What constrains your growth?
Onebeat’s methodology is based on the works of the world-renowned physicist and management specialist Dr. Eliyahu Goldratt. Dr. Goldratt created the Theory of Constraints (TOC) methodology used by thousands of companies and published in his best-seller book: “The Goal.” Onebeat uses TOC to help retailers identify the biggest constraint in their operation and align their process to get the most out of it. By using Onebeat, retailers can read actual consumption data and align their inventories and merchandise in stores to ensure they have the right product to sell. This ensures that retailers get the most out of their merchandise and do not waste their constraint, ultimately improving their bottom line.
From the book about Amazon…
“The Goal encourages companies to identify the biggest constraints in their operations and then structure their organizations to get the most out of those constraints. The Goal was a bible for Jeff Wilke and the team that fixed Amazon’s fulfillment network.”
The essence of TOC is to focus on and exploit key constraints of the business. It enables managers to get much more from current and future resources.
Goldratt Approach
How to increase profitability from the existing supply chain?
How to increase traffic to the stores as well as conversion to sales, without compromising margins?
How to sell more with less inventory and find the right amount of choice for the customer?
Goldratt’s business approach is to grow throughput much faster than operating expenses. Such a system enables healthy scalability with good profitability. Onebeat’s SaaS product applies the Goldratt approach to retail. It allows management to focus on the main constraints dictating the capability to get more out of current resources. This is done by aligning the flow of merchandise through the system to maximize sales and margins. Onebeat’s product reduces the dependency on long-term forecasting and maximizes the agility of the operating system to react quickly to actual demand signals.
Onebeat product embeds the Goldratt approach incorporating:
Fast mover SKU supply replenishment.
Dynamic merchandise range management.
Slow mover timely liquidation process.
New product introduction process in line with slow movers outflow.
In-store sales process to maximize sales and margin.
