Clothing retailer Fat Face has upgraded its supply chain functionality in order to ensure it benefits from increased efficiency during the current recession.
A vnunet.com article regarding the supply chain upgrade explained that the benefits of improving the retailer's supply chain include an increase in full-price sales and a higher margin.
Speaking about the success of the recent changes made to the supply chain Simon Shutt, merchandise manager at the company said: "The new functionality contained within this upgraded version has significantly improved our grading, allocation and replenishment processes, to the extent that the time spent setting up both gradings and allocations has been halved.
"The return on investment has begun immediately - using the new functionality, we have been able to free up resources for value-adding tasks, improving our stock allocation accuracy and ensuring that the correct lines and levels of stock are in the right places."
Taking risks such as the choice to invest in new processes is likely to be unpopular among many businesses at present but could lead to higher returns, as Mr Shutt suggested, and could increase a company's market share while others are treading water.
For small or medium companies, a third-party supply chain management company could help create more efficiencies and significant savings during the ongoing downturn.
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