solutions bring joy to millions of people across the world. From helping customers to visualise their perfect play area to manufacturing and distributing complete playground solutions, Kompan is committed to making their customer’s buying experience as pleasurable as possible. Furthermore, to ensure their products remain safe, the playground specialist also offers a complete range of spare parts and accessories to prolong the life of their customer’s purchase.
To establish a solid foundation for further innovation, Kompan will join forces with the inventory specialists, Slimstock. Through boosting operational efficiency, Slimstock will help the team at Kompan to unlock working capital which, can be reinvested into other areas of the business.
Explaining the strategic move Henning Nør Hansen, supply chain operations director at Kompan adds: “Innovation sits at the heart of our business and we are always looking for ways we can make life better for our customers. For this reason, we are investing in both our people and technology to ultimately improve the performance of our supply chain.”
As part of a wider business review of their existing processes, Kompan will enrich their IT infrastructure with Slimstock’s inventory optimisation solution, Slim4. With an initial focus on optimising inventory at the Kompan’s manufacturing and warehouse facility in the Czech Republic, the team at located at the HQ in Denmark will utilise Slim4 to optimise their approach to inventory management. Henning Nør Hansen goes on to add: “To achieve our customer satisfaction goals, Slim4 will help up to improve product availability while simultaneously reducing overall inventory levels.”
Peter Malling, Commercial Director at Slimstock Denmark concludes: “Given Kompan’s global reputation for both innovation and creativity, we are excited to support the business as they pursue their efficiency improvement objectives. Given that both Kompan and Slimstock, share the same passion for customer satisfaction, I look forward to establishing a long-lasting partnership.”
Offering an extensive range encompassing everything from themed bunting and table wear to balloons and hen party essentials, no celebration is complete without Ginger Ray's party products. To solidify the party’s specialist position as a leading innovator of celebration products, the business has teamed up with the inventory experts at Slimstock.
As the fastest growing wholesaler and retailer of party supplies & decorations, Ginger Ray, has seen exponential growth over the last 10 years. With a customer base including many major high street retailers, department stores and independents across the globe, the party specialist has taken the strategic decision to implement Slimstock’s inventory optimisation solution, Slim4, to support their continued international expansion.
Ben Spence, Managing Director at Ginger Ray explains: “In the past, we could rely on spreadsheets alone to keep our inventory in check. However, as our business grows and evolves, it’s vital that we continuously strive to exceed the high standards our customers have come to expect. For this reason, we have placed real focus upon improving the efficiency of our business.”
This major supply chain project will focus upon equipping the planning team at Ginger Ray with the tools and knowledge to deliver the business’ growth ambitions. “By bringing stability to our supply chain, our people can invest more time and energy into improving the level of service we provide our customers,” adds Ben.
Focused around forecasting, demand planning and inventory optimisation, the project in partnership with Slimstock will provide the team at Ginger Ray with greater insight allowing more strategic purchasing decisions. Furthermore, by automating a large proportion of the inventory management process, the planning team will be able to work more efficiently and have extra time to focus on what really matters. This, in turn, will enable the party specialist to achieve substantial increases in availability while simultaneously reducing inventory costs.
“After discussing our challenges with a number of different vendors, Slimstock’s consultative approach outlined them as the clear choice for us. Given their experience in the sector coupled with their passion for wholesale and retail, I have no doubt that Slimstock will be the perfect partner to help our business advance,” States Ben.
Richard Evans, Managing Director at Slimstock UK concludes: “Given Ginger Ray’s commitment to innovation, we are thrilled to support Ben and his team through this next phase of growth. With the project already well underway, we look forward to building a lasting relationship.”
How can you optimise your approach to purchasing?
Would you like to optimise your supply chain costs?
In order to realise sales and profit goals, it’s crucial that the right items are available at the right time. However, given the growing complexity of modern organisations, inventory planning has never been more important or more difficult to execute. To maintain consistently high levels of service while keeping supply chain costs under tight control, supply chain teams must strike the right balance between availability and capital invested in the inventory.
In this 10-minute webinar, Martin Montgomery, UBT relationship manager reviewed the basics of MOQs / EOQs, safety stock and supplier performance and unraveled the secrets of optimal order quantities and supplier performance and management to help you achieve the optimal stock levels.
Watch the webinar recording below!
Kruitbosch, the cycling specialist which owns both the growing bicycle brands Cortina and Alpina have recently implemented Slimstock’s inventory optimisation solution, Slim4. "Our goal is to keep our stock availability above 96% throughout the high season," highlights Norbert Went, sales & operations planning manager.
Over the last few years, Kruitbosch has evolved from a wholesaler of bicycles and accessories into a major retail partner for specialist bicycle shops and web shops across both the Netherlands and Belgium. From the business’ warehouse in Zwolle, Kruitbosch delivers over 12,500 items from stock. For this reason, the cycling specialist is able to fulfil their ‘ordered today, delivered tomorrow’ promise.
“Guaranteeing the correct availability, even during the high season, is our biggest challenge is in. This was the main factor when we started looking for an inventory management solution,” explains Norbert. After having a good experience with Slim4 at a previous employer, both Norbert his college Katrin Otten, again outlined Slim4 as their preferred inventory management solution following a short selection process.
With Slim4 now successfully implemented, the team at Kruitbosch is looking forward to kicking off the new cycling season with confidence. Norbert goes on to conclude: “Our main objective is to keep inventory availability above 96%. If we can also reduce the inventory value at the same time, that would be fantastic but that is not an end in itself."
On one of the hottest days of the year, 30 supply chain professionals visited the bicycle manufacturer, Van Raam, as Anjo Lubbers, ICT & Logistics Professional, offered his insightful perspective on the supply chain:
"If the purchasing, confirmation and delivery of an order can be completed in line with the standard price and delivery time, as little human action should be involved as possible "
As a manufacturer of unique custom bicycles, every product offered by Van Raam is developed, produced and assembled (on order) in-house. For years many, the team at Van Raam has relied on Slim4 to maintain consistently high levels of availability.
During the tour, employees of the company showed how innovations such as 3D printing and advanced robotics are being utilised to facilitate the businesses growth ambitions. In just 4 years, the specialist bicycle manufacturer has doubled the sales turnover without increasing the size of the purchasing team. Anjo goes on to add: “everything in our operation has expanded except for the size of the purchasing department.”
Slimstock’s inventory optimisation solution, Slim4, is trusted completely when the team come to placing orders. Furthermore, through integrating the Tradecloud purchasing portal, lead times have been halved. Through centralising communication with suppliers, the ordering process has been streamlined.
This roadshow gave everyone presents an interesting look behind the scenes at Van Raam!
On 24th May 2019, Slimstock UK, a local Redditch based firm, completed the Yorkshire Three Peaks Challenge to raise money and awareness for The Garden Suite, the specialist chemotherapy unit located at the Alex Hospital.
After the Father of Jessie Cooper, one of Slimstock’s team members, was diagnosed with Bile Duct Cancer in August 2017, The Garden Suite provided the initial care and support. After getting back on to the road to recovery and being in remission, in January 2019, Jessie and her family were given the news that no one wants to hear; the cancer had returned. However, the hardworking team on the specialist chemotherapy ward have continued to provide specialist and on-going care.
Jessie Cooper said: “The staff on the ward have been fantastic, not only in terms of the treatment that’s available, but also the compassion and commitment of their amazing team”.
After hiking over 25 miles and 64,000 steps later, Slimstock UK smashed the original target of £1000 and raised £2,000 for the Garden Suite.
The money Slimstock have raised will be invested to help and support the team to continue their amazing work.
As a key supply chain partner to the building services industry, Brymec has secured a market-leading position through offering customers an unmatched level of service. To help set a solid foundation for future growth and secure their position as an indispensable partner within the industry, the supplier of HVAC and industrial components has recently announced a strategic partnership with the inventory experts, Slimstock.
With an extensive range of products including own branded products manufactured to Brymec’s exacting standards, the business provides its customers the ultimate convenience and peace of mind. Given that Brymec’s next day, timed and same day delivery options are available across the entire product range, maintaining high levels of availability is critical.
As a business that strives to satisfy its customer’s project requirements, regardless of how complex or how aggressive the timescale, inventory optimisation has become an increasingly high priority for the team at Brymec. Andy Thomas, sourcing director at Brymec explains: “Our customers cannot afford to compromise on essential deadlines and therefore neither can we.”
With an ever-expanding range including many new own-brand product lines, managing the inventory currently requires a high degree of manual intervention from Andy and his team. In order to help the business to advance their approach to inventory management, Brymec will implement Slimstock’s inventory optimisation solution, Slim4.
“To build upon our already impressive standard of customer service, we knew we needed a solution that could help us to optimise our inventory. However, we were also looking for an implementation partner that had both the capability to successfully implement a solution that complements our operation and that could enrich the knowledge of our team. For this reason, Slimstock was a clear choice.”
Martin Montgomery, supply chain specialist at Slimstock, goes on to conclude: “As a business that is as committed to their customer’s success as we are, I see great parallels between Brymec and Slimstock. With the implementation project now underway, we are excited to support Andy and his team in their pursuit of operational excellence as Brymec grows.”
The bathroom sector is a fiercely competitive marketplace. To stay ahead, providing an exceptional customer experience is everything. However, with spiralling product assortments, huge seasonal fluctuations in demand, complex product lifecycles, Brexit uncertainty and inconsistent Supplier performance, supply chain teams really have their work cut out for them when it comes to satisfying customer demand.
So how can you optimise your approach to inventory management to provide your customers with the levels of service they deserve?
Tap into your potential
In this special bathroom webinar, Colin Ward, an inventory expert with over 20 years of experience in supply chain management outlined 5 top tips to improve the performance of your business.
During this concise webinar, Colin addressed the following challenges:
- What products should you stock?
- How can you build a trustworthy demand forecast?
- How can you determine the perfect levels of availability?
- How can you optimise product lifecycles?
- How can you overcome seasonal fluctuation in demand?
- How do we plan for interruption in supply eg. Supplier Shutdowns & possible Brexit uncertainty?
How can you maximise the value of your entire assortment?
Many businesses have developed extensive assortments encompassing many thousands of SKUs. While this ensures that businesses are able to provide customers with a huge amount of choice, managing such large a large number of items puts a huge amount of stress on the business both in terms of time and cash flow.
In this 10-minute UBT webinar, Martin Montgomery, Slimstock’s UBT relationship manager, identified which products within your assortment contribute the most revenue and which items are costing your business money.