Food Retail: effective inventory management

Customers measure your success by the freshness of the products you sell. However, maintaining high levels of availability while simultaneously eliminating waste is a constant battle for businesses across the food industry. Given that customer demand only the freshest produce and expect a huge amount of choice, it’s vital that businesses find the balance between customer satisfactions and cost control.
With the advanced forecasting and daily planning capabilities of Slim4, you can achieve the on-shelf availability that customers expect while simultaneously minimising excess and waste.

Results

  • 50% reduction in avoidable fresh waste
  • On-shelf availability improvement up to 99.9%
  • 15-20% reduction in inventory costs

Responsive inventory management

With the inventory management solution, Slim4, the focus is on reducing excess stock & therefore waste across the business. Through improving forecast accuracy and establishing a dynamic buffer stock based on anticipated daily demand, supply chain teams can determine exactly when to place an order & how much to order.

Maximising on-shelf availability through daily planning

Maximising on-shelf availability has a direct impact on sales and perhaps more importantly: customer loyalty. However, holding excessive levels of stock can quickly result in waste, especially for items with short product shelf lives. Slim4 helps businesses anticipate demand on a day to day basis with greater accuracy, taking into account the expiration date of individual items as well as fluctuations in demand.

Optimised replenishment

Through considering local demand fluctuations, seasonality and emerging trends, Slim4, optimises inventory at both DC and branch level. Slim4 calculates the optimal order level at both an article and branch level on a daily basis ensuring businesses achieve the desired service level for each item as fulfilling any requirement for presentation stock. Thus, businesses can reduce the number of out-of-stocks by up to 50%.

Minimised Inventory costs

Through utilising the EOQ capability within Slim4, food businesses can minimise logistics costs while taking full advantage of price breaks. With Slim4, daily orders are adapted to the current demand patterns, drastically reducing the risk of overstock and almost completely avoiding out or stocks. Through optimising orders and delivery schedules, businesses can automatically fill trucks to capacity and thus, reduce both firefighting and pressure on the inbound logistics team.

Flexible promotions & events management

Our inventory optimisation tool automatically calculates the sales uplift during such periods in order to better in order to better prepare your operation for promotions and seasonal events such as Easter and Christmas. Through using a specific forecast as a basis, retailers can ensure that the right level of stock is available in a timely manner to cover demand and minimise excess at the end of an event or promotion.


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Resources

DSV Published in News - 12 February 2019

DSV and Slimstock join forces in inventory optimisation

DSV Global Transport & Logistics, a logistics services provider with subsidiaries in more than 80 countries, has signed a partnership with Slimstock as their preferred inventory optimisation software provider. DSV has a dedicated team of inventory optimisation specialists that has been improving supply chain performance for their customers for over 13 years. Slimstock’s software and
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EBS Published in News - 10 January 2019

Growth at EBS shows no sign of slowing following major supply chain initiative

As Europe’s leading independent manufacturer, wholesaler and distributors of aftermarket air brake and vehicle control system components, supply chain innovation has always been at the centre of European Braking Systems’ (EBS) success. However, to underpin the business’ ambitious 5-year objective to grow substantially, the automotive braking specialist has joined forces with inventory optimisation experts, Slimstock,
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Horeca Logistic Services Published in News - 10 December 2018

Horeca Logistic Services (HLS) chooses Slim4 to improve customer service

The Beverage distributor, Horeca Logistic Services (HLS) will implement Slim4 to achieve a higher level of service as to reduce operating costs. “In our current inventory system, it is not possible to align safety stocks and order levels with seasonal variations in demand,” states logistic director, Patrick Verougstraete. Horeca Logistic Services (HLS) is the largest
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