Merchandise Forecasting, Replenishment and Allocation Instructor Led Course

Provides an in-depth analysis of forecasting, allocation and replenishment strategies.

Class Objectives

• Explain a variety of allocation and replenishment strategies and the circumstances to which they are most suited
• Show how to use sales forecasting methods to maximize the effectiveness of the replenishment process
• Demonstrate how to implement control systems to avoid unnecessary over and understocking

Target Audience

• Merchandise managers and their teams
• Allocators
• Distributors
• Retail executives wishing to evaluate the scope for improvement in their current procedures.
• IT personnel involved in designing computer systems for allocation and replenishment.

Class Contents

• Forecasting Replenishment and Allocation overview
  • Forecasting, replenishment and allocation processes
     
• Pre-requisites for success
  • History
  • Clean data / data cleansing
  • Perpetual inventory
  • Pack size optimization
  • Use of EDI / AS2
  • Promotion history
  • Knowledge of stock in the supply chain
  • Purchase order management system
     
• Forecasting
  • Demand vs sales
  • Forecasting methods
  • Identifying exceptional spikes and smoothing factors
  • Statistical performance measures
  • Merchandise types and forecasting
     
• Replenishment
  • Replenishment strategies
  • Integration of store and DC
  • Replenishment calculations
  • Push vs pull methods
  • Seasonal items
  • Min / max / SOGO / model stock
  • EOQ models
  • Replenishment of central stock, Vendor Managed Inventory, Vendor to DC to Store and VRMS
     
    
• Allocation
  • Merchandise ABC analysis and ranking
  • Pre allocation
  • Post allocation
  • Style vs collection
  • Allocation algorithms
  • Initial injections
  • Allocation methods
     
    
• Integration
  • Benefits and how to ensure the processes work together

For more information please contact us at info@deeterwerks.com