About this Presentation
LRRL (Liberty Retail Revolutions Ltd) is one of the largest Indian owned retail chains in the footwear (only) segment. It started with the implementation of the retail strategy and tactic (S&T) tree in April 2010 to achieve a Viable Vision (VV) of increasing sales 3 times in 4 years while achieving a profitability of 10% profit before tax (PBT) from the current situation of negative profit. The key implementation steps include: central planning for all 5 plants; central sales for all 5 plants; established a central warehouse (aggregation point), to which all plants supply (They do not supply to customers directly now); plants transformed from make to stock (MTS) to make to availability (MTA); all raw materials (RM) and components on buffer management; implemented replenishment with suppliers; the shops send weekly orders to the central warehouse (CWH); replenishment weekly from the earlier monthly ordering and dispatch; order generation and dispatch as per ‘cut size’ and not ‘size rolls’; new introductions as winter and summer; new introductions of smaller range 8 times a year; size roll- a pack size containing all sizes of shoes; and cut size is SKU at size level.
What Will You Learn
To help you get the most value from this session, we’ve highlighted a few key points. These takeaways capture the main ideas and practical insights from the presentation, making it easier for you to review, reflect, and apply what you’ve learned.
Instructor(s)
