Posts tagged replenishment

Replenishment Planning


planningIn retail system, for optimizing business performance is to drive supply chain in alignment to the business strategy. The basic component for a high-performing supply chain is robust planning.

Retail Replenishment planning is predicting future requirements to balance supply and demand which involves multiple communication between warehouse, Head office and all the stores. This supply of stock depends on multiple factors like priority of store, zonal preference, seasonal trends, past trends, etc. Handling all the factors and evaluating the supply of stock requires a robust replenishment engine.

Ginesys ERP software replenishment planning module has it all! The convenient supply chain planning and a powerful replenishment engine. Ginesys users can plan their stock supply with utmost ease catering to all factors. It provides a single point control (the head office) to set all the unambiguous planning processes for all its stores and warehouse.

Flexible and automated Ginesys replenishment planning module gives its users from a dynamic dispatch system to a complete parameterized system which takes into account the article-category, store plan and the latest sale trends and handle the dispatches during the beginning and end of a season and seasonal changes. Its flexibility is justified by applying any algorithm to its replenishment model and by dynamic stock routing.

Thus, Ginesys retail ERP solution helps you drive your business operations with complete ease, transparency and efficiency which will take it to a next level!

Planned replenishment – why serious retailers fret over it.

Retail is synonymous to competition and the retailer who is well stocked to meet consumer demands, often has the last smile. It is though easier said than done to fine tune  the balance between demand and supply. That’s why retailers are becoming increasingly serious with the aspect of planned goods replenishment.

Challenges that retailers face in goods replenishment

The retail value chain is infected with pitfalls, creating bottlenecks and slowing down operations. Even the most efficient retail operations face occasional hiccups which slows down the deliverables, resulting in prospective revenue loss. Some common challenges that modern day retailers face are:

  • Wrong dispatch of goods

  • Maintaining the balance between inter-seasonal and intra-seasonal dispatches

  • Bridging the gap between lead times and sales quantities

  • Limited flexibility in supply chain to counter fluctuating demand

  • Wrong demand estimate

While manual error can not be always checked, procedures can be put into place to automate demand replenishment and ensure that retail stores are always ‘optimally’ stocked.

Importance of customer attitude mapping with demand maps

Customer attitude is what drives demand and it varies with demographic, location, occasions and income levels. Needless to say, one has to drill through huge amount of data to decipher the actual demands against specific parameters. For big level franchises, the task of mapping demand becomes even more complicated. Retailers thus are in the lookout for modules which will help them streamline product replenishment planning effectively. This is where automated demand maps come into play. A comprehensive demand map effectively answers the following questions in retail supply chain: replenishment

  • What to produce/procure transfer?

  • When to produce/procure transfer?

  • Where/how to produce/procure/ transfer?

  • Where to despatch the goods?

  • How much to despatch the goods?

Easy data projection aids better decision making

Data clutter is nightmare for retail decision making and certainly one that needs simplification. Staying true to this philosophy, retail planning modules are adhering to simplistic interfaces and flexible maneuverability when it comes to deciphering decision pointers. In a revenue spinning retail market like India, ( predicted to be worth $ 950 BN by 2018) timely and accurate demand data is key to sustaining in the increasingly competitive market.

GINESYS has had an intimate relationship with Indian retail for the last fourteen years and that enables us to understand the pulse of Indian retail. Understanding the need for a comprehensive planning and replenishment platform, the developers of GINESYS are developing ADRENO – a planning and replenishment module for retail industry.

Inside Adreno – where demand and supply collate.

The need for decision making flexibility is well answered by the core algorithm of Adreno. The mobile-friendly intuitive graphical presentations gives a retailer the birds-eye view of where the demand lies and at what frequency.

Flexible and automated Replenishment Planning from GINESYS provides:

  • Dispatch system which takes into account the article-category, store plan and the latest sale trends.

  • Parameter wise system that can handle the dispatches during the beginning and end of a season and seasonal changes.

  • Flexible replenishment model enabled with a flexible algorithm which changes in tandem with demand map.

  • Dynamic stock routing for real time stock manipulation.

  • Graphical and mobile friendly demand maps for easy decision making

It is imperative to say the ADRENO takes into account historical data of the retail franchises to come to an well-informed conclusion. The result? A fully automated planning module which maps demand and initiates supply accordingly.

To know more about retail planning, visit: http://ginesys.in/solution/planning/

Call GINESYS for a free consultation: +91-9654551109

 

Replenishment tool reduces supply gaps

Never sold out due to auto-replenishmentGetting the right product at the right place at the right time is the major goal in running any retail chain. Through forecasting retailers try to get the product mix right at their stores through seasons. But once a product starts to sell at a steady rate it is an unnecessary headache to organize refills. This is the problem that we have solved through replenishment or more accurately auto-replenishment, which is now possible with Ginesys.
Once you have decided your minimum stock level and reorder quantity for the core stock items at critical locations, the system shall automatically raise a requisition for the stock from the warehouse whenever in-store stock plus inbound stock is below the minimum
quantity.
Ginesys takes this a step further: if the stock is falling low at the warehouse too then a required purchase orders report can be generated as well. This takes into consideration in-hand as well as in-transit (inbound – outbound) as well as requisitioned stock. On the basis of this accurate purchase orders can be raised.
This concept is the similar to open-to-buy found in other systems. So go ahead and think of the right product the other things will be taken care of.