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Avoid Inventory Imbalances by Leveraging Retail Predictive Analytics

Retalon

The result of unreliable projections are inventory imbalances: mistakes in planning, purchasing, and inventory management, resulting in inventory levels that don’t match actual demand. Each year, inventory imbalances cost retailers an estimated $1.1 trillion annually. Key Takeaways.

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Avoid Inventory Imbalances by Leveraging Retail Predictive Analytics

Retalon

The result of unreliable projections are inventory imbalances: mistakes in planning, purchasing, and inventory management, resulting in inventory levels that don’t match actual demand. Each year, inventory imbalances cost retailers an estimated $1.1 trillion annually. Key Takeaways.

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The Solution for Smart Fulfillment and Omni Channel Retailing

Retalon

This means that a store must not only carry enough inventory to satisfy forecasted demand, but also additional stock to satisfy any online or mobile orders that will be fulfilled though their location. The only way to achieve this feat is to accomplish all of this proactively. How do you build a smart fulfillment strategy?

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The Solution for Smart Fulfillment and Omni Channel Retailing

Retalon

This means that a store must not only carry enough inventory to satisfy forecasted demand, but also additional stock to satisfy any online or mobile orders that will be fulfilled though their location. The only way to achieve this feat is to accomplish all of this proactively. How do you build a smart fulfillment strategy? 1] [link].

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Podcast: Leveraging Analytics For Omni-Channel Success

Retalon

One of them is they try to manage inventory inside, sometimes they use a term, turning all my stores into one large distribution center rather than buying or catching a next purchase order from the vendor. Another thing that retailers are trying to do today is to monitor inventory in different locations.