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Inventory Control

Inventory Control

Assures an efficient End-to-end inventory management control, from store stock monitoring to ordering and delivery control.

 

diagram retail inventory controlEfficient management of inventory is essential to a retailer’s bottom line. It costs money to purchase and store goods, so inventory managers optimize warehouse and store space. Out-of-stocks have an impact on the top line with lost sales and unsatisfied customers.
 
RAID Inventory Control helps anticipate and mitigate out-of-stocks as soon as orders are placed or when short deliveries occur, as well as tracking over-stocks, which can result in undue cost and waste, particularly with seasonal and fresh products.
 

Efficient management of inventory is essential to a retailer’s bottom line. It costs money to purchase and store goods, so inventory managers optimize warehouse and store space. Out-of-stocks have an impact on the top line with lost sales and unsatisfied customers.

 

RAID Inventory Control helps anticipate and mitigate out-of-stocks as soon as orders are placed or when short deliveries occur, as well as tracking over-stocks, which can result in undue cost and waste, particularly with seasonal and fresh products.

KEY AREAS COVERED
Give analysts a broader insight across the organization
  • Store Stocks Monitoring
    Promotes proper inventory control at retail stores, by minimizing out-of-stocks, over stocks and stocks shrinkages.
  • Store Ordering Control
    Ensures agility in the ordering process, after a decision to order is made by retail store (purchase requisition).
  • Orders Delivery Control
    Controls order fulfilment and products shipment / delivery accuracy.
CHALLENGES ADDRESSED
Address industry-specific regulatory and compliance requirements
  • Are demand forecasts accurate and reliable?
  • Is the inventory properly updated?
  • Are Purchase Orders made on-time?
  • Are product deliveries made on-time?
  • Are customers satisfied?
  • Are my inventory holding costs too high?
  • How fast am I reacting to OOS?
KEY RISKS AT A GLANCE
Since the product provides a holistic view of data across multiple business environments and applications, you will get the visibility you need to quickly understand the financial impact and risk of each alarm and quickly identify the root cause of each exception
  • Out-Of-Stock Products
  • Over-Stock Products
  • Company Revenues
  • Supply Chain Costs
  • Customer Service Levels
  • Innacurate Inventory

PREVENT OUT-OF-STOCK, OVER-STOCK AND SHRINKAGE EPISODES

1. Store Stocks Monitoring2. Store Stocks Monitoring3. Store Stocks Monitoring
In order to provide a proper store stock control, RAID Retail automatically audits products stock levels, so retail stores can minimize the impact of out-of-stocks, over stocks and stocks shrinkage.

By that, RAID Retail helps anticipating and mitigating out-of-stocks as soon as orders are placed or short deliveries occur, as well it monitors over-stocks which result in undue cost and waste, particularly in seasonal and fresh products.

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GUARANTEE A FLAWLESS CONNECTION BETWEEN STORES AND DC/SUPPLIERS

RAID Retail allows retailers to continuously control their own store ordering by daily monitoring the communication between retail store and DC/suppliers, assuring the restoration of the desired stock levels as soon as possible.

By controlling its ordering process, the user will be able to maximize resource productivity, develop standardized processes, eliminate duplicate efforts and minimize inventory levels.

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4. Store Ordering Control

REAL-TIME ORDER DELIVERY PERFORMANCE MEASUREMENT

5. Orders Delivery Control
RAID Retail assures a detailed order delivery control by identifying, measuring and preventing varied business risks in retail stores such as damaged goods, quantity discrepancies, incorrect goods, order delay delivery, etc.

For instance, RAID Retail measures how accurate are orders deliveries (goods receipt at retail store) according to a predefined set of quality goals (e.g. correct products received in the correct amounts, at the correct time, in the correct packaging), providing an updated operational performance overview.

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LEARN MORE ABOUT INVENTORY CONTROL FOR LARGE RETAILERS

Overview

RAID RETAIL COVER DATASHEET
 

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