Inventory Management Blog

Published in Blog - 28 August 2019

Omni-Channel Strategy: What role do category managers play?

In order to thrive in the complex retail environment, businesses must have in place an effective Omni-channel strategy. However, this requires business leaders to have a different mentality. After all, to make the customer experience the number one priority, leaders must understand and appreciate the importance of establishing robust retail processes, inventory policies and assortment
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sales and operations planning Published in Blog - 23 July 2019

Sales and operations planning: What’s your objectives?

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
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minimum order quantity Published in Blog - 22 July 2019

Minimum Order Quantity (MOQ) Explained

In a perfect world, suppliers would supply the products your business needs in the exact quantity that you need them. More importantly, they would be more than happy to do this at no extra cost. However, in reality, placing orders with suppliers is far more complex. Given that most suppliers will impose a Minimum Order
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reasons for keeping inventory Published in Blog - 22 July 2019

Reasons for keeping inventory

What availability issues keep you awake at night? | 5 signs that you need more stock! One of the main reasons for keeping inventory is to provide customers with the best possible level of service. However, many business leaders still spend sleepless nights worrying about finding the balance between product availability and supply chain cost.
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Published in Blog - 18 June 2019

5 Ways to tell you have outgrown Excel

How to know when your business is ready to upgrade from spreadsheet forecasting and ordering For many business, Excel is synonymous with demand planning and ordering inventory. It’s often the go-to choice because of its familiarity and seeming ubiquity. There’s a good chance that the computer you’re reading this article on right now has Excel
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Published in Blog - 18 June 2019

New articles and the prevention of inventory obsolescence

To improve the prevention of inventory obsolescence, it is essential to take into account factors that are unknown or not associated with the problem. For example, more than 25% of obsolescence comes from poor management in the introduction of new articles. INTRODUCTION OF NEW ITEMS Obsolescence levels are usually associated with poor inventory management. However,
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demand planner Published in Blog - 18 June 2019

Demand Planner : How to crack the retail conundrum

Rob Crellin, an expert supply chain consultant, with 14 years' experience in retail and supplier relationships, will be discussing 5 main challenges of being a demand planner to retail customers and how to overcome this. Retailers customers put a lot of pressure on their demand planners. As a result, businesses across the wider supply chain
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Published in Blog - 01 April 2019

The BBQ button: Taking full advantage from peaks in demand

Unexpected demand during something like a sporting event or even an unseasonably hot day can have a huge impact on the buying behaviour of consumers. Take for instance BBQ meat or beer: both of these items see demand soar if the weather is nice or England make it beyond the group stages of the World
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Published in Blog - 11 February 2019

How can you achieve your supply cain goals through better ABC analysis?

5 TOP TIPS TO MAXIMISE THE VALUE OF ABC INVENTORY ANALYSIS Over the years, we have encountered many businesses that hold thousands upon thousands of SKUs. But has this helped them to become more profitable? In reality, holding so many items can have the opposite effect. So how can more insightful ABC inventory analysis help
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demand planning software Published in Blog - 07 January 2019

Demand Planning Software…forget the spreadsheets!

When it comes to demand planning software, spreadsheets are the weapon of choice for most planners. However, spreadsheets are only as effective as the person entering the data. Even for the most advanced spreadsheet users, trying to manage inventory in this way can quickly become complex clunky and a long-winded exercise. But is there a
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food inventory management Published in Blog - 04 December 2018

Inventory management in food retail is a balancing act between availability and shrinkage

A typical characteristic of fruit & vegetable products in the produce category is that suppliers, packaging and prices change throughout the year. Produce buyers know exactly when to switch countries but do they know how much they have to buy? How can they ensure optimum in-store availability without having to make expensive last-minute purchase orders
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Published in Blog - 10 July 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. Optimise your service levels For many
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Published in Blog, Download - 10 July 2018

Accelerate the performance of your assortment!

Is your business holding too much stock? In a bid to keep customers happy, many businesses have resorting to offering high levels of inventory across already spiralling assortments. While this ensures that customers have plenty of choice, keeping up with these exploding ranges can prove a constant battle. What steps can building businesses take to
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fashion demand planning guide Published in Blog, Retail - 23 January 2018

Fashion demand planning: How can retailers unzip growth in 2018?

In the cut-throat retail industry, fashion demand planning is essential in order to achieve growth. However, when you consider that one major retailer is reportedly already considering store closures and many others are still recovering from the challenges presented by the last 12 months, talking about 2018 as “the year for growth”, probably seems like an
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Published in Blog - 09 November 2017

Tour de Supply Chain: Wholesale & Distribution

Inspired by team GB’s triumph in the last few years, more and more of us are getting back on the saddle. In fact, according to British Cycling, we are now one of the most successful cycling nations in the world. However, as Brexit jitters grip the cycling industry and the value of the pound continues
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FlowTechnology - Warehouse Published in Blog, Manufacturing - 20 October 2017

Flowtechnology UK achieves a more fluid operation with Slimstock

To keep up with continuous growth and spiraling complexity, the UK’s largest distributor of fluid power products, Flowtechnology, has taken an important step towards simplifying their supply chain processes. Already impressed by the results delivered by Slimstock’s inventory management solution, Slim4, the business has now taken the decision to upgrade the bolt-on solution to also enhance
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Published in Blog, Manufacturing - 20 October 2017

Vegware caters for global growth with Slimstock partnership

After extensive research into the market, Vegware, the award-winning manufacturer of eco-friendly catering disposables, has this month joined forces with Slimstock to help improve their already impressive availability levels. Following several years of rapid growth, the Edinburgh-based business will take advantage of the inventory management specialists’ solution, Slim4, to help keep up with the demand
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Published in Blog, Manufacturing - 20 October 2017

Tour de Supply Chain: Manufacturers

Bicycle production in the UK has undergone a resurgence in recent years. Since 2007, output has more than doubled and in the last year alone, exports have increased by an impressive 13%. However, UK-based manufacturers have a lot of work to do before they can compete with the Far Eastern powerhouses that dominate the industry.
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PMTT-E-de-Witte-Slimstock Published in Blog - 13 October 2017

Slimstock’s Erik de Witte joined Pimp My Tuk-Tuk Charity Ride 2017

This year, Slimstock took part in the Pimp My Tuk-Tuk (PMTT) Charity ride to raise money for the Foundation of Goodness (FOG). 54 drivers participated in the 8-day drive through Sri Lanka in Tuk-Tuks. Slimstock Operations Director South East Asia, Erik de Witte, shares his experience with us. Trip of my life Before starting the
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What's the function of stock Published in Blog - 29 September 2017

What is the function of stock?

Different times call for different inventory strategies. However, when the function of stock is not clear, changing the inventory approach can often prove problematic. Many retailers lack synergy between the inventory strategy and the overall strategy of the business. As a consequence, many retailers struggle to align the inventory strategy with the strategic focuses of
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Slimstock hot news Published in Blog - 29 September 2017

Customer satisfaction takes a dip | Cashing in on the product lifecycle

From a major supermarket shortage to why it pays to invest time in your new products introductions, supply chain bloggers, Sam Phipps and Jessie Cooper, explore the hottest topics from the last 7 days. Customer satisfaction takes a dip amid houmous crisis As the latest food crisis hit British retailers this week, frustrated shoppers took
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Slimstock robust supply chain Published in Blog - 29 September 2017

Behind every experience is a robust supply chain

As events go, things don’t get much bigger than the infamous Glastonbury Festival. Given that over 200,000 people attended this year alone, Glastonbury is a real success story. However, the popularity of Worthy Farm and lucky artists that get to play there is no happy accident: this event takes years of diligent planning! From the
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Published in Blog - 21 May 2017

An assortment of success & setbacks | Supply chain disruptions leave a sour taste

With a whole museum dedicated to product failures and businesses faced with disruption, Supply chain bloggers, Sam Phipps and Jessie Cooper digest the hottest topics from the last 7 days. New product introductions: an assortment of success & setbacks Encompassing everything from Bic’s range of “for her” biro pens to Nokia’s N-gage, a dismal attempt
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Published in Blog - 20 May 2017

Are retailers ready for tomorrow’s savvy shoppers?

Through utilising a combination of if-this-then-that logic as well as the Internet of Things (IOT) and voice technology, Tesco has brought the shop floor closer to the end customer than ever before. While this major development marks a quantum leap towards “frictionless” shopping, such advances in technology will no doubt change the way we as consumers think
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Published in Blog - 16 May 2017

Beep beep, Brexit’s coming through!

Despite the initial nervousness around the UK’s divorce from the European Union, according to the society of Motor Manufacturers and traders (SMMT) British manufacturers achieved their highest output in 17 years last month. However, while automotive manufacturers seem to be thriving, businesses operating in the aftermarket could be faced with hefty cost increases. But what can be
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Published in Blog - 10 May 2017

Are the days of the diesel engine numbered?

As calls for diesel engines to be scrapped intensify, how can the automotive industry prepare for the speed bumps that lie ahead? Could your investment in diesel components go up in smoke? With increasing evidence that diesel engines have a devastating impact on the environment, there have even been renewed calls to introduce a special scrappage
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Published in Blog - 09 May 2017

Tour de Supply Chain: Retailers & E-tailers

It seems that the British public are getting back on their bikes in startling numbers. Last year alone, we cycled an impressive 3.5 billion miles; 6.3% more than in 2015. However, as the UK Government forges ahead with a £1.2 billion project set to double the uptake of cycling by 2025, it seems that further
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Published in Blog - 27 April 2017

Back in our good books

Whether it’s because physical books have become a thing of beauty in their own right or simply because you can’t fold down the corner in your E-reader, after years of decline, it seems the humble book is making a resurgence. Given that we now live in a world of smartphones and tablets, this emerging trend seems
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Published in Blog - 25 April 2017

“Since working with Slim4, my work has become much easier!”

During this interview, we ask Piotr Adamczak, purchasing coordinator and user of Slim4 at Sanpol, five questions: What is his role? What does he do on a normal day and what impact has Slim4 had on the business? What's his biggest challenge at the moment? And what are his ambitions for the future? What are
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Published in Blog - 13 April 2017

Spring into the new season

With Brexit now officially triggered, the first quarter of 2017 was plagued by uncertainty. Trade deals are now in limbo which has left many businesses considering how leaving Europe might impact their operations. However, at this point, it is difficult to make strategic plans as we simply don’t know how things will pan out. Given
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Published in Blog - 07 April 2017

What digital challenges lie ahead? | Food for thought

After news that online sales are set to double and food prices could surge as a result of Brexit, is been a busy week in the press. Supply chain bloggers, Sam Phipps and Jessie Cooper digest the hottest topics from the last 7 days. Drones to delivery bikes: are businesses really ready for the digital
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Published in Blog - 31 March 2017

Supply chain flexibility & the Mother of all replenishment challenges

This week we have focused on the hottest news to hit the high street. With reports that major fashion retailers are now struggling to compete in key market and reports of a sudden surge in footfall for Mother’s day, this week has given supply chain bloggers, Sam Phipps & Jessie Cooper, plenty to think about!
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Published in Blog - 17 March 2017

Brexit plans, forecasting infringements, footfall shortfall

As Brexit talks advance, the food industry came under fire and retail footfall slumps, it’s been a busy week for the newspapers. Supply chain bloggers, Sam Phipps and Jessie Cooper, investigate the hottest topics in the press and assess their impact on the supply chain. Brexit: What’s the plan? Given that the Queen gave the go
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Published in Blog - 14 March 2017

Death of the big shop, electrifying the aftermarket, rise of the robots

With news of a major development in consumer behaviour, the opening of an exciting new facility dedicated to the production of electric vehicles and a report detailing the impacts of robots on our future careers, this week has given us plenty to think about. Supply chain blogger, Sam Phipps, investigates the hottest topics in the
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Published in Blog - 10 March 2017

Supply chain simplicity, professional education, Assortment upheaval

With a revelation in furniture design, the reintroduction of the dreaded 11-plus exam and an emerging trend in food retail, this week’s news has given us plenty to think about. Supply chain bloggers, Sam Phipps and Jessie Cooper, investigate the biggest stories in the news this week and their impact on supply chain management. A
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automotive long tail assortment management Published in Blog - 06 February 2017

How can you transform your long tail into a profit making machine?

From prangs and punctures to general wear and tear, every single one of the UK's 30,000,000 cars endures a lifetime of hardship. To prolong the life of these vehicles, the UK has one of the most developed aftermarket spare parts industries in Europe. Although the country spends over £21bn every year on automotive parts and
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Published in Blog - 26 January 2017

“With Slim4, I can complete my processes far more quickly”

We ask Paulina Moreno, Supply Chain Planner at Kupfer, to describe a typical working day, her main responsibilities, and her experience with Slim4 and her aspirations for the future. What is your role within the company? My role sits within the supply chain area and encompasses all five of the areas that our business is
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shelf life optimisation Published in Blog, Retail - 06 January 2017

Is product freshness your top priority?

Food retailers face a constant battle to offer high levels of availability while still ensuring that customers enjoy only the freshest products. Given that inventory, handling & transportation costs must be kept under close control, achieving shelf life optimisation of all fresh items is a huge challenge for many retailers. However, how have some of
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Published in Blog - 14 December 2016

Festive Frustrations: Santa’s secret stress exposed!

Each year, Santa delivers presents to millions of children all over the world. For most people, this alone would be an impossible logistical undertaking. However, alongside this, Santa also has full responsibility for ensuring that his supply chain has sufficient capacity in the weeks and months leading up to the festive period to satisfy this
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Published in Blog - 16 May 2016

If the cunning foxes can do it, so can you!

In case you haven’t heard, Leicester City Football Club shocked the world by going on to lift the premier league trophy. Following a narrow escape from relegation last season, 2016 has seen the team do a complete U-turn and become one of just 6 teams to win the title. As most of Leicester woke up
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