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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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How global beauty brands will benefit from JD.com’s latest logistics move

Inside Retail

Additionally, the fashion industry often encounters supply chain challenges such as inventory management and high return rates. With over a decade of experience in fashion logistics and supply chain management, Xue reiterated that JD Logistics is uniquely positioned to assist fashion brands in navigating these challenges.

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Using Prebuilt Data Models? You Should Be

Retail TouchPoints

Merchandising Performance model: This model helps retailers analyze the performance of their products by tracking metrics such as sales, margins and inventory turnover. Supply Chain Management model: This model helps retailers manage their supply chain by tracking inventory levels, logistics and supplier performance.

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How to Revolutionize Inventory Management

Independent Retailer

Retailers need tools that can connect and correlate all inventory data with the impact of external events. Without them, retailers cannot proactively address inbound disruptions, accurately calculate inventory turnover velocity, or reduce discounting and overstocking.