Merchandise planning and allocation for holiday season sale to achieve high profitability. Read the Blog.
Reduction in inventory holdings
Saving in working hours
Increase in revenue
One of the leading British denim wear brands with 750+ retail outlets, selling on its own website, and 6 major marketplaces, was experiencing excess stock in its warehouses and stores due to inaccurate inventory distribution. This led to a loss in sales opportunities at some locations and a blockage of working capital at others.
The brand was looking for a solution to help them analyze local demand and smartly distribute/ re-distribute inventory across their network of warehouses and stores, to facilitate faster order fulfillment at a lower logistics cost.
Increff Distributed Warehouse Inventory Optimization Module was implemented to build supply chain resilience and improve stock distribution with demand-wise allocation. Using in-built algorithms, the tool was able to analyze true customer demand, map at the Pin code level, and suggest intelligent inventory split across the brand’s network of managed warehouses and stores. Placing the right stock in the required quantity, at the right location, closer to the customers enabled faster fulfilment. It also facilitated fresh season allocation and mid-season replenishments/replacements with inventory redistribution through inter-store transfers, to increase revenue, reduce inventory holding and optimize sales.
Some notable features of Increff Distributed Warehouse Inventory Optimization Module include:
Implementing Increff Distributed Warehouse Inventory Optimization Module resulted in: