News

Aldata White Paper identifies new methods for retailers to improve profits and customer satisfaction

21.09.2009

Savvy Retailers Need to Strike a Balance between Supply Chain Costs, Stocking Efficiency and Shelf Availability

Aldata Solution, a leading provider of software solutions for the retail industry, today announced the availability of “Replenish Better,” the third in a series of ‘Retail Business Briefs,’ exploring the use of new approaches, strategies, best practices and technologies to help retailers improve their long-term competitive position. “Replenish Better” provides insight into how retailers in the United States and Europe can more tightly control excess inventory while still meeting customers’ demands. “Replenish Better” is available at www.aldata-solution.com/RBB.

Aldata’s “Replenish Better” business brief discusses how the amount of inventory that retailers carry is often tied to their product delivery cycle and order processes, such as how long it takes to fill orders and how often orders are placed. By implementing replenishment best practices, retailers can improve their cash flow, accelerate response to store demand and increase customer loyalty.

“Replenish Better” stresses the importance of accurate forecasting and automatic replenishment, and how these disciplines can improve inventory turnover and reduce slow-moving stock. This is especially critical in perishables and promotions, which should be incorporated into a retailer’s overall replenishment strategy. When done correctly, managing fresh and perishable items helps retailers to reduce expenses while providing customers with the fresh items they desire. A diverse fresh food selection, in conjunction with smart promotions, can boost customer loyalty and sales.

“Today’s retailers are grappling with tighter profit margins and waning customer loyalty. In order to succeed, they need to reduce the amount of profit tied up in inventory while keeping the right products on the shelf at the right time,” said Allan Davis, CMO of Aldata. “Aldata’s ‘Replenish Better’ Business Brief is designed to help retailers to rethink how they are stocking inventory, from the warehouse to the store floor, ultimately boosting profit margins while satisfying demand.”