Thriving in today’s fierce competitive retail environment has become increasingly complex. Modern-day customers are more demanding than ever before. To meet their high expectations, retailers must overcome numerous inventory management challenges, such as:
- Efficiently planning localized assortments that achieve financial targets
- Accurately forecasting demand and proactively replenishing stock
- Allocating products to the optimal channels and stores
- Incorporating customer preferences and historical data into the planning process
In most cases, retailers are being held back by antiquated legacy systems that lack the flexibility and stability required to remain relevant in today’s fast-changing retail world.
Product availability is of the upmost importance to customers, whether they shop online or in-store. Retailers should offer a variety of fulfillment methods, including Buy Online, Pick up in Store (BOPIS), Buy in Store, Ship to Home (BISSTH), or Buy Online, Return in Store (BORIS).
Our newest guide addresses the many obstacles standing in the way of optimized merchandise planning effectiveness. It explains how a unified, modern platform can help you optimize your inventory to achieve your organizational and financial goals. It all starts with automation. To gain new levels of efficiency, retailers must focus on three key areas: clustering, dynamic re-allocation, and customer-optimized inventory.
To learn more on how to gain new levels of efficiency, download the guide now.