Toolstation, a UK supplier of tools, accessories, and building supplies, is revamping its inventory management.
With over 25,000 products available online and in over 590 shops nationwide, Toolstation has partnered with Slimstock, a knowledge partner and provider of the supply chain planning platform Slim4, to boost product depth across its multi-channel retail operation.
Laying the foundations
As a brand within the Travis Perkins Group, Toolstation says it continues to invest in its supply chain and suggests that the latest partnership with Slimstock will “lay the foundation for a more efficient and connected supply chain planning operation.”
Jonathan Rendall, Head of Supply Chain at Toolstation, states, “To ensure fast, reliable service in-store and online as our operation scales, we need an integrated and scalable supply chain framework.”
The right tools for the job
Toolstation will adopt Slimstock’s supply chain planning platform, Slim4, to address challenges around forecasting, inventory management, and replenishment.
As part of the transformation project, Slimstock will also support Toolstation in empowering the planning team through up-skilling and enabling improved cross-functional collaboration.
By streamlining processes, improving visibility, and automating planning workflows, Toolstation expects Slimstock will underpin its goals. These are to:
• Improve product availability and deliver good customer experience across every channel
• Improve operational efficiency to accelerate business growth
• Navigate increasing operational complexity
Jonathan continues, “Slimstock will play a pivotal role in unifying our operation, driving efficiency as we better position the business to meet its promise to thousands of customers across the UK.”
Why Slimstock
Following an extensive review of the market, Toolstation selected Slimstock to support its supply chain transformation. Slimstock’s industry experience and implementation process were reportedly decisive factors.
Jonathan concludes, “We needed a partner who could offer not only a proven technology solution but also work with us to create more effective processes.
“The strong chemistry between the Toolstation and Slimstock teams throughout the selection process assured us that Slimstock is the right partner to deliver value to our customers.”
For more from Toolstation, click here.