BJ’s Wholesale and Pharmavite established a Collaborative Planning, Forecasting and Replenishment (CPFR) program to address key challenges, including the need to improve in-stocks, increase sales, enhance supply chain visibility, uncover gaps in the distribution process, improve on-time performance, ensure fill rates are maintained at a high level, decrease the percentage of demand forecast errors, and streamline the introduction of new items.
BJ's Wholesale Club first introduced the warehouse-club concept to the northeastern United States in 1984. Today, the company is the number-one membership warehouse club in New England with more than 8.5 million members that shop at 175 Clubs located across 16 U.S. states. BJ's Wholesale is dedicated to providing its members with low prices on a broad selection of high-quality, brand-name merchandise that includes apparel, housewares, small appliances, consumer electronics, fine jewelry, as well as fresh and frozen food products.
With a passion for meeting consumer expectations for availability, as well as the desire to balance high in-stock levels with reduced inventory investment, BJ's Wholesale and one of its leading suppliers, Pharmavite LLC, entered into a collaborative agreement in November 2005. As a leading manufacturer of premium vitamins, minerals, herbs and other dietary supplements, Pharmavite provides BJ's Wholesale with an assortment of more than 50 products.
The partners established a Collaborative Planning, Forecasting and Replenishment (CPFR) program to address key challenges, including the need to improve in-stocks, increase sales, enhance supply chain visibility, uncover gaps in the distribution process, improve on-time performance, ensure fill rates are maintained at a high level, decrease the percentage of demand forecast errors, and streamline the introduction of new items. BJ's Wholesale and Pharmavite turned to JDA Software's Advanced Store Replenishment by E3 and JDA Marketplace Replenishment solutions to support their CPFR program.
Read more at retailsolutionsonline.com