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Store Inventory Management-Implementation of Store Inventory Management System

Store Inventory Management-Implementation of Store Inventory Management System

Customer
One of Australia's largest retailers with stores in Australia and New Zealand, selling apparel and general merchandise through department store chain and discount chains.

The Challenge

  • Individual stores thrive to have best possible stock levels of all products to meet customer demands. Store Inventory Management ensures store stocks are maintained at optimum level at all times.
  • Store order quantities were derived manually, which was error prone and less efficient, resulting in inventory overstock/out of stock.
  • Incorrect order quantity conversions from units to cartons leading to discrepancies between stock ordered and stock delivered.

HCL’s Solution

  • Automated the calculation of store ordering quantity using daily sales, stock on hand and deliveries (received or in transit).
  • Provided tactical solutions to distribute correct carton quantities across all stake holders, viz., stores, head office and warehouse, ensuring synchronized quantity conversions.

Value Delivered

  • Logistics cost savings, by eliminating over-stock or out-ofstock situations.
  • Gained cutting edge over the competitors, by providing mix-and-match promotions.
  • Improved system reliability

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