How retailers optimize inventory management with Openbravo

© 2017 Openbravo Inc. All Rights Reserved. Privileged and Confidential Information .

How Retailers Optimize Inventory Management

with Openbravo


Today’s Presenters

Maarten Tromp

Director of Product Management at Openbravo

Vanessa Hodgkinson

(Host) Openbravo


Today’s presentation will be available for download at: www.openbravo.com/retailers/resources/webinars

For additional resources on our retail solutions, please visit: www.openbravo.com/retailers/resources/

Have a question? Click on the Question tab. Q&A will be at the end of today’s presentation.

Submit additional questions or comments on Twitter. Hashtag: #openbravo

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Index3 Inventory Problems in Retail?

Compelling Inventory & SupplyChain Management capabilities

Will help Retailers to optimize their business!

Inventory

near

Expiry Date

Excess

Inventory

Stock-Outs


Index3 Warehouse Challenges in Retail?

Inefficient

or Idle Staff

Inaccurate

Records Space

Problems Learning

Curve

Messy

Warehouse




Index3 Sales & Marketing Perspective: Omnichannel




Index3 Finance Perspective: Working Capital Optimization

• Working Capital

= Current Assets - Current Liabilities

= (Inventory + Receivables) – Payables

• Working Capital Ratio

= Current Assets / Current Liabilities

• Working Capital Cycle

= Time to convert Assets into Cash

= Cash Conversion Cycle

= Days Working Capital


Index3 Operations Perspective: Operational Excellence

Full Suite Advanced Inventory & Supply Chain Management capabilities


Advanced Warehouse Operations

Advanced Forecasting and Inventory Planning

Push and Pull models

Inventory Status

Alternative UoM

Referenced Inventory

Inventory Planning Internal Execution External Execution


Index3 Advanced Forecasting & Inventory Planning

• Adaptive Forecast algorithms

• Intelligent Inventory Planning

• Dynamic Sourcing & Replenishment


Openbravo


Index3 Push-model vs Pull-model

• Central determination of Distribution

• Fair-Share


Openbravo


Index3 Distribution Orders

• Distribution Centre to Store & vice-versa

• Store-to-Store Inventory Balancing

• Planning, Documenting & Execution


Openbravo


Index3 Vehicle & Transport Management

• Routes – ‘milk-runs’, Templates

• Vehicles – Capacity, Status

• Drivers – License, Availability


Openbravo


Index3 Key Concepts: Advanced Warehousing with Openbravo

Intelligence for Stock optimization

• Adaptive algorithms for Picking and Put-away

• Inspection and X-Docking

• Self-Replenishing, Self-Organizing, Self-Auditing

Intelligence for Space optimization • Space Algorithms • Storage Bin Groups • Chaotic/Dynamic bins

• Popularity Codes • Bin Capacity

Intelligence for Staff optimization • Internal Routings • Travel Sequence • Dynamic Priorities

• Optimized User interface • Offline capabilities

Operational Excellence drives Working Capital Optimization and enables OmniChannel



Index3

RECEIVING

SHIPPING

INSPECTION / RMA / RTS … SCRAP / REWORK / …

PACKING PRODUCTION

STORAGE

Weight Isolate

Climate Value

PUT-AWAY

PICK PICK

REJECT

PACK

PHYSICAL

INVENTORY

RECEIPTS

ISSUES

APPROVE

RECEIPTS

REJECT X

-DO

CK

ING

Openbravo Value Proposition:

From the Potential Complexity of a Retail DC…

ISSU

ES


Index3

Presented in Sequence of

Task Priority

Presented in Sequence of

Travel

Sequence

…to the Simplicity of an Intuitive and Offline-Resistant UI


Index3 Simple and Effective Mobile Front-end

Common

hardware,

Web-browser

based and

Responsive

Design


Deviation to Quality Inspection

Deviation to Cross-Docking

Wave-picking

Self-Organizing warehouse

Self-Auditing warehouse

Self-Replenishing warehouse

Goods Receipts and Put-Away; 1- or 2-

phased Receipts

Goods Movements

Picking/Packing/Shipping

Physical “Wall-to-Wall” Inventory

counts and “OTF” partial Cycle Counts

Index3 Mobile Inventory Procedures

Basic

Procedures

Advanced

Procedures


Index3 Addressing the Issues of Stock

Compelling Advanced Warehouse Operations capabilities


• Near Expiry Date

• Stock-Outs

• Overstock

Dynamic selection of proper inventory-search algorithms,

conditioned by type of product, quantity, unit of measure and 3rd party

Self-Replenishing feature alerts operators ahead of time on

products to be replenished

Run-time Bin Capacity calculations will assign only the

proper quantity to each bin

Openbravo


Index3 Addressing the Issues of Staff

• Inefficient or Idle staff

• Learning Curve

• Inaccurate Records

Front-end execution and Back-End control; Travel

Sequence; Batched Wave picking; Blind-receipts, Delta-Management

Intuitive UI, Concise Instructions, Priority Driven and Offline-

Resistant technology

Single database without sync/async interfacing, OTF Cycle

Counts, Self-Auditing Warehouse

Openbravo




Index3 Addressing the Issues of Space

• Space problems

• Messy warehouse

Concise instructions, proposed to the operator

Put-away algorithms to merge, by lot or expiry date, Storage

bin groups with sequenced preferences, bin-capacity and

pending tasks awareness

Self-organizing warehouse feature, Prepared for automated

or robotized warehousing



Openbravo


Index3 Summarizing:

Optimizing Inventory Management with Openbravo

Challenge

→Inventory Optimization

→Space Optimization

→Staff Optimization

Openbravo Solution

→Advanced Forecasting & Planning

→Dynamic Sourcing, X-Docking, Inspection, Intelligence for Picking, Put-Away, Self-Replenishment

→Bin Capacity optimization, Merge, Pop-

Codes, Storage Groups, Self-Organizing featue

→Travel Sequence, Consice & Intuitive UI, Learning curve, Self-Auditing, Batched

Wave Picking,

→Offline operations, Single Database – no interfaces

Operational Excellence drives Working Capital Optimization and enables OmniChannel


Want to know more? Join us!

June 22nd:

“Introduction and Demo to Advanced Warehouse

Operations with Openbravo”

Book your place!

More information at www.openbravo.com


Thank you

Web: www.openbravo.com/retailers/contact

Email: [email protected]

Spain Office: +34 932 725 947

India Office: +91 33 4004 7358

Mexico Office: +52 559171 1841

Thank you very

much for your

attention