A5 GROUP
Pharmaceutical products retail chain with about 1,000 sales points. The product-mix is about 5,000 SKU, 30+ suppliers, lead time from 1 to 15 days. Annual revenue was about $50MM
Project highlights
Situation
A5 contacted Inventor Soft to assess the existing retail chain's inventory management system. The network service level was below 90%, and the A5 felt that over-stocks were half of the total stock. Ten different-format retail outlets were selected for the analysis
Solution
As part of the project, the following work was done:
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Analysis of freight traffic on a pilot sample of pharmacies and determining efficiency reserves in the inventory management system
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Efficiency reserves report prepared
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Products that require inventory at points of sale have been identified: no sales for goods that available at a sale point
Results
A lot of latent possibilities unveiled as a result of pilot project:
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Gross profit raised by 40%
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Sales up by 10%
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Inventory level decreased by 50%
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Service level increased by 9%
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Working capital decreased by 3%
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Replenishment frequency decreased by 25%