Marks and Spencer Group (M&S) has chosen Quantum Retail’s Q software to manage the end-to-end inventory forecasting, replenishment and order planning needs for its food division.
The Q system meets inventory management challenges by considering constraints such as availability, shelf life and wastage. It is able to forecast and make inventory decisions in real-time while considering both inter-day and intra-day stocking.
Importantly, the system forecasts demand at an individual item/SKU level for every store, rather than using averages across a range of similar stores. Buying decisions are made based on current stock levels, as well as considerations such as daily selling patterns, product life cycle, seasonality, projected waste, target service levels and inventory availability.
