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Demand Forecasting and Inventory Management

We use Oracle Retail Demand Forecasting, Advanced Inventory Planning and Replenishment Optimisation modules, in order to reduce out-of-stock, increase revenue and optimise inventory levels.

A healthy supply chain is the heart beat of any successful retail organisation today and facilitates nearly all business operations. It could be providing industry-leading merchandise availability and maximising sales, or perhaps driving efficient change in inventory levels for a new assortment or season.

Some insight into the potential cause and impact of projected stock-outs or overstock conditions would be very welcome, as would an understanding of the trade-offs between service level goals and inventory levels. There are opportunities to make significant improvements to supply chain planning and execution. At Weigandt, we have created and implemented many inventory solutions for leading retailers, which provide a platform for prosperous supply chain optimisation.

Konzum Case Study

Supply chain optimisation solution

At the bare minimum, inventory and replenishment solutions need to be configurable to support multi-channel, multi-tiered supply chain networks. However, leading solutions provide a platform for business optimisation and competitive advantage, in order to facilitate sound inventory and replenishment decisions.

At Weigandt we use Oracle Retail Demand Forecasting, Advanced Inventory Planning and Replenishment Optimisation modules, in order to provide sophistication to any replenishment-based supply chain. Your supply chain team is guided by the highest priority tasks your business faces. Role-based dashboards enhance your users’ experience, enabling efficient, proactive management of tasks such as:

  • Creating accurate demand forecasts incorporating influences of assortment, pricing and promotions.
  • Calculating the optimal inventory target levels at stores and warehouses to meet demand within revenue, profit and service level objectives.
  • Creating sourcing, replenishment and allocation plans, and converting constrained plans into orders, transfers and transportation schedules.
  • Facilitating the coordinated movement of merchandise and information throughout distribution facilities and processes.
  • Leveraging real-time inventory visibility at stores and warehouses.

Oracle forecasting capabilities allow you to integrate an enterprise-wide projection of customer demand across all channels, with time-phased inventory replenishment plans. The plans are for every level of your distribution network, from vendors to warehouses to stores to the hands of all customers.

The solution will enable you to:

  • Maintain a single projection of forecasted demand across all channels.
  • Utilise time series forecasting algorithms and the latest modelling techniques.
  • Manage all variables and constraints automatically to optimise inventory balances.
  • Create achievable forward-looking, constrained replenishment and allocation plans.
  • Facilitate the coordinated movement of merchandise and distribution information.

How can supply chain optimisation add value?

  • Reduces inventory by allocating the minimal inventory necessary to achieve the desired sales and service levels. Estimated inventory reduction of 10-15%.
  • Improves inventory turns necessary to achieve sales and financial goals.
  • Improves merchandise sell-through by optimising replenishment settings and monitoring for stock outs and overstocks.
  • Increases in-stock availability by optimising inventory to avoid costly out of stocks without excess carrying costs. Typical sales growth through availability of 1-4%.
  • Decreases markdowns, obsolescence and waste throughout the product lifecycle. Markdown and/or waste reduced by 5%.

Cost reduction through cross-business operational effectiveness realised via:

  • Purchase and store order creation automation and user exception management of value adding activities only, and
  • A single inventory and order plan that removes duplicated plan creation effort across departments.
  • Increases replenishment system users’ efficiency by eliminating the need for management of SKU by location level data maintenance.
  • Opportunity to share replenishment plans with suppliers in order to aid collaborative working, in turn leading to improved vendor availability and compliance.
Does this solution suit you?

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