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Retail Solutions provides our suppliers and us the right set of tools to proactively work together improving our joint operations.
-Troy Prothero, Supply Chain Manager,
Food Lion
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Retailers: Supply Chain
Retail Execution Management for the Supply Chain Organization
Many retailers have focused so much on inventory reduction and store availability that the cost of further marginal improvements has become prohibitive. This warrants a new approach - one that looks at a holistic approach to supply chain rather than one focused on further improving operations between your own four walls.
Involving suppliers in your supply chain project is no new news - with Vendor Managed Inventory (VMI), Direct Store Delivery (DSD) or even Scan-Based Trading (SBT), suppliers have long had a critical role to play in optimizing the availability of products at retail store. However, most of these projects are run without the ultimate goal in mind: shopper sales. Unless suppliers truly see what sells at the store and how much inventory is available at all supply chain nodes (store and warehouse) at the time they schedule the next order or delivery, they are at risk of over- or under-stocking your items - resulting in supply chain havoc or shelf out-of-stocks.
Introducing Retail Execution Management for the Supply Chain Organization
Retail Execution Management provides the data foundation and the solutions powering supply chain excellence. By creating a single, up-to-date version of the truth shared between your suppliers and your internal team, Retail Solutions-powered suppliers have become better partners to drive a more effective, integrated and leaner supply chain:
- Better visibility and reactiveness by suppliers to store-level issues - from out-of-stock fixes, including root cause resolution to emergency orders to ensure a new product or a promotion remains in-stock
- More accurate forecasting, resulting in lower overall inventory levels without affecting store and shelf availability
- Integration of retailer demand data into VMI, DSD solutions to ensure suppliers can optimize availability without clogging the system with unnecessary inventory
Retail Solutions has partnered with many retailers - at no cost to them - to help them involve their supplier community more effectively in their supply chain. Today, our forecasting solution provides forecast for over 200 accounts in the United States alone. Using Retail Solutions, more than 300 CPG companies work with over 30 retailers to build more effective, smoother and more efficient supply chains.
Welcome to Retail Execution Management, powered by Retail Solutions.