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Consumer products

The market for consumer products is both hugely diverse and highly competitive. In order to succeed in this challenging sector, businesses must be able to satisfy customer demand as quickly and efficiently as possible. Exploding assortments coupled with huge seasonal fluctuations? It's a challenge for wholesalers and distributors of consumer goods to keep inventory levels under control.

With Slim4, wholesalers and distributors can regain control of their assortments in order to reduce inventory levels by up to 30% while simultaneously increasing service levels to over 99.5%.

- 50%

REDUCTION IN STOCK OUTS

+ 5%

INCREASE IN SALES

- 30%

REDUCTION IN INVENTORY

- 30%

DECREASE IN WASTE

Depend upon high levels of availability?

Wholesalers and distributors depend upon high levels of availability to satisfy customer demand. However, while attaining 100% service across the entire assortment may be a utopia, in reality, this is neither financially viable nor beneficial to the performance of the business. Some products must be kept in stock at all times. Other items within the assortment of the benefit of holding high levels of inventory simply do not justify tying up invaluable working capital. As a result, businesses must focus their investment of working capital into products where it is required most.

Through utilising the advanced ABC analysis functionality of Slim4, wholesalers, and distributors of consumer products can set dynamic service levels for every item within the assortment. Based on the business rules in place, Slim4 ensures businesses hold the optimal level of safety stock. Ultimately, with Slim4, businesses can optimise availability across the entire assortment while simultaneously minimising the capital invested in inventory.

Effective replenishment processes

In order to maintain consistently high levels of availability, wholesalers and distributors must have in place effective replenishment processes. However, with such vast assortments, coupled with the lengthy lead times that come with relying on a global supplier base, ensuring replenishment processes are effective is often easier said than done. Through automating the entire replenishment process of up to 95% of the assortment, Slim4 takes away the stress. In this way, supply chain teams can focus their time and attention on more pressing issues.

Slim4 automatically determines both the most appropriate order moment and volume. Taking into account product seasonality, upcoming promotions, confirmed orders and desired service level as well as a range of other factors. For items with more irregular demand patterns or no history, such as new items, that require human intervention, Slim4 automatically notifies planners. The result: wholesalers and distributors can enjoy a more harmonious replenishment process.

Clear and reliable insight into demand

In order to make informed inventory management decisions, supply chain teams must have clear and reliable insight into demand. Reviewing demand at a total level is simply not sufficient for a wholesaler or distributor of consumer products. This, because a typical customer base could encompass everything from multi-national retail chains to independents and even end consumers. Do you consider that purchasing behavior will differ hugely between different customer groups? That's why supply chain teams must also have visibility of demand at a granular customer level in order to ensure optimal inventory decision making.


Erik de Witte

Erik de Witte

Operations Director SEA at Slimstock

Get in touch for more info

Erik helps distributors, manufacturers, and retailers in a number of vertical markets make better use of their inventory investment with the incorporation of technology.

“With help from Slim4, we’ve decreased our inventory from $42 million to $36 million.”

Corporate Manager of Supply Chain Operations

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