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Maximise on-shelf availability while eliminating avoidable waste

Food Retail: effective inventory management

Customers measure your success by the freshness of the products you sell. However, maintaining high levels of availability while simultaneously eliminating waste is a constant battle for businesses across the food industry. Given that customer demand only the freshest produce and expect a huge amount of choice, it’s vital that businesses find the balance between customer satisfactions and cost control.
With the advanced forecasting and daily planning capabilities of Slim4, you can achieve the on-shelf availability that customers expect while simultaneously minimising excess and waste.

Results

  • 50% reduction in avoidable fresh waste
  • On-shelf availability improvement up to 99.9%
  • 15-20% reduction in inventory costs

Responsive inventory management

With the inventory management solution, Slim4, the focus is on reducing excess stock & therefore waste across the business. Through improving forecast accuracy and establishing a dynamic buffer stock based on anticipated daily demand, supply chain teams can determine exactly when to place an order & how much to order.

Maximising on-shelf availability through daily planning

Maximising on-shelf availability has a direct impact on sales and perhaps more importantly: customer loyalty. However, holding excessive levels of stock can quickly result in waste, especially for items with short product shelf lives. Slim4 helps businesses anticipate demand on a day to day basis with greater accuracy, taking into account the expiration date of individual items as well as fluctuations in demand.

Optimised replenishment

Through considering local demand fluctuations, seasonality and emerging trends, Slim4, optimises inventory at both DC and branch level. Slim4 calculates the optimal order level at both an article and branch level on a daily basis ensuring businesses achieve the desired service level for each item as fulfilling any requirement for presentation stock. Thus, businesses can reduce the number of out-of-stocks by up to 50%.

Minimised Inventory costs

Through utilising the EOQ capability within Slim4, food businesses can minimise logistics costs while taking full advantage of price breaks. With Slim4, daily orders are adapted to the current demand patterns, drastically reducing the risk of overstock and almost completely avoiding out or stocks. Through optimising orders and delivery schedules, businesses can automatically fill trucks to capacity and thus, reduce both firefighting and pressure on the inbound logistics team.

Flexible promotions & events management

Our inventory optimisation tool automatically calculates the sales uplift during such periods in order to better in order to better prepare your operation for promotions and seasonal events such as Easter and Christmas. Through using a specific forecast as a basis, retailers can ensure that the right level of stock is available in a timely manner to cover demand and minimise excess at the end of an event or promotion.


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Solutions to help your business thrive and grow

Slimstock offer many solutions that can help your business today.

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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