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Why Data Will Drive the Future of Inventory Management

Retail TouchPoints

They can then proactively deal with inbound disruptions, measure inventory turnover velocity and cut back on overstocking. Guarding Against Supply Chain Disruption. If data is gathered, categorized and structured properly, it becomes easier to forecast potential issues with supply chains.

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Survival guide: The keys to resilience and success in tough times

Inside Retail

Set benchmarks for inventory management, including the rate of inventory turnover and tracking and fill rate. Continue to review minimum stock limits and develop contingency plans should supply issues emerge.

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Using Prebuilt Data Models? You Should Be

Retail TouchPoints

Like LEGO sets that get creative builders started with guided instruction, prebuilt data models like those outlined above can help organizations improve their data management and analysis capabilities, promote collaboration across departments and ultimately make better decisions based on data-driven insights at lower cost, time and project risk.

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How to Revolutionize Inventory Management

Independent Retailer

With so many factors impacting fragile, interconnected supply chains, how can retailers use data to react effectively to disruptions? Fifty-four percent of company executives acknowledge that they do not have clear visibility of their supply chain data past tier 1. Adapt or Lose Customers. By then, it is too late.