Lloyd Shoe Company, which operates footwear concessions in over a thousand major UK high street stores, now has complete stock visibility and a stronger reporting platform, thanks to K3 Retail’s Microsoft Dynamics NAV solution.
K3 has completely re-designed Lloyd Shoe’s stock management system and dramatically increased visibility across all variables to create a clear and succinct platform for viewing and reporting. Lloyd Shoe no longer has to depend on out of date data in reports as the system is fully automated, allowing concurrent activities to run. This is in contrast to their old system which required duplication of information and made the process of entering information time consuming because all data had to be recorded twice.
Becky Munday, Commercial Director at Lloyd Shoe Company, says, “We chose K3 Retail because we felt they could provide us with a personalised system to suit our business. All the components were tailored to our specific needs and they are flexible in their approach to work. We now have all the information we need at our fingertips with stock visibility having improved enormously.”
Since the solution went live in September 2011, Lloyd Shoe has seen improvements in stock visibility and dramatic savings in time in certain departments. The new solution runs unmanned in contrast to the previous system which saw staff manually updating the system, resulting in low confidence in the data and errors.
Large chunks of reporting is now automated which has taken away the need for manual report creation throughout the night, one of the many major benefits to come from the installation of the new technology for both the staff and the company as a whole.
John Little, Sales Director at K3 Retail, said, “Stock management is Lloyd Shoe’s lifeblood and critical to the service they provide to all their retail customers. We’re proud that we have been able to contribute to something that delivers so much business value, despite the many challenges along the way.”