ChainBalance is specialized in the niche market of stock management and has developed the inventory optimization tool ChainBalance Smart Supply®. A software tool to sell products in-season to eventually achieve a noticeable margin improvement. We are able to deliver the first positive results within 3 months after the implementation.
These days maintaining a high level on non-selling inventory is unfortunately quite common in the retail industry. This is mainly because meeting on the true consumer demand is a challenge because consumers can choose many unique product combinations at different price points through on- and offline channels. ChainBalance Smart Supply® will help supply chain efforts to focus on meeting the true consumer demand to avoid loss of sales to competitors.
Based on local sales data, Smart Supply® triggers to increase replenishment on fast movers and no replenishment on slow movers. This means that Smart Supply® will enable planners to keep the inventory higher in the supply chain for both fast- and slow movers. This will lead to a flexible stock level at distribution centre level.
Suppose: A store receives 2 products at initial delivery and sells 1 product after 2 months. Would you create a new order to replenish the stock?
The answer is NO 1-on-1 replenishment because this new item will probably not be sold at the standard RRP.