When I first began working in a retail superstore as a teenager, corporate announced an initiative and new process for managing stock.
Having an omni-channel inventory management system that gives an accurate picture of your supply chain, is no longer a ‘nice to have.’ It’s a basic.
There are few challenges in retail tougher than managing groceries; optimizing a broad inventory that includes fresh and short-shelf-life products is not easy.
Working in the field of inventory management and supply chain I guess one gets to be more appreciative, as a customer, when companies get things right and perhaps more disappointed when they don’t.
In February 2016, France became the first country in the world to ban supermarkets from throwing away or destroying unsold food.
Optimizing your replenishment isn’t just about keeping the right items in stock. It’s also about perfecting your buying.
With the rise of e-commerce many traditional retailers have established an online channel to complement their core businesses.
I’m often asked how online retail affects supply chain planning. Although the basic rules are the same, there are indeed a number of differences.
One of the most established assumptions in inventory management is that stock holding needs to rise steeply as you increase availability.
Inventory management has been framed in terms of finding the right trade-off between customer service (shelf availability) and cost (inventory value).
Three tips to achieve the best KPI-measured results through exception-based working.
Just when you think things are under control comes another marketing period and many great ways of messing up wonderful forecast and in stock position.
One of the top supply chain management slogans has been “replace inventory with information”, but there are valid reasons for holding inventory.
In practice zero spoilage is rarely the best goal on perishables inventory management.
Many retail and wholesale businesses experience pressures with their warehouse space, at least before peaks. Manage your space scarcity effectively.