Replenishment Optimization

Improving inventory management

Too often we see retailers running out of stock or facing too much stock that has to be marked down. To avoid these situations, retailers need to improve their replenishment and fulfillment strategies.

Effective replenishment and inventory management focuses on the merchandising, planning and supply chain operations that take place between the initial buying decisions and the end of line markdowns.

How PwC Can Help

Replenishment and fulfillment strategies, processes and organization should be optimized in order to maximize any investment in replenishment software. PwC Canada’s Retail Consulting Services will use their extensive replenishment and inventory management experience, both as consultants and as executives at major retailers, to help you:

• Quantify the financial benefits of using scientific inventory management practices
• Develop business requirements for selecting inventory management and replenishment software, and manage the vendor selection process
• Implement leading replenishment systems
• Identify and help institute changes to your business processes required to fully capitalize on investment in new software and direct you toward best practices
• Get the most from your legacy system by developing “quick-win” opportunities that generate confidence, momentum and financial benefits that are often necessary for a retailer to fund a major transformation project.

Whether you are implementing new replenishment software or fine tuning existing tools and processes, we can help you reduce stock-outs and overages.

Contact an industry professional in your area to discuss your unique business concerns.