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Optimize Retail Inventory through Demand Planning & Replenishment Solutions
Gain Value Chain Intelligence through a Centralized Demand Planning & Replenishment Solution
As Retailers, you face a number of ongoing trends and challenges (increasing distribution costs, low inventory turns, high COGS, stockouts) that need to be managed proactively while ensuring customer-centricity. As the pace of retail increases, a number of demand planning and replenishment related business imperatives have emerged, indicating a need for:
- Centralized replenishment to enable efficient tracking of orders, product flow and inventory visibility, enhancing both vendor compliance and stock position at the stores
- Automated ordering to best meet demand and forecast patterns
- Minimizing lost sales due to stock-outs
- Reduction of non-selling or stale merchandise
- Retaining localized assortments to drive customer-centricity
- Improved assortment strategies to reduce incidences of mark downs and write-offs
What can you expect?
The adoption of new technologies that support customer-centric demand planning is increasingly recognized by best-in-class Retailers as a means to help overcome business challenges, execute against imperatives and drive business benefits across the organization. Beyond streamlining individual processes to support more efficient and effective assortment planning, Ideaca can help determine appropriate workflows and key performance indicators (KPIs) across your organization that drive benefits across your organization through:
- An Integrated demand, supply chain and business performance management solution that proactively identifies issues and highlights bottom line results to end-users
- A best of breed, industry-proven solution from TXT eSolutions that can operate as a standalone application or integrate with an existing one
- Powerful planning functionality in an intuitive Excel client with visual galleries and editable charts to reduce errors and improve productivity and user adoption
- Comprehensive library of forecast algorithms for effective management of seasonality, promotions and markdowns
- Cross functional business process integration (finance, sales / marketing, supply chain)
What results have other Retailers experienced using the TXT Supply Chain Solution ?
- Footwear Retailer > 10% increase in markdown margin
- Apparel Retailer > 5% inventory reduction
- General Merchandise Retailer > 5% to 15% sales increase
- Department Store > 5% sales increase (avg. basket growth)
Forecasting Accuracy
- 15% less inventory
- 35% shorter cash-to-cash cycle times
Visibility and integration
- Improvement of inventory turns to as little as 5 to 7 days
- Comparable store sales increases of 10% .to 20%
- Greater than 80% full price sell-through
How can we help you?
Our experienced team of retail consultants coupled solution accelerators and an integrated software offering from TXT eSolutions are all critical components to minimize your risk, optimize your performance and reduce your total cost of ownership. To learn more about Ideaca’s Retail solutions contact 1-866-816-IDEA, or e-mail sales@ideaca.com
