ircmf 2009 sri lanka
TRANSCRIPT
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
REPSFORSYSREPSFORSYSREPSFORSYSREPSFORSYS
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
REPSFORSYS
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 !
REPSFORSYS
Chinthaka C. PalliyahguruE-mail: [email protected]
Mobile: (+94) 77 2907 488
Blog: http://www.chintho.com