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Retail Replenishment

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. Ideaca helps Retailers tackle these unique challenges through TXTPERFORM2008, an exclusive combination of supply chain performance management and supply chain planning capabilities.

Retail Analytics Solution Highlights

Ideaca utilizes an industry proven solution from TXT that can operate as a standalone application or integrate with an existing one. The TXT solution is an integrated demand, supply chain and business performance management application that spans the following critical Retail processes:

  • Strategic Planning
    • Company Targets, Strategic Plan, Financial Plan
  • Merchandise & Store Planning
    • Store/Channel Sales Plan, Category Plan, Forecast
  • Open-To-Buy (OTB) & Purchase Planning
    • Weekly Sales, Stock and Intake (WSSI), Open-to-Buy, Open-to-Buy Evaluation
  • Assortment Planning
    • Assortment Strategy, Assortment Plan, Item Planning, Initial Allocation
  • In-Season Control
    • Allocation, Replenishment, Re-Forecast, Markdown Planning

Additional solution highlights include:

  • Supports cross-functional business integration across Finance, Sales & Marketing and Supply Chain
  • Embedded best-in-class industry practices
  • Out of the box capabilities:
    • Master data integration out of the box
    • Integration of Retail sales and inventory data
    • Advanced solutions available

Retail Replenishment Solution Benefits

Optimize inventory levels for reduction of working capital

  • Reduction in non-selling or stale merchandise
  • Store/product clustering to drive improved allocation & replenishment
  • Automate ordering to best meet demand and forecast patterns

Enhanced consumer demand performance

  • Localized assortments to drive customer-centricity
  • Minimize lost sales due to out-of-stocks

Cross functional business process integration

  • Improved assortment strategy to reduce incidence of markdowns and write-offs
  • Rationalization of SKUs driven by constant view into perpetual inventory
  • Optimize use of selling space for profitable product mixes

Tangible Benefits Realized by Retailers

Improving Product Assortments

  • Footwear retailer – 10% increase in markdown margin
  • Apparel retailer – 5% reduction in inventory, with improved product availability
  • General Merchandise chain – 5% to 15% sales increase, margins up 2% to 3%
  • Department store chain – 5% sales increase via average basket growth

Improving Forecast Accuracy

  • 15% less inventory
  • 17% stronger perfect order fulfillment
  • 35% shorter cash-to-cash cycle times

Improving Visibility and Integration through Sourcing Processes

  • Improving inventory turns to as little as five to seven days
  • Achieving net margins of 15% to 20%
  • Racking up comparable store sales increases (stores opening one or more a year) of 10% to 12%
  • Fostering greater than 80% full-price sell through

Listen in on a pre-recorded Retail Replenishment Webinar to hear how Ideaca and TXT's solution has enabled HDS and other retailers to reduce overhead costs, reduce out-of-stock-occurrences and reduce cash-to-cash cycle times.

Learn how Ideaca can help. Contact us online or call 1-866-816-4332.