India Retail News

Transform the Economics of Retailing: Top 5 Reasons to Implement Insight-Driven Inventory Management

Yesterday's inventory planning processes occurred in siloed environments, where inventory decisions made at the store level were not shared with stakeholders upstream in the supply chain and management strategy was about using past performance to predict future sales. Today's more advanced solutions break the barriers across the supply chain and not only leverage past performance to predict future demand, but incorporate the consumer to better predict the right allocations by region, by store and by size, color and SKU