From Fashion & Sports retailers, to Supermarkets, to Health Food stores and Bookstores, the retail industry is very diverse, but also highly competitive, fast-paced, and full of challenges.
Now more than ever, retailers, who want to be successful, need to provide their customers with an outstanding shopping experience, no matter if in store, online or on their mobiles.
If your customers cannot find what they are looking for, you might lose not just a sale but also their return business. On the other hand, a large inventory can tie up considerable working capital and limit flexibility and response time in front of market fluctuations.
But that’s not all, managing healthy levels of inventory can be affected also by specific industry issues, such as seasonality in the fashion business, becoming outdated in various industry’s or the problem of perishable goods for grocery or health food retailers.