Slimstock's Maturity Model Analysis

PROCESS

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We often hear about product supersession, product discontinuation at the last moment

We typically hear about supersessions, introductions and discontinuation a few months in advance

We're actively involved in planning product/assortment transitions

We optimize product introductions by working through stocking and introduction strategies preventing obsolete inventory

We actively work with vendors and customers to optimize the whole product introduction and discontinuation phase

Short-term forecast based on averages

Statistical forecast algorithms fit to history

An advanced exception detection management system

AI and ML support exceptional demand detection and improve forecast accuracy

AI and ML, but also bridging gaps with vendors and customers to share sales data.

Basic min/max that gets updated every few months

Inventory requirements/models are based on forecast input

Inventory requirements/models are updated automatically daily or weekly and integrated with forecasts, inventory is managed by exception

Inventory is stocked strategically, multiple layers of network are all optimized

Inventory information is shared and utilized across the entire supply chain

Buying is done according to vendor conditions with no purchase plans available

Buying is executed with the help of purchase plans/forecasts

Buying is driven by EOQs, and large MOQs are analyzed and negotiated, purchasing quantities are optimized

Vendors are actively involved in generating purchasing plans, the sourcing team plays a big role in optimizing purchases

Full visibility of inventory and supply across the entire supply chain