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.
Stock optimisation software for the sports industry
Do you work in a sports store or for a sports brand? Do you regularly have excess inventory? Perhaps you should consider optimising and/or automating the stock management process. Stock management is often the responsibility of a supply chain manager or of store staff. But how wise is it to have such complex and time consuming tasks carried out by your staff?
Automation in the sports industry
A lot of sports stores and brands determine their stock manually, registering current stock levels in an Excel spreadsheet and making forecasts based on last year's figures. In addition to complex size curves for shoes and socks, seasonal peaks make this a complicated process. Campaigns around fitness items for the new year or campaigns aimed at the new football season, for example, require additional attention in terms of stock levels. Can you predict how well the latest model of size-10 football shoe will sell? When replenishment involves multiple stores, variables and seasonal peaks, it is wise to automate this process.
Smart Supply: allocation and replenishment
Smart Supply stock optimisation software specialises in the allocation and replenishment of sports products. Instead of you or your staff, it is the software's algorithm that decides which items goes to which store and in which quantities. This means that the software takes difficult decisions for you. This significantly reduces the chance of mistakes, while also leaving your staff more time to provide customer service. Would you like to know more about how it works? Read all about Smart Supply.