Improvements In Retail
In today’s highly competitive high street, all retailers are battling to achieve the highest possible availability at the lowest possible cost.
A highly responsive supply chain can deliver significantly improved on-shelf availability whilst also reducing total supply chain inventories thus delivering competitive advantage. What we need is a solution that provides a full replenishment solution that delivers:
• Both single-tier or multi-tier replenishment all the way from store to the original raw material providers.
• Reduced out of stocks with best in class replenishment policies that can be configured individually from category down to SKU level.
• Increased responsiveness with projected future replenishment plans shared in real-time across the extended multi-party supply chain.
• Proven business results with on-shelf availability improvement typically 1-5% and inventory reductions of 30% across both the retailer and their suppliers.
If anyone has a case study that explains how they have achieved similar goals, we would all be very interested to hear about them.
Moving on from the above, it would also be important to either improve or introduce solutions that could do the following –
• Continuous Forecasting to constantly adjust and adapt incrementally within day, based upon actual demand thus avoiding the delays resulting from traditional batch processes.
• True Multi-Party collaboration that provides full visibility of the latest actual supply and demand across all parties and drives replenishment from these known facts.
• Last Minute Allocation (LMA) to postpone replenishment until the last possible moment and use the latest true demand and supply positions to ensure optimal allocation of available supply.
• Inbound Order Prioritisation to reprioritise critical incoming orders into the DCs thus maximising availability and improving throughput, and using this to drive final allocation of supply onwards.
Thanks for reading.
Chris
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