Forecasts the business can trust
Given the seasonal nature of fashion and apparel products, accurately anticipating future demand was also a major challenge for the planning team. “Before we could place any orders, we had to manually create forecasts for every product. With over 3000 active SKUs, this was a hugely time-consuming task”, adds Carolyn.
With Slim4 in place, Dennys Brands now have a flexible solution to build robust forecasts: “Thanks to Slim4, our seasonal forecasts are calculated and applied automatically. As a result, we have seen a huge improvement in forecast accuracy, and we now have access to forecasts we can trust.”
Furthermore, with the management by exception basis of Slim4, the planning team can now work more proactively to mitigate potential issues before they have an impact on the business. “For slow-moving items at the extremes of the size curve, for example, Slim4 notifies our users when there is a potential inventory issue. This, in turn, allows our planners to focus their attention on these products. Using the data available, we can then make an informed decision on the best course of action.”