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Home  Point Solutions Pre-pack Optimization
Pre-pack Optimization
Fierce competition in today’s global markets, the introduction of products with shorter and shorter life cycles and the heightened expectations of customers have forced business enterprises to quickly respond to customer needs without an increase in costs. This has necessitated the streamlining of business processes by cutting down unwanted activities that add to cost and lead time across supply chain. Business enterprises are using more and more of information technology tools to optimize their supply chain. One such tool is Pre-pack optimization which takes a system wide perspective in identifying and reducing cost and thereby enhancing the supply chain profitability.
Pre-pack optimization helps in deciding the items that go into a standard pre-pack, so that packing can be proactively done at the supplier end in anticipation of demand or at the distribution center during the idle time thereby saving costs and enhancing labor utilization. The tool helps in deciding an optimal set of SKUs that form a Pre-pack and the quantities of each SKU. Further, it also devises an optimal distribution plan.
Some benefits of pre-pack optimization are,
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Pre-pack optimization takes optimization beyond the retail enterprise to improve efficiencies of its vendors and the retailer’s stores |
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Retail planners and replenishment analysts can rely on an automated and sophisticated solution to determine pre-pack configurations |
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Boost the ability to get the right sizes to each store while decreasing the amount of excess, fringe-sized assortment |
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Improved return on assets |
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Reduction in working capital costs |
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Growth in company bottom lines |
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