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Ircmf 2009 Sri Lanka

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Ircmf 2009 Sri Lanka

  1. 1. Managing Retail Supply Chain by Effective Replenishment System with Forecasting Capability Supervised by: Mrs. Gayathri Ranasinghe REPSFORSYS Author: Chinthaka C. Palliyahguru University of Westminster – UK Informatics Institute of Technology REPSFORSYS REPSFORSYS REPSFORSYS REPSFORSYS
  2. 2. Presentation Outline
  3. 4. Business Case – Introduction / Scope
  4. 5. Business Case – Problem Domain Did you know ? Findings of the Industry Survey Rs. 22,000
  5. 6. Business Case – Problem Domain Cont Findings of the Industry Survey Business Need to Address Both Issues
  6. 7. 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
  7. 8. Business Case – Objectives
  8. 10. Analysis– Current System
  9. 11. Analysis– Proposed Process
  10. 12. 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
  11. 13. Design– Tools Used
  12. 15. Implementation– Key Points
  13. 16. Evaluation Proposed System has implemented in the one of the local small super market chain
  14. 17. Evaluation - Reported benefits <ul><li>Higher availability on the shelves, </li></ul><ul><li>Higher turnover, </li></ul><ul><li>Time savings due to automatic ordering, </li></ul><ul><li>Lower stock levels in the stores, </li></ul><ul><li>Smaller stores require lower delivery frequency, </li></ul><ul><li>More stable demand at the distribution centers, and </li></ul><ul><li>Inventory and cost transparency along the retailer's supply chain </li></ul>
  15. 18. Conclusion – Key Points <ul><li>Addressed the 2 key issues </li></ul><ul><li>In-accurate sales forecasting </li></ul><ul><li>In-efficiency </li></ul><ul><li>EPOS data is being used for the sales forecasting </li></ul><ul><li>Save considerable amount of man hours </li></ul><ul><li>Logistics and operations management research examines the performance of automatic replenishment programmes </li></ul>
  16. 19. Conclusion – Key Points Contribution to the Society Contribution to the Business 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
  17. 20. Further Research Fields
  18. 21. THANK YOU ! REPSF ORSYS Chinthaka C. Palliyahguru E-mail: [email_address] Mobile: (+94) 77 2907 488 Blog: http://www.chintho.com

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