What Is Replenishment And Why Is It Important?

Replenishment is an area within operations where retailers can find an edge to beat the competition and meet customer needs. Excelling at replenishment enables a retailer to implement the promotional, pricing and assortment strategies established. Plus, additional profit can be gained by minimizing inventory levels and reducing lost sales. Time is made available for analysis and special projects when fighting the fires of overstock and out of stocks is removed from the buyer's day. Learn more. Submitted by Retail Process Engineering