How Alamode is acing growth with right stocking estimations
About Alamode:
Alamode is one of India's leading fast fashion e-commerce brands, boasting over 18,500 active SKUs across 8 categories. Known for its trendy and diverse product offerings, Alamode faced significant challenges in managing its extensive inventory efficiently.
About Alamode:
Alamode is one of India's leading fast fashion e-commerce brands, boasting over 18,500 active SKUs across 8 categories. Known for its trendy and diverse product offerings, Alamode faced significant challenges in managing its extensive inventory efficiently.
The Challenge:
Alamode's rapid growth and expansive product range led to several inventory management challenges:
Tracking Pending Vendor Orders: The use of isolated spreadsheets made it difficult to track pending vendor orders, hampering restocking estimations.
Restocking Newly Launched SKUs: Recently launched SKUs were often missed in restocking due to the unavailability of their in-stock Daily Rate of Return (DRR).
Manual Inventory Analysis: Inventory analysis was a time-consuming manual process, taking up to 3 hours each time.
Lack of Bestseller Stockout Dashboard: There was no dashboard to effectively track stockouts of bestsellers, impacting sales and customer satisfaction.
The Solution: EasyReplenish
To address these challenges, Alamode turned to EasyReplenish. The solution provided several key benefits:
Seamless Vendor Order Tracking: Vendors can now enter dispatch details easily, providing clear visibility of all pending orders.
Automated Inventory Analysis: The time required for inventory analysis was drastically reduced from 3 hours to mere minutes, thanks to automated pre-filled purchase orders with accurate stocking estimates.
In-Stock DRR Calculation: EasyReplenish introduced an accurate in-stock DRR method, enabling Alamode to identify bestsellers quickly and restock them efficiently.
Smart Purchase Planning: Leveraging ABC classification, Alamode could now minimize stockouts and plan working capital more strategically.
Impact: Before vs after EasyReplenish
Aspect | Before EasyReplenish | After EasyReplenish |
---|---|---|
Vendor order tracking | No clarity on pending orders. | Vendors are able to enter dispatch details and all pending orders have clear visibility. |
Rate of sales (DRR) | Taken flat average. | In-stock DRR based on the number of days the SKU was in the inventory. |
Inventory analysis | Manual spreadsheets - 3+ hours each time. | Automated - hardly 10 mins to review every aspect. |
Bestseller focus | No Bestseller stockout dashboard | Leveraging ABC classification in purchase planning. |
Opportunity loss with new launches | Fast movers which stocked out early were missed. | Accurately identified - 'New' category tag + in-stock DRR helps. |
Testimonial
Jayant Sethi, Co-founder of Alamode, shared his experience with EasyReplenish:
"Our decision making on purchase planning is much sharper after using EasyReplenish. Their team understands the apparel business very well!"