By means of the application Stock Control System (SCS), LTT offers retailers a powerful tool to manage and optimize their supply chain.
SCS is an application for PC and any hand held device, is web-based, and supports all of the store processes, amongst others the critical ordering process. Using the Central module of SCS, headquarters is able to support their stores on stock control.
The functionality that SCS offers is so extensive, that it determines stock levels in the rest of the supply chain as well. SCS can be defined as an application that is built from practice. ‘The show must go on’ is guaranteed bij SCS.
Examples are the self learning algorithms and the functionality that SCS makes decisions that support and relieve the user. During the research on and development of the forecasting algorithms, LTT made sure that the algorithms are self-learning. The algorithms adjust themselves continuously in order to obtain te best fit per item, per store.
Due to this approach, there is no statistical knowledge required at headquarters.
SCS provides an order advice for the entire assortment. Promotions, fresh produce, and fresh bread are all supported by SCS.
In order to achieve control of the flow of goods in the value chain, the entire assortment needs to be supported and managed.
Self-Learning
During the research on and development of the forecasting algorithms, LTT made sure that the algorithms are self-learning.
The algorithms adjust themselves continuously in order to obtain te best fit per item, per store.
Due to this approach, there is no statistical knowledge required at headquarters.
Entire assortment
SCS provides an order advice for the entire assortment. Promotions, fresh produce, and fresh bread are all supported by SCS.
In order to achieve control of the flow of goods in the value chain, the entire assortment needs to be supported and managed.
User friendly
Retailers have a high employee turnover and dissimilarity in education.
Since stock control is complex, SCS takes the user by the hand by means of tasks and instructions. Amongst others stock taking and managing expiration dates.
The user works in principal from one screen, in case of an exception there is more functionality available.
Conformation of this user friendliness is that one can start with SCS without any training beforehand.
Information
For every store, SCS registers the changes of every single item. Stock level, but also sales forecast, corrections, order advices, orders, etc. are all being registered and monitored.
Because of this SCS is a reliable source with a wealth of information. It is this SCS information that is used to optimize the entire value chain.
Because of the simplicity of SCS, and the proven tools and procedures, it is possible that retailers do the roll-out themselves.
Due to the saving on external implementation costs, the pay-back period is shortened considerably.
Implementation
Because of the simplicity of SCS, and the proven tools and procedures, it is possible that retailers do the roll-out themselves.
Due to the saving on external implementation costs, the pay-back period is shortened considerably.
