Focus: Walmart Bets on Inventory Software Ahead of Tough Holiday Shopping Season
September 18, 2023
Walmart is utilizing a machine-learning algorithm, which incorporates weather patterns and historical sales data, to predict the inventory needs of its 4,700 U.S. locations in preparation for the upcoming holiday shopping season. This software, developed in 2019, reflects innovative approaches retailers are taking to streamline inventory management. After grappling with excess stock last year, Walmart’s implementation of algorithms and robotics, along with inventory adjustments, has put them in a more favorable position, according to CEO Doug McMillon.
Recent News
Peloton CEO Steps Down and Layoffs Begin
Peloton, the popular fitness technology company, has announced significant changes in its leadership and organizational structure.
California Restaurants Must Start Eliminating Special Surcharges
Starting July 1, California is changing the game for restaurant bills.
T-Mobile Now Owns Ryan Reynolds-Backed Mint Mobile
The deal is worth upwards of $1.35 billion.
Chipotle Is Giving Away Over $1 Million in Burritos to Healthcare Workers
In acknowledgment of the tireless contributions of healthcare workers, Chipotle Mexican Grill has announced a notable gesture of appreciation: the distribution of 100,000 free burrito e-cards.