Alamode: Demand forecasting for new launches
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:
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!"
