Keep Service Levels High and Inventory Costs Low
In a world of omni-channel retailing and changing consumer buying patterns, retailing is becoming more complex and fast-paced, and it’s virtually impossible to manually predict demand tomorrow, next week or in six months’ time. This is where the CONTROL Replenishment module assists in the following ways:
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Enables more accurate merchandise planning based on scientific formula rather than guesswork
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Supports seasonal forecasting
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Minimises inventory investment while ensuring sales are maintained
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Provides flexibility to quickly respond to sudden changes in demand and sales
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Ensures fewer lost sales due to stock shortages
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Delivers higher profits due to less markdowns
CONTROL Replenishment Features include:
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Variety of replenishment models: from automated reordering, generation of suggested reorders, to generation of reorder reports for management.
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Allocations: suggested allocations can be generated and reviewed, and used to create orders on suppliers, while stock ordered centrally can be allocated to stores as it is ordered.
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Open-to-Buy: a comprehensive Open-to-Buy system ideal for fashion or other retailers with ever-changing ranges. Can be maintained by department, sub-department, product group, supplier, store or a combination of these.
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Interactive Replenishment: set or modify suggested replenishment quantity for individual items taking into account sales’ history across stores, details of recent purchases, etc. Includes interactive multi-location replenishment.
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Other features: includes extensive order analysis, overseas orders produced in foreign currency, full import costing, and more.
Importantly, the CONTROL Replenishment system integrates fully with the Inventory Management, Accounts Payable and Sales and Profit Analysis modules.
For more detailed information on CONTROL Replenishment, download PDF now.
If you would like an obligation-free quotation of the Replenishment system, go here.
CONTROL Replenishment is fast to implement and easy to use. Contact us today about your requirements.