Retail Supply Chain Consulting Focus Areas
Improve your supply chain capabilities from demand forecasting through fulfillment to the end consumer with Parker Avery’s retail supply chain consulting services. We guide you through designing uniform, best-practice processes utilizing modern systems to streamline logistics, achieve greater efficiencies, and reduce costs. Our hands-on experience evaluating and implementing solutions from Blue Yonder, Logility, Manhattan Associates, IBM, Oracle, SAP, and other leading providers gives us deep insight into leading practices and solutions for our clients.
Demand Forecasting
An accurate prediction of demand is fundamental to optimal supply chain performance. Leading retailers use demand forecasting systems that incorporate seasonality, promotions, pricing impacts, and product attributes to enhance forecast accuracy. Further, the use of an AI-driven single demand signal vastly improves forecast accuracy across your enterprise, while minimizing exceptions and optimizing sales. We guide you through demand forecasting system selections and solution implementations, as well as design the business processes and organizational roles to most effectively adopt new forecasting tools and skills.
For a highly tailored, cost-effective approach, Parker Avery’s innovative advanced analytics-driven demand forecasting platform addresses your unique environment and ability to adopt new forecasting capabilities.
Inventory Optimization
Achieve the right balance between having enough inventory to meet customer demand, while minimizing the associated carrying costs, warehousing expenses, and capital tied up in inventory. Through process, system, and organizational change work, we help you incorporate innovations and leading practices across demand forecasting, economic order quantity (EOQ), safety stock, inventory visibility, positioning, and product classification. Effective implementation of better supply chain processes and tools to support inventory optimization leads to improved customer service, reduced waste, and increased profitability.
Allocation and Replenishment
Leading retailers improve their allocation and replenishment capabilities by leveraging data-driven insights and implementing advanced demand forecasting tools. By integrating AI and machine learning to predict trends and customer preferences, retailers and brands can ensure the right products are in the right locations at the right time, reducing stockouts and excess inventory. Additionally, adopting real-time inventory visibility and automating replenishment processes helps to enhance responsiveness and efficiency. Parker Avery guides you through identifying and executing the specific initiatives you need to drive better allocation and replenishment outcomes. Whether that means implementing new systems, better leveraging your existing technology through business process design and configuration changes, or aligning roles to improve collaboration, our goal is to optimize your business results.
