Reduce stock-outs, overstocks and the time it takes to create manual orders.
The traditional replenishment model based on manual ordering dependent on store staff has many disadvantages. Creating a quality order requires a lot of time, diligence, good analytical skills and experience. Even the most capable store staff often lack important data and information. As a result, it is often the case that products are often ordered only when there is an stock-out. Subsequent unavailability for several days leads to potential sales not being made and reduced customer satisfaction.
Automatic or semi-automatic orders are a great solution. It saves time for store staff, who can focus more on the customer. Goods are reordered in time to avoid stock-outs, but only in quantities that are reasonable to avoid overstocks and unnecessary expiration of the goods.
The main benefits of introducing automatic replenishment
Elimination of stock-outs
Quant checks the inventory levels in individual stores at set intervals and it creates product orders in a timely manner with respect to the required minimum daily reserve and according to the current sales trend. The goods are thus replenished before any stock-outs occur.
Reduction of overstocks
When manual orders are placed, more quantities than needed are often ordered to be on the safe side and overstocks are created. Quant continually updates the sales estimate for each individual store and orders the correct quantity taking into account the shipment intervals and required safety stock.
By implementing automatic replenishment, you save the most qualified store employees several hours a week, allowing them to focus on customers and store operations. However, time savings are significant even if semi-automated orders are introduced, as the employees only check the design created by Quant.