LEAFIO Inventory Optimization

Fresh products management

Fresh inventory algorithm

Strike a balance between availability and lack of write-offs.
The LEAFIO Fresh inventory solution takes into account high variability, irregular demand throughout the week, expiration dates, and supplier delivery slots throughout the day. You can make your inventory management and margins of different categories of fresh goods in a “lean” and accurate way. 

LEAFIO Fresh inventory management: How it works

We have developed an algorithm that takes into account all these specifics and has been tested by dozens of retailers who successfully achieve the goals of fresh categories in their companies. 

image - LEAFIO Fresh inventory management: How it works
  • Remaining shelf life

    Taking into account the remaining shelf life – the actual shelf life of the product after it hits the store shelf

  • LIFO batch accounting

    The most accurate calculation of the order, due to implemented simplified analogue of batch accounting by LIFO

  • Across the week demand coefficient 

    Taking into account fluctuations in demand by day of the week, which is critical for products in this category due to frequent deliveries and limited shelf life.

  • Delivery slots

    Taking into account the goods delivery slots (the range of time for delivery of goods during the day), which makes it possible for you to make a more precise forecast.

  • Level of needed availability

    You can set the acceptable level of availability for each product in order to avoid write-offs. This makes it possible for you to balance the inventory through avoiding write-offs and maintaining availability.

  • Other factors

    Taking into account all the basic factors: demand forecast, lead time, packaging ratio, supplier restrictions, demand variability, reserve inventory and the necessary display.

Customers note a decrease in write-offs, improved availability and a sharp increase in the transparency of managing inventory in this category.

LEAFIO Fresh Products Management advantages

10
%
surplus inventory reduction
10
%
improved product availability
15
%
write-off reduction

LEAFIO FRESH INVENTORY MANAGEMENT BENEFITS:

  • icon-Fresh goods inventory management automation icon-hover-Fresh goods inventory management automation
    Fresh goods inventory management automation
    Fresh inventory management requires taking into account many parameters, which LEAFIO Inventory Optimization makes possible. Optimizing the structure of inventory at each outlet and warehouse allows you to improve the company’s KPIs - turnover, surplus, lost sales, and write-offs.
  • icon-Taking into account everything you need to balance margins and write-offs icon-hover-Taking into account everything you need to balance margins and write-offs
    Taking into account everything you need to balance margins and write-offs
    Taking into account both standard and specific factors for managing different categories of Fresh goods: demand fluctuations throughout the week, remaining shelf life, LIFO accounting, and target service level.
  • icon-Monitoring the Fresh category performance icon-hover-Monitoring the Fresh category performance
    Monitoring the Fresh category performance
    Gives you an opportunity to identify specific bottlenecks in the process of managing the Fresh category. For example, when it is necessary to analyze a product whose packing unit is sold in fewer days than its expiration date.
  • icon-Flexible solution customization <br>for specific business processes icon-hover-Flexible solution customization <br>for specific business processes
    Flexible solution customization
    for specific business processes
    The solution benefits the business by taking into account the specifics and differences of the point of sale and business processes. The implementation of LEAFIO Inventory Optimization begins with the analysis of specific business processes and setting up the system for the client's needs.

INVENTORY OPTIMIZATION SOLUTION TRUSTED BY RETAILERS THE WORLD OVER

Suitable for all retail verticals: supermarkets, pharmacies, DIY, health & beauty, convenience, liquor, toy and pet stores.

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The objectives of the solution implementation project were: increase inventory turnover and improve the SKU service level at our locations. I'm proud to say that all goals have been reached as we have achieved a significant decrease of overstock levels and an increase of product availability on the shelves. The customers can now see the improvements - all products introduced to the stores are available for purchase.
The LEAFIO team has a deep understanding of all inventory management processes, clear methodology, high-quality software, and very respectful consulting and technical support, both during the implementation and during the period after its completion. Don`t be afraid to use LEAFIO. Everything will work out. Please realize that each of your employees will work more efficiently, staying in their comfort zone. They will finally realize that this is an automation of the process and that it will be beneficial not only for them but also for the company as a whole. I would like to encourage future clients to be sure - LEAFIO team`ll help with inventory optimization and process automation. Have faith in yourself, have faith in LEAFIO.
During the year, we opened 23 new stores that were connected to the LEAFIO system. When we switched to centralized ordering, our surplus was decreased. We reduced the amount of time we spent on managing inventory in stores. The program does not work on forecasting but is based on demand. Because of this, we are managing inventory and product availability incredibly well, which is very important to the customer

Check up the LEAFIO Inventory Optimization demo

Increase the turnover and profitability of your retail!

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LEAFIO AI RETAIL PLATFORM:

  • Automatic Replenishment

    A comprehensive feature that includes automatic calculation of quantity requirements per order, automatic generation of orders, automatic dispatch of orders, automatic editing of submitted orders based on feedback from the supplier, and control of order execution.

  • Multi echelon replenishment and allocation

    Highly accurate forecast, regarding safety stocks when managing stocks in regional and central warehouses. The forecast of demand at the DC level and all parts of the supply chain, as well as various business processes are taken into account: true cross docking, pick by line, pick by zero and an alternative storage option.

  • Insightful Dashboard

    Dashboard was creatively designed for a new level of managers`s engagement to the inventory optimization process. Visual and transparent than ever. You can focus on the essentials, understand the problems without a deep analysis; it tells you where to look to make managerial decisions.

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