Avoiding shortages and surpluses: Automatic replenishment for initial procurement, re-ordering of merchandise and automated orders.
For retailers, shortages and surpluses are a real show stopper: all efforts to optimize the supply chain and the customer experience are in vain if the customer is ultimately unable to buy the desired (NOS) article because it is not on the shelf due to a shortage. Meanwhile, surpluses cost hard cash: they increase the amount of capital tied up and articles that aren’t purchased become obsolete.
The causes are typically faulty ordering processes and inefficient replenishment processes. In short: Replenishment is not efficient and up-to-date.
Deciding how many items to order at what time does not have to be based on manual, error-prone calculations. We optimize decision quality through complex data analyses based on intelligent algorithms. Moreover, the decision process can be automated. The guidelines for data analysis are order parameters that are adapted to variable and dynamic situations in the fast-paced retail landscape. In this way, up-to-the-minute forecasts can be made, and problems can be identified in good time. Retailers save valuable resources due to the high degree of automation.
Our solution includes not only the initial procurement, but also the re-procurement with long and short lead times as well as automated ordering. Taking delivery quality and logistics costs into account, the software creates store and vendor orders.
In addition, we support merchandising with suggestions for potential NOS articles and indicate whether the replenishment of an existing NOS article should be discontinued.
Key Feature 1 – Alerting
Once surpluses or shortages have occurred, retailers can only react by limiting the damages. In order to instead adjust to emerging problems on time and to take the right countermeasures, our solution provides early and proactive warnings. The basis for this is the individual safety stock, which is determined by the system on the basis of the defined service level depending on an ABC analysis.
Key Feature 2 – NOS Rating
Which seasonal article is strong enough to be included in the NOS program? Which basics should no longer be NOS articles? Powerful performance analyses help you make decisions. To enable the user to make informed decisions, our replenishment solution generates suggestions for the NOS lifecycle and provides comprehensive performance data for each article.
Key Feature 3 – Realtime Dashboard
The individually configurable dashboard ensures that all users can see the key figures at a glance. Different filter and sorting functionalities provide even more flexibility and clarity.