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Home » Allocating the Right Stock, Place and Time to Retail Supply Chains

Allocating the Right Stock, Place and Time to Retail Supply Chains

May 1, 2013
Supply Chain Digital

So how do retailers ensure that high-fashion products with short lifecycles are placed in the right channels, in the right quantity and replenished carefully to minimize end-of-season markdowns?

Retailers today commonly push products quickly into stores using a "scattergun" approach. When new products land in distribution centres or warehouses, 60 to 70 percent are often sent directly to stores. Sizes and colors are distributed evenly, no matter where the stores are located and regardless of the buying patterns of local shoppers. This manual allocation process has a single goal: moving merchandise rapidly. There are benefits to this approach in that trendy products are available when consumers demand them, and retailers know that at least some of their merchandise is reaching customers.

But this approach also has a downside: where merchandise fails to sell as hoped, costs accumulate because of the need to transfer stock or mark it down. Large quantities of misdirected merchandise also interfere with retailers' ability to turn over inventory and make space for new products. This is where intelligent allocation software can make a huge difference.

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Forecasting & Demand Planning Supply Chain Planning & Optimization Technology Apparel Pharmaceutical/Biotech Retail
KEYWORDS Apparel Apparel Supply Chain Demand Planning Distribution Management Forecasting & Demand Planning Inventory Planning logistics management Logistics Planning logistics solutions Pharmaceutical/Biotech Retail retail supply chain SC Planning & Optimization supply chain IT Supply Chain Management Technology
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