The software to automate your stock optimisation
You will be familiar with it. Your merchandiser sends as much stock as possible to the stores, so that as little as possible stays behind in the distribution centre or warehouse. Unfortunately, this often means that you have to redistribute your stock later.
Smart Supply does not immediately send all stock from the distribution centre to the stores. After an initial allocation, the software uses an algorithm to determine the highest sales potential per SKU (Stock Keeping Unit) for each location. The stock will be distributed to the stores at which the demand for the product is the greatest.
Not one-on-one replenishment but a dynamic process. This means that you improve your product availability, increase your profit margin, reduce excess inventory and have fewer missed sales. But how does Smart Supply work? Find out below.
Less excess inventory
Fewer missed sales
You know the story. Your merchandiser sends as much stock as possible to the stores, so that as little as possible stays behind in the distribution center or warehouse. Unfortunately this means you are not tapping your full sales potential. And you frequently have to redistribute stock later.
Stock distribution based on demand
Smart Supply does not at first send all inventory from the distribution center to the stores. After the first allocation the software uses an algorithm to determine the highest sales potential per SKU (Stock Keeping Unit) per location. Stock is distributed to the stores where there is the highest demand for the product.
Dynamic process based on buying behavior
Your store inventory is determined by three factors with Smart Supply: realised sales, available stock and individual store settings. Based on an algorithm the software calculates the stock target levels of every SKU on a daily basis. Every night orders are created to realise these levels in each store. Not 1-on-1 replenishment, but dynamic stock management based on the purchasing behavior of the consumer.
Extra modules in Smart Supply
Consumer as the heartbeat of the
Smart Supply does not focus on trying to accurately predict the demand based on three years’ of historical information, as most stock optimisation does. Chainbalance takes an entirely different view of the supply chain as a whole.
Keeping your inventory as flexible as possible in order to respond to actual demand. That is the starting point of Smart Supply, so you can meet the demand of your customer as quickly as possible. Consumer behaviour becomes the heartbeat of the supply chain.
That’s how you improve product availability, earn higher margins, reduce saying ‘no’ to customers and reduce excess inventory in the stores. In short you make the most of your sales potential.
Software as a Service (SaaS)
Smart Supply is an SaaS solution that works via the Cloud. This offers several advantages:
No large investment is required to start using Smart Supply.
No extra costs for a server, management and maintenance.
Chainbalance manages the software. We take care of updates, installations and optimisation for you.
Smart Supply is available when and where you need it.