Inventory Optimisation for Trade Merchants
Inventory Optimisation: Bridging the gap
The world is getting smaller. The Far East now dominates the
supply scene, bringing with it the challenge of predicting future
good needs up to six months in advance. Add to that the
restrictions of minimum order quantities and the constraints of
containers, Trade Merchants perform a delicate inventory balancing
act on a day-to-day basis.
End users are now more demanding than ever, looking for the
one-stop-shop solution, and if you don't hold the stock, someone
else will. New products have to be accounted for and good stock
management is critical if Trade Merchants want to avoid getting
stuck with obsolete stock. This requirement to hold broader product
portfolios with shorter life cycles means Trade Merchants must also
become the masters of promotions, pushing 'older' products or
products with excess out of the door.
Forecasting Inventory: Taking care of business
At Barloworld Supply Chain Software, we understand that managing
a complicated inventory forecasting process across many products
and with many inputs is a real challenge; it's little wonder that
many Trade Merchants are forced into buying outside of the system
at inflated prices in order to satisfy their customers. But this
doesn't have to be the case. Taking back control of inventory
management can be a painless task.
We at Barloworld Supply Chain Software bring a world beating
methodology, teamed with first class inventory management software
and expertise that will transform your supply chain into a process
that works with you and your staff to inspire your business.
Inventory Management: Understanding your supply chain
At Barloworld Supply Chain Software we understand the need for
effective processes to ensure that demand is managed and that
optimal orders are placed week-in and week-out. While Trade
Merchants can easily collect accurate inventory data, without the
right tools, successful manipulation of that data to create good
forecasting information is a challenge. All too often, pressure is
unfairly placed on Trade Merchants inventory planners to perform
magic with that data, but with our help you can analyse and
properly present this readily-available raw data, and transform
simple replacement of inventory into forward planning, strategic
modelling, visibility and control.
Inventory strategy: Delivering effective supply chain results
to our customers
Stephen Bacon, Supply Chain Director at Jewson, came to
Barloworld Supply Chain Software looking for simple, focussed
supply chain software that did what it said on the tin. Not only
did he get that, but he also benefited from reduced inventory,
increased availability, improved visibility and the specialist
knowledge that comes from a partnership with Barloworld Supply
"We're simple builder's merchants and we knew we needed a system
to track existing flows of products and order just the right amount
of stock at just the right time. Barloworld Supply Chain Software
delivered a product that was not too complicated, was flexible and
didn't involve huge changes to our existing system. The
installation and use has been very successful: inventory has been
reduced by 60%, while availability has increased from 85% to 98%.
We are very satisfied and we are considering using this technology
on more products longer-term."
In addition to the integration of Optimiza into Jewson,
Barloworld Supply Chain Software also recommended changes to
certain supply chain procedures and processes, consolidating sales
and automating the management of product supersessions.