Optimization and automation of inventory management

Summary

Optimizing inventory management by setting up an automatic replenishment solution was the mission assigned to the BGFi consulting teams by a world-renowned haute couture brand.

Business Challenge

  • Optimize inventory management
  • Setting up automatic replenishment
  • Anticipating stock-outs

 

ADNEOM’s Solution

  • A consolidated inventory per store
  • Forecast sales based on historical data
  • A warning system for insufficient stocks

 

Setting up automatic replenishment

Optimizing inventory management by setting up an automatic replenishment solution was the mission assigned to the BGFi consulting teams by a world-renowned haute couture brand.

This company has used our know-how to ensure the calculation of an ideal stock in store, to realize potential sales and to measure the potential of these sales. The project also aimed to put in place an efficient solution to meet the international growth of the customer.

The provision of a business application giving a global view of the stocks of different stores allows inventory or supply managers to make fast and precise decisions.

An inventory optimization application

Faced with this client’s need, BGFi has implemented an application based on IBM Cognos TM1 with an Excel interface.

To address the short-term issues of forecasting in-store sales and inventory management, BGFi consulting represented both the “Sales Forecasting” and “Stock Replenishment” sections in a multidimensional TM1 application correlating the information and automating both.

Today, this application runs on a daily base and has the ability to send shop orders automatically to the ERP system.

Technologies

  • IBM Cognos TM1
  • IBM Cognos BI

Other Key Elements

  • Project time: 6 months
  • Project mode: fixed price
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