Maximizing Retail Allocation & Replenishment: 5 Tips for Staying Ahead
Allocation and replenishment are crucial to meeting customer demand and avoiding stockouts—there’s still a lot you can do to optimize these processes and keep your shelves stocked.
Here are Martec’s top tips to enhance allocation and replenishment efficiency:Focus on High-Impact SKUs: Use ABC analysis to spotlight your A SKUs—the top-selling products that drive the majority of your revenue.
Cut Cycle Time: Shorten the cycle time to minimize forecast errors and reduce stockouts. The shorter the cycle, the better control you’ll have over inventory!Watch Out for Self-Inflicted Stock Issues: Optimize pack sizes and Minimum Display Quantity (MDQ) to better suit each location’s demand.
Minimize Non-Productive Tasks: If you’re using Min/Max systems, avoid frequent manual resets.
Automating where possible means teams can focus on value-added tasks instead of repetitive adjustments.
Make Data-Driven Adjustments: Lean into data for real-time adjustments and allocate proactively based on seasonal shifts and demand trends.
Effective allocation and replenishment don’t have to be rocket science—just a bit of strategy, some well-placed data, and consistent process improvements.
Martec’s e-learning course on allocation and replenishment offers a deep dive into industry best practices - learn how to keep your inventory on point every season!Follow Martec for more industry insights!
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Posted by Brian Hume
1st November 2024
