Inventory is your company’s largest capital investment. It is why customers make purchases in your stores and online. It is the source of your company’s revenue and the bedrock of your brand. Naturally, it makes sense that fine tuning inventory management is a key to achieving financial success.
And yet, with so much riding on inventory management, it is surprising that many retailers struggle to master their supply networks, which extend from source to shelf through a matrix of nodes, flows, transportation modes, third- party providers, and technologies that are not up to the job.
To make inventory management an even more complex task, a proliferation of digital sales channels – online, mobile, social media and marketplace platforms – has been added to the supply matrix.