Optimizing Retail Stock Allocation at Worten (with Bruno Saraiva) - Ep 141

Описание: Bruno Saraiva, Head of Stock and Space Management at Worten, joins Joannes and Conor in studio to discuss the challenges of retail stock allocation and Worten's collaboration with Lokad. Bruno also shares his experience in the retail industry and the crucial role of supply chain management in customer satisfaction.

Saraiva shares his experience working with Lokad, noting that the company's approach has helped Worten make better inventory management decisions while still allowing employees the freedom to challenge and question recommendations. He believes that trust and collaboration between teams are crucial for a successful supply chain management strategy.

Saraiva emphasizes the importance of supply chains and inventory management in today's retail industry, as customers have little patience for not finding what they want. He notes that having a successful inventory management system can make a significant difference in attracting and retaining customers, as well as ensuring a competitive edge. Additionally, Saraiva suggests that companies need to focus on data-driven decision-making and embrace technology to stay ahead in the industry.

Vermorel highlights the importance of giving up on certainties in supply chain optimization, as there is a need to discover financial drivers and consider probabilistic forecasts. He explains that this approach requires companies to be open to change and embrace the chaos that comes with supply chain management.

Both Vermorel and Saraiva agree on the importance of incorporating local knowledge and expertise in supply chain management, rather than relying solely on top-down technology solutions. They suggest that technology should be used to support and enhance the insights and knowledge of supply chain professionals, rather than replace them.

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00:00:00 Introduction of Bruno Saraiva - Worten’s Head of Stock and Space Management.
00:01:00 Bruno’s role and responsibilities in managing stock and space at Worten.
00:02:46 The challenges of allocating stock and space in an omnichannel retail environment.
00:04:24 Exploring technological advancements and innovations in the retail industry.
00:08:01 Impact of market complexity on supply chain management.
00:09:22 The importance of a financially-driven perspective in supply chain.
00:11:56 Walmart’s strategy and inventory management for financial success.
00:14:07 Financial imperatives as a means to manage supply chain complexity.
00:16:30 Balancing competing goals and resources in large corporations.
00:18:14 Addressing the need for supply chain reinvention.
00:19:45 Benefits of adopting a personalized approach in retail.
00:21:37 Traditional Cartesian approach versus an iterative problem-solving method.
00:23:51 Importance of embracing uncertainty and acknowledging limitations.
00:26:01 Updating company culture to adapt to new methodologies.
00:29:46 Embracing uncertainty in supply chain management.
00:30:57 The importance of exposure and control in retail.
00:32:53 Probabilistic forecasts and adjusting expectations.
00:36:00 Importance of data and technology in inventory management.
00:37:56 The difference between service level and quality of service.
00:42:18 The attraction of Excel for managing chaos and the need for better technology.
00:44:36 Worten’s core values and working with Lokad.
00:45:50 Building trust between Worten and Lokad.

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