article thumbnail

Why Data Will Drive the Future of Inventory Management

Retail TouchPoints

Retailers acted with agility, changing the way they planned and managed inventory in a remarkably short time. They can then proactively deal with inbound disruptions, measure inventory turnover velocity and cut back on overstocking. Guarding Against Supply Chain Disruption. years, on average.

article thumbnail

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.

article thumbnail

How to Revolutionize Inventory Management

Independent Retailer

Businesses that employ data-led solutions to streamline supply chain efficiency will reap rewards. Next-generation analytical and planning tools interpret vast volumes of data so that retailers can predict and react to disruptions before they affect inventory levels. Data Shaping the Future of Inventory Management.