Benefits
- Prevent costly stock-outs, overstock and product repositioning
- Improve the profitability of programs
- Increase value delivered to franchisees
- Improve communication and collaboration across the organization and with trading partners
Taming Trade Spend
Technomic Webinar, Feb. 26, 2008
Instill Inventory Management
Improve Profitability of Limited Time Offers and Promotions
For casual dining chains and quick serve restaurants, promotional programs are important tools in acquiring new customers, increasing profit margins and boosting franchise equity. At the same time, they come with significant risks. If you undertake a promotion without timely visibility into product movement and inventory levels in the supply chain, you're at much greater risk of costly stock-outs, overstocks or last minute product repositioning that can negatively impact all parties involvedyou the operator, your franchisees, manufacturer and distributor partners, and most importantly, the customer.
Collecting, compiling, and monitoring product inventory levels in the distribution channel is, at best, a time-consuming, error-prone process that leaves you with more questions than answers. Even when distributors attempt to provide this data, they report using their own product numbers and descriptions in different time periods and in different formats. As such, operators are forced to spend countless hours chasing down missing reports and mapping distributors' nomenclature to their own before even starting to analyze the information. By the time an inventory-related problem is identified, it's too late to do anything about it. Instill Inventory Management dramatically lowers these risks by ensuring collaboration and information sharing of actionable information with your supply chain partners, thereby allowing you to optimize inventory and pinpoint potential problems before they arise.
Instill Inventory Management
Instill Inventory Management is a hosted, web-based solution that provides operators with the ability to monitor daily inventory levels of promotional products across their entire distribution network. This actionable information is incorporated into powerful tools that allow you to establish thresholds, alerts, and automatic notifications when potential problems arise. This information can also be shared with distributors and manufacturers, ensuring all trading partners are taking the necessary actions to eliminate costly stock-outs and overstocks, and allowing you to maximize the value created from your promotions and limited time offers. With Instill, operators and their trading partners are far better equipped to realize the full profitability of limited time offers and promotions, keep administrative costs low and the customer experience as positive as possible.
