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In one of my previous blogs, I explained that the biggest dilemma of retail inventory management is ‘to ship or not to ship’. Too much inventory leads to markdowns and unnecessary employment of capital and too little leads to lost sales and erosion of market share. Since then, I have received several questions about how
The goal of any inventory management process is to increase the output of a system while keeping investment and operating expenses under control. In a factory, this translates into increasing production while reducing work in progress. For retailers, it means increasing sales while controlling merchandise on hand. Here is the dilemma: in order to increase sales, you need enough inventory to beat the
To ship or not to ship, that is the question. Should you drive inventory levels down to increase shareholder value with great ROI but run the risk of being out of stock? Or, do you stack inventory high with hopes of selling more but risk having to mark it down at the end of the
Brick and mortar shops will always be able to satisfy our senses better than web-shops. Add platform technology for inventory management and you will have a sustainable competitive advantage over e-commerce. In the Netherlands, when we celebrate our birthdays, we serve a birthday cake. We usually buy a cake that everybody will like. Or we
We are pleased to announce the launch of Goods on Tap, our inventory management App for retail operations. The App complements our distribution management services (DMS). It will be available for download from the App store soon. Retailers (and store managers too) will use the App to:– have continuous insight into store & category performance–