Replenishment
In this article
The Replenishment module is fully integrated with LS Central and covers functionality for the planning, purchase, store supply, and supply chain teams. Utilizing the Replenishment module simplifies item distribution and planning, lowers item stock cost, and provides a higher level of item availability in warehouses and stores.
The module consists of the following features:
Planning and Budgets
- Sales Budgets to plan on multiple dimensions (quantity, sales amount, cost amount, …), on different time periods and aggregation levels. It is possible to calculate budgets from historical periods or seasons with modifiers.
- Purchase Budgets to plan on multiple dimensions (quantity, sales amount, cost amount, …), on different time periods and aggregation levels.
- Integration to G/L Budgets.
Assortment Management
The functionality covers features to build assortments in a hierarchical way, with a top-down approach and inheritance. It supports a grading concept and handling for regional assortment exceptions.
Demand Forecasting
Various methods to calculate future demand on item and store level are supported. Sales History Adjustment allows correction of a biased sales history and simulation of a sales history for new items and stores. Planned Demand Events are used to plan the changes of demand quantity for future discounts, promotions, or ad-hoc events. It is possible to integrate to 3rd party forecasting engines via provided APIs and web services.
Automatic Replenishment
Automatic replenishment calculates reorder quantities for stores and/or warehouses based on business rules, package sizes, current stock, and demand situation, and also considers future demand changes due to promotions or events. It is possible to calculate bill of materials and recipes in a two-step approach to order or transfer components based on the BOM’s demand. The calculation can be fully automated and the calculation interval can vary based on vendors, locations, item groups, and calendar weeks.
Allocation Plans
The Allocation Plan is a powerful tool to prepare a season, preplan purchasing and how to distribute retail items. It supports the buyer in planning the buying process, allocating to stores and customers, and planning buffer quantity for the warehouse. Allocation Plan can then create Purchase, Transfer, and Sales Orders according to the plan.
Manual Replenishment
Includes various features to push stock from the warehouses to the stores and also to recall stock from the stores to the warehouse or other locations, like outlet centers.
Store Stock Redistribution
Store Stock Redistribution helps to reduce markdowns and increase sales. The feature calculates the actual stock and demand for seasonal items, and proposes Transfer Orders to balance the stock across the store network to maximize sales - considering transportation cost, distance, and transportation time.
Capacity and Coverage Management
These features track the current store capacity utilization, the current coverage range in the individual stores, and assist in taking actions to restock the stores, if needed.
More features:
- Cross Docking
- Item Import
- Out of Stock tracking
- Multi-Company Replenishment
Allows replenishment across multiple legal entities and considers demand from sales companies in the main supply chain company. - Vendor Performance Measurement
Includes vendor performance discrepancy reports with detail logging to show ordered, delivered, and then invoiced quantity and prices. - Buyer’s Workbench
Includes an effective workbench for buyers to get a good overview of all relevant information and documents within their domain.
See also