How to define the Economic Order Quantity. Success story retail

About the company Economic order quantity, delivery schedule, inventory level and other prerequisites Reasons of choosing the system to define the economic order quantity Economic order quantity, reducing the level of lost sales and other results of the project If your company deals with the small business, then it will be quite simple for you…


Cloud-based TMS system for transportation management

Nowadays technologies are developing so drastically that continuous search of transportation management systems’ improvement ways became the norm. World tendencies demonstrate that most modern TMS software is based on cloud computing. This fact is explained by availability and easy utilization of cloud-based solutions; moreover, upfront costs are minimized. As a result, we obtain almost immediate…


Assortment optimization in retail

At first glance, assortment optimization in retail seems to be a background task, though it often hides the significant possibilities for growth of profits. Please find hereby a case of an international production company that optimized the management of its product assortment based on the Theory of Constraints. Preconditions Indian company Fleetguard Filters Pvt Ltd…


Inventory management as a key driver of company profit

We offer you to look at the case regarding optimization of inventory management using the example of retail chain The main distinguishing feature of the leading companies is the continuous control of quality at all working stages. For the purposes of qualitative improvement of control over the inventory management system, company’s management team asked ABM…


Assortment optimization

Product assortment optimization becomes irreplaceable in view of modern trends of increasing the product versatility. There is a need to keep a bigger amount of different stock keeping units (SKU). Each separate stock unit requires a separate managing. However, the limitedness of money forces managers to design a single policy in order to manage all…


Product assortment optimization

Formation and product assortment optimization in store are the processes that are closely related with company’s economic indicators. Surface assortment management can cause profits reduction and regular customer loss. Besides, if sales forecasting is a basis for assortment management, then the optimization cannot be driven by the actual customer demand . This certainly leads to…


How to provide stock availability?

Qualitative Inventory ensures constant product availability on the shelf in retail or in the warehouse of distributor and manufacturer. When answering the question “What is important for the buyer when buying?”, the various factors can be distinguished: price, service level, quality, etc., but if the goods are not on the shelf, then all other factors…


Inventory distribution

Distribution of the inventory in the retail trade and distribution has the direct influence on a company’s profit. We would like to provide the real-world example here how an inefficient distribution of inventory brought losses to the company. And how optimization of the inventory distribution processes from the suppliers and inside the trading chain improved the…


Supply chain management

Article covers the supply chain management with the use of Theory of Constraints (TOC) approach. The TOC suggests to consider the supply chain as an integrated system and when making a decision on each level of the supply chain, one should focus on the global optimization, rather than on the local improvements, as it often happens….


Inventory turnover rate

How to improve the inventory turnover rate in every point of supply chain: supplier-manufacturer-distributor-retail? Implementation of the Theory of Constraints (TOC) tools, especially the Dynamic buffer management allows to considerably improve the inventory turnover and business performance rates. Inventory turnover is the estimate indicator. In order to choose the methods of influence on it, let’s…


Inventory management in a trading company

Currently, the effective inventory management at a trading company and ability to respond quickly to market changes are the decisive competitive advantages of both the major retail chains and the small “neighborhood” stores. Inventory in trading is the main capital, thanks to which the trading business exists actually. Procurement managers make hundreds or even thousands…


Dynamic buffer management in ABM Inventory system

Dynamic Buffer Management (DBM) is a tool of the Theory of Constraints, which allows to effectively manage the enterprise reserves by focusing on the actual consumer demand. DBM implementation enables to always have the right product in the right place at the right time. As a result, the level of surplus decreases and losses of…

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