Set up for Business Success
In 2019, L.L. Bean implemented a method called ‘slow mover logic,’ which places more reliance on prescribed safety stock instead of imprecise forecast on the lowest level, addressing the majority of SKUs.
This method helped the company immensely when the pandemic hit because it allowed L.L. Bean to utilize inventory for direct sales when stores were temporarily closed. Once stores reopened, the company harnessed the power of dynamic allocation based on historical need variables of prior week sales for deployment calculations.
L.L. Bean was also able to prioritize orders based on store tiers, product profile and product exposure, which was also made possible by retail levers also implemented with the help of Blue Yonder in 2019.