India Retail News

In today's tough economic conditions, grocers of all sizes face an inventory management version of Catch-22. They must have the right inventory in the coolers at the right time in order to maximize their sales; yet they can't afford to tie up their cash in inventory that could sit in the walk-in freezers or warehouses for weeks or months. As grocers cut spending across all levels of the business, a bloated supply chain is usually the top target. And that's where a Vendor Managed Inventory (VMI) approach helps. VMI and consignment inventory capabilities enable grocers to free up funds by deferring the cost of inventory ownership further back into the supply chain until the transaction of filling a replenishment order at the store actually takes place.