Inventory Management
- Proactively manage forward retail inventories to meet trading partner goals
- Identify stores with too much or too little inventory and redistribute over time
- Maximize sales with current inventory levels
Working with retail customers to manage inventory levels at both the distribution center and store level is an increasingly important role for account teams. Retailers are demanding that their suppliers streamline inventory. At the same time, they are also stratifying products based on financial contributions or other market-based considerations. How do you streamline retail inventory without increasing the rate of out-of-stocks or reducing retail sales?
TrueDemand enables account teams to solve these challenges across hundreds of products and thousands of locations, as well as across different business processes such as traditional ship-to-order, vnedor managed inventory (VMI) and direct store delivery (DSD).
Ship-to-Order
TrueDemand provides an accurate daily demand forecast taking into account the true inventory in stores and distribution centers as well as daily POS data about what is actually selling.
Vendor Managed Inventory (VMI)
Instead of relying solely on a retailer forecast and retailer reported inventory, TrueDemand generates accurate replenishment orders based on true demand and true inventory at the store. In addition, TrueDemand enhances replenishment planning solutions such as the IBM Continuous Replenishment Planning (CRP) service, providing more accurate and actionable downstream intelligence.
Direct Store Delivery (DSD)
TrueDemand’s accurate demand forecast and inventory metrics combined with actionable recommendations for in-store tasks and interventions enable more efficient and effective direct store delivery.
Using the latest sales, inventory and forecast demand data, team members quickly identify locations and initiate action where products fall outside desired inventory tolerances. As the business process improves and products and locations begin to conform to the new levels, account teams can easily refine and constrict the thresholds even further as retailers advance their plans to reduce inventory levels over time.
Use TrueDemand to empower your account teams to manage inventory levels, rapidly respond to market demand and make sales execution a sustainable competitive advantage.
TrueDemand Features
- Configurable alerts at the product level to ensure focus remains on the most important products
- Metrics that easily identify products and locations that are both over-stocked and under-stocked based on individual rate of sales
- Timely access to retail data enabling near-real time issue management
Contact TrueDemand today to learn more. Use our online form on the left, or call 888-809-7855.