Managing Retail Supply Chain by Effective Replenishment System with Forecasting

Capability

Supervised by: Mrs. Gayathri Ranasinghe

REPSFORSYSAuthor: Chinthaka C. Palliyahguru

University of Westminster – UKInformatics Institute of Technology

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Presentation Outline

Business Case – Introduction / Scope

Business Case – Problem Domain

Did you know ?

Rs. 22,000

Findings of the

Industry Survey

Business Case – Problem Domain ContFindings of the Industry Survey

Business Need to Address Both Issues

3529

10

10203040

No of SM Interviewed

No of SM got EPOS

No of SM consider EPOS data when the do Ordering

EPOS SM / Stores

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

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Business Case – Objectives

Analysis– Current System

Analysis– Proposed Process

Design– Order Generation

ORDER = { [AVERAGE SALES] + [CRITICAL STOCK COVER] } – [LATEST STOCK ]

To generate accurate orders for the branch outlets

based on demand which will be eliminating

“No Stocks” or “Excess Stocks”

at branch outlets

Design– Tools Used

Implementation– Key Points

EvaluationProposed System has implemented in the one of the local small super market chain

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

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

Conclusion – Key Points

Value Creation

Gaining and maintaining the Market Growth

Reduce Business Risk and Enhanced

Business Opportunities

Improved Operational

performance and efficiency

Improved attraction 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

Contribution to the Society

Contribution to the Business

Further Research Fields

THANK YOU !

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Chinthaka C. PalliyahguruE-mail: ccpalliyaguru@gmail.com

Mobile: (+94) 77 2907 488

Blog: http://www.chintho.com