Archive for inventory optimization

Inventory Optimization is the Lynchpin to Omnichannel Success

Success in omnichannel commerce requires solutions designed for the way customers shop today. Retailers should look for a demand forecasting and inventory optimization solution that understands digital demand is now being fulfilled through physical stores and can account for channel demand patterns and emerging omni-fulfillment strategies.

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A Garment Manufacturer Saves Money and Improves Service with an Unusual 4PL Arrangement

A global garment manufacturer entered an unusual Lead Logistics Provider relationship with their service provider, they actually allowed the 3PL to integrate into their systems and see who they were selling their products to. This unusual level of trust allowed the 3PL to provide not just warehousing and transportation services, but also robust inventory optimization to their customer. The results were fantastic.

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The Truth about the Omni-Channel Customer Experience

Earlier this month, I wrote about my experience visiting the National Retail Federation’s (NRF) Big Show in New York. The big focus at the show this year, much like in years past, was the focus on improving the omni-channel customer experience. As I wrote, customers do NOT expect a similar experience across channels. Instead, they are seeking out a brand experience that allows them to interact through multiple channels during the shopping journey. In the […]

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Guest Commentary: Finally, A New Way to Look at Inventory Optimization

Finding the balance between overstocks and lost sales is necessary for operational growth and health. With so many flavors of inventory optimization applications available, why do so many companies still struggle with inventory inefficiencies? It’s because traditional inventory applications fall short in three key areas: They assume that all demand is smooth and normally distributed They only consider safety stock for the existing supply chain structure They do not simulate real-world behavior or enable what-if […]

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Guest Commentary: Optimizing Inventory in an Omni-channel World

The retail world is abuzz with stories of omni-channel transformations. The promise of ‘sell anywhere, fulfill anywhere’ capabilities are driving retailers to adopt innovative approaches to increasing customer loyalty. The concept of ‘save the sale’ is a common component of these approaches — with retailers seeking to allay lost sales from out-of-stocks with solutions that range from simply providing store associates ecommerce access, to intelligent distributed order management algorithms that seek out the optimal source […]

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Guest Commentary: Mining More Profits From Your Inventory

Every business wants the highest yield or gross margin return on investment possible for its inventory dollar. Whether you’re in retail or wholesale, inventory is often the single largest, continuous investment you make and the ultimate goal is to make that investment work for you. But what is the right approach? For example, you ship to your stores two times per week—is that the best schedule? Or you need six units on hand to make […]

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Guest Commentary: Safety Stock Helps Buffer Against Variability in the Supply Chain

Every supply chain is rife with variability and uncertainty. This adds costs, problems with customers, and headaches and firefighting for supply chain managers. Safety stock plays a critical role in a helping you run a good supply chain despite the inherent variability and uncertainty. Safety stock allows you to seamlessly meet unpredictable spikes in demand, and it allows you to protect your customers from production breakdowns, supplier failures, or unusually long shipment times. Safety stock […]

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