MS E Reordering
Introduction
In fashion and retail, certain products are in continuous demand and they need to be made continuously available to consumers. It is essential to maintain the right amount of cover stock at warehouses or stores based on the demand at all times. This involves continuous tracking of demand and correction of stock at the warehouse and store to meet this demand.
Increff MS Enterprise offers a module which provides the solution to managing the reordering process of a brand.
Objectives
To project the Future sales required at an EAN Level by analysing the past data and computing the forward ROS using the AOP and Season wise contributions calculated by the system
Calculate actual closing stock based on lead times - depletion
Calculate the Target required Stock for any channel/set of stores for the upcoming period based on the required cover in days
Arrive at reordering quantity based on the difference between target stock and actual closing stock
While doing so the system should also maintain a minimum availability for each size at each location