Given the experience gathered in the logistics field, the IDTotal team has developed a software platform that allows customers to optimize freight inventory at their points of sale. This works by profiling the existing merchandise stock across the customer’s retail network by loading stock data into the dedicated ID.EAL Stock platform, which will determine the optimum load on each store based on sales history and shelf availability, by proposing transfers between stores which will improve on the overall profitability of the company.
Any retailer operating at least 10 outlets with at least 100 distinct codes (SKU or EAN). Based on historical inventory and sales information, ID.EAL Stock will determine the optimum load for each store based on logistic optimization transfers.
Logistics optimization can be accomplished without interrupting activity and without altering the company’s current supply stream. What IDEAL Stock is doing is to determine, based on a data input set, the optimal stock levels for each store by calculating, based on advanced algorithms, a balance between maximizing profitability and product availability in each shop. The customer will receive an access account on the IDEAL Stock platform and, upon prior training, will be able to use this service on a monthly basis, loading stocks and movements, and the system will calculate additional shipments between stores that will optimize the freight stock making possible an overall profitability growth of 5% -10% at the company level.
With the use of this service, retail companies can achieve overall profitability growth of 5-10%, depending on product margins and business specificity. Another benefit will be the overall increase in product availability, a higher level of customer and own staff satisfaction.
Costs are determined by the number of sales points managed by the customer and by the number of SKUs present in the product nomenclature. The system operates on a subscription basis and can be used permanently on a monthly base basis in order to get the best results. Get in touch with our consultants to get a personalized offer.