Indian retail chain Shoppers Stop has purchased more licenses of JDA Allocation from JDA Software Group to execute assortment strategies, achieve optimized store-specific size availability, and better sales and customer satisfaction.
In the initial phase in 2013, the JDA solution has assisted Shoppers Stop to standardize merchandise allocation method across the entire supply chain. The new purchase will enable Shoppers Stop to support its growth initiatives.
JDA Allocation solution streamlined the existing replenishment methodology at Shoppers Stop by introducing an intelligent replenishment system, which accurately assessed the ability of a store to sell the products before stocking the inventory levels. It enabled the retailer to efficiently target the optimal mix of products for each store and provided a quicker, more efficient process for creating and executing its allocation plans.
Govind Shrikhande, customer care associate and managing director, Shoppers Stop, said: “After rolling out the software in phase one, we’ve seen a marked improvement in inventory turns, which has contributed significantly to the increase in sales at the chain level. Moreover, sales of specific product categories in smaller stores have gone up significantly.”
Shoppers Stop observed that an even inventory distribution across store locations has reduced instances of over-stocking and inter-store transfers, thereby resulting in greater supply chain efficiencies.
Amit Bagga, regional vice president, Asia Pacific, JDA Software, said: “The solution is a component of store replenishment methodologies, as its takes all the guesswork out of assortment and inventory allocation.”
“With fresher looking merchandise at the store, and increased inventory turns, Shoppers Stop can be ideally positioned to generate more cash and incur lower interest costs for the business, as it seeks to achieve its long-term growth objectives using JDA technology,” Bagga added.
