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 - 20 December 2018

Retail planning software: The time for change is now

One of Slimstock’s Retail experts, Stefan Kooijmans, acknowledges that retailers across Europe, North America and South America struggle with the same issues; fierce competition, increasing price sensitivity due to growing transparency and pressure to shift to an Omni-channel retailing model.  “Retailers need to make difficult decisions when it comes to Omni-channel retailing, but they often
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Published in News - 20 December 2018

Wolseley Canada added to Slimstock’s rapidly growing list of North American clients

Plumbing and HVAC supplier, Wolseley Canada, selects Slimstock to improve in-stock performance for clients. Slimstock, a global leader in providing inventory optimization software, today announced they will be supporting Wolseley Canada’s effort to re-engineer sales and operation planning processes to ensure optimum performance from over 220 stocking locations. Slimstock’s implementation consultants will partner with Wolseley
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Published in News - 07 August 2018

Why do service levels have a powerful impact on profitability?

“I need a 100% service level” – a typical expectation of both management and commercial departments. Purchasing & operational divisions however, have a much better understanding of service levels and appreciate that attaining 100% is a utopia. In practice, determining an appropriate service level is an extremely complicated undertaking. Optimize your Service levels For many
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