Ircmf 2009 Sri Lanka

Embed Size (px)

Text of Ircmf 2009 Sri Lanka

  • 1. Managing Retail Supply Chain by Effective Replenishment System with Forecasting Capability Supervised by:Mrs. Gayathri Ranasinghe REPSFORSYS Author:Chinthaka C. Palliyahguru University of Westminster UK Informatics Institute of TechnologyREPSFORSYS REPSFORSYS REPSFORSYS REPSFORSYS

2. Presentation Outline 3. 4. Business Case Introduction / Scope 5. Business Case Problem Domain Did you know ? Findings of the Industry Survey Rs. 22,000 6. Business Case Problem Domain Cont Findings of the Industry Survey Business Need to Address Both Issues 7. To develop an automated replenishment system in order to reduce the risk of losing sales and keeping unnecessary stocks at the outlets and thereby increasing profits of the retail stores and super markets. AIM REPSFORSYS 8. Business Case Objectives 9. 10. AnalysisCurrent System 11. AnalysisProposed Process 12. DesignOrder GenerationORDER= { [AVERAGE SALES] + [CRITICAL STOCK COVER] } [LATEST STOCK ] To generate accurate orders for the branch outlets based on demand which will be eliminating No StocksorExcess Stocksat branch outlets 13. DesignTools Used 14. 15. ImplementationKey Points 16. Evaluation Proposed System has implemented in the one of the localsmall super market chain 17. Evaluation -Reported benefits

  • Higher availability on the shelves,
  • Higher turnover,
  • Time savings due to automatic ordering,
  • Lower stock levels in the stores,
  • Smaller stores require lower delivery frequency,
  • More stable demand at the distribution centers, and
  • Inventory and cost transparency along the retailer's supply chain

18. Conclusion Key Points

  • Addressed the 2 key issues
  • In-accurate sales forecasting
  • In-efficiency
  • EPOS data is being used for the sales forecasting
  • Save considerable amount of man hours
  • Logistics and operations management research examines the performance of automatic replenishment programmes

19. Conclusion Key Points Contribution to the Society Contribution to the Business Value Creation Gaining and maintaining the Market Growth Reduce Business Risk and Enhanced Business OpportunitiesImproved Operational performance and efficiency Improvedattraction and retention of our work force Enhanced Brand Recognition and Reputation Enhance ability to strategically plan for the long term Maintain Security of the Operations 20. Further Research Fields 21. THANK YOU ! REPSF ORSYS Chinthaka C. Palliyahguru E-mail:[email_address] Mobile: (+94) 77 2907 488 Blog: