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The right stock at the right time in the right shop

Advanced demand planning and store replenishment in the retail industry

The retail industry is a dynamic and complex industry: the number of product introductions is increasing, the promotional pressure is high, and turnover is fragmented across multiple locations and channels. Slimstock Retail focuses on specific retail issues in the area of inventory optimisation within the Food, Fashion, and Non-Food industry. The focus is on the central warehouse, the webshop(s), and automatic store replenishment. The inventory optimisation software Slim4, combined with our years of retail industry experience, ensures that we reach our goal: the right stock at the right time in the right shop.

Proven results

Implementation processes are short and lead to direct results. Proven results at our customers are:

  • Up to 50% reduction of out of stocks
  • 2-7% more turnover, resulting from improved availability
  • 10-30% inventory reduction

Non-Food

Maximise turnover with minimal capital investment

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Fashion

Reduce the costs of sales and avoid costly reallocations.

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Food

Maintain high levels of availability and minimise excess and waste.

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Ecommerce

Invest capital as efficiently as possible with Slim4.

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Balanced inventory with dynamic inventory management

Slim4 automatically generates a forecast and the right inventory level per article, and per location (DC, store, and webshop) on a daily basis. During the forecasting process, the software takes the type of demand pattern, seasons, trends, and promotions into account. When calculating the right stock, it always looks at the whimsicality of demand, the requested service level, and the product life cycle phase. That way, the inventory is always in balance.

Balanced inventory with dynamic inventory management

The retail industry environment is characterised by many locations and sales channels. This is particularly relevant within an omnichannel environment where turnover is fragmented; in this instance it is very important to plan the inventory centrally. Slim4 continuously looks at the whole chain; based on the expected sales opportunity combined with the margin that has to be realised, it can determine where to best place a product. Especially important at the end of the life cycle, but also in case of scarcity of product this results into optimal efficiency.

Industry specialists

Slim4 is standard software, which can be maximally configured and parameterised so it exactly fits the requested retail processes. To penetrate (and challenge) these processes, extensive retail industry experience is an important key to success. In 2010 Slimstock Retail was chosen as the winner of the ING Retail Year Award in the category 'Best Retail Excellence Idea'.

Resources

Wolseley canada Published in News - 09 March 2018

Wolseley Canada added to Slimstock’s rapidly growing list of North American clients

Plumbing and HVAC supplier, Wolseley Canada, selects Slimstock to improve in-stock performance for clients. Slimstock, a global leader in providing inventory optimisation software, today announced they will be supporting Wolseley Canada’s effort to reengineer sales and operation planning processes to ensure optimum performance from over 220 stocking locations. Slimstock’s implementation consultants will partner with Wolseley
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excess stock automotive aftermarket Published in Automotive, News - 14 February 2018

Why is the automotive aftermarket stalling over excess stock?

Over the years, I have met with many businesses in the automotive aftermarket sector with demand planning and inventory optimisation always being a hot topic for discussion. For many of these businesses, excess stock is both a major speed bump and something which causes headaches for management, finance and supply chain teams alike. While there
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supply chain graduate opportunities Slimstock Published in News - 31 January 2018

Slimstock relaunch The National Inventory Test to promote supply chain graduate opportunities

After another year of continuous growth, Slimstock UK is on the lookout for the UK’s top supply chain talent to join its ever-expanding team. As part of the recruitment drive, the inventory management specialist has decided to relaunch the infamous National Inventory Test in a bid to help promote a number of exciting supply chain graduate
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