Inventory Optimization

Inventory Optimization and Store Replenishment

Automating Inventory Management, Forecasting, and Order Management

One of retail’s greatest challenges is to understand how much inventory to have on hand at the store-level.  Too much inventory means working capital is tied up, too little inventory results in lost sales opportunities.

Introducing Revionics Replenishment:  The first fully integrated, software-as-a-service solution to optimize and automate the logical relationship between price and inventory for retailers. 

Price and promotion decisions have a significant impact on consumer demand.  What better way to predict the proper store-level inventory than to have one forecast fully integrated to price, promotion, markdown, and inventory activities?  

The Revionics’ forecast accounts for the impact of consumer demand, price, promotion, markdown, seasonality, holidays, cannibalization, affinity, events, product relationships, and more.  This forecast produces unprecedented accuracy for store-level inventory recommendations.

Revionics Replenishment includes the following components:

• Inventory Management:  This module maintains store level perpetual inventory.   It offers a fully integrated receiving system capable of tracking in-bound shipments from the warehouse or from Direct Store Delivery (DSD) vendors.   The system will also integrate with Point-of-Sale (POS) systems or back office systems to monitor sales on either a trickle feed or periodic batch basis.   The system also supports physical inventory counting as well as computer-directed cycle counting.

• Forecasting & Optimization:  This module generates optimal order quantities based on integrated forecasting, inventory levels and a real-time recognition of order status.   

• Order Management:  This module produces Computer Generated Orders (CGO) or Computer Assisted Orders (CAO) that allow the user to review and modify order quantities before submission.   The system also supports manual order entry through customer-defined order templates.  The system can consolidate or parse orders to separate vendors, track order status, and manage changes.

Key features of Revionics Replenishment include:

• Localized order allocation:  Allocate products to the right place at the right time to optimize system-wide inventory.

• Economic order optimization:  Purchase the right amount based on anticipated cost changes, deals, or discount structures.

• Inventory alerts:  Proactively manage inventory issues with alerts about low inventory, out-of-stocks, forecasted excessive inventory, and expiring date-sensitive product.

• DSD receiving support:  Automate receiving with DEX/NEX support.

• Automated reordering:   Improve productivity by optimizing standing orders with specified vendors.

What are the expected benefits for retailers?

1. Reduce store-level inventory by 20-30%
2. Reduce lost sales due to out-of-stock situations
3. Reduce shrink and spoils
4. Improve stock rotation

Revionics Replenishment is highly scalable, serving retailers of all sizes and lines of trade.   The solution is deployed for customers in a Software-as-a-Service (SaaS) fashion.  Revionics manages the hardware and software infrastructure, saving time and money for clients.

Learn more about Replenishment, or email us for more information.