Slimstock Offers 1,000,000 sku Inventory Management Tool
Inventory management software capable of processing 1,000,000 skus in less than an hour is now available. Its developers, Dutch-owned Slimstock, say that the new-look tool, Slim4, has the potential to revolutionize the way retailers handle forecasting, demand planning, inventory control and purchase support.
Dubbed ‘the complete inventory planning solution’ and already ranked as Europe’s front-running specialist supply chain software, Slim4 combines incredible processing power and versatility with ‘clinically crisp’ interface and overall ease-of-use, consistently effecting 25–30% reductions in inventory levels and investment, allied to measurable improvements in service levels. Slimstock’s Tim Murphy comments: “We’re saying that Slim4 will, not might, deliver better and more efficient inventory planning, increased service levels and lower inventory levels alongside higher margins, faster turnaround times, increased productivity and return on investment.”
Slim4’s aggressively ramped-up processing power enables calculations involving more than a million skus in less than an hour – making it perfectly tuned to the specific demands of the retail industry. The capability is up to 20 times greater than most of the inventory management tools currently available. Yet, says Slimstock, developers are already working on 6 million sku capabilities for the next release. In use, Slim4 continually analyses sales of all items and determines boundaries in which the demand of each item fluctuates — with simulations clearly illustrating the impact of defined service levels on inventory. Implementation time is remarkably short with ‘go live’ guaranteed within 25 days. Taking sales forecast, required service levels, minimum order quantities and lead times as the starting point, Slim4 calculates safety stock levels and ‘up to order’ levels in a 12-month purchase plan. By establishing demand patterns, the tool automatically delivers the best ordering method, resulting in faster turnaround times.
More information
www.slimstock.com
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