Remove Inventory Turnover Remove Management Remove Supply Chain Management
article thumbnail

Why Data Will Drive the Future of Inventory Management

Retail TouchPoints

Retailers acted with agility, changing the way they planned and managed inventory in a remarkably short time. Effective inventory management plays a vital role in this — and data-led solutions can make a real difference here. Guarding Against Supply Chain Disruption. years, on average. The Way Ahead.

article thumbnail

Using Prebuilt Data Models? You Should Be

Retail TouchPoints

Like LEGO sets that get creative builders started with guided instruction, prebuilt data models like those outlined above can help organizations improve their data management and analysis capabilities, promote collaboration across departments and ultimately make better decisions based on data-driven insights at lower cost, time and project risk.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Survival guide: The keys to resilience and success in tough times

Inside Retail

Set benchmarks for inventory management, including the rate of inventory turnover and tracking and fill rate. Continue to review minimum stock limits and develop contingency plans should supply issues emerge. A successful year might not be double-digit sales growth in a challenging economic environment.

article thumbnail

How global beauty brands will benefit from JD.com’s latest logistics move

Inside Retail

“This collaboration results in an enriched suite of logistics and supply chain services, encompassing not just warehousing and inventory management, but also comprehensive transportation and last-mile delivery solutions,” he added.

article thumbnail

How to Revolutionize Inventory Management

Independent Retailer

As manufacturing and supply chain disruption increases, retailers must optimize inventory management to give customers a better experience. Businesses that employ data-led solutions to streamline supply chain efficiency will reap rewards. Common Inventory Management Headaches.

article thumbnail

Digital Transformations Empower Supply Chains 

Storis

Amidst these challenges, the optimizing supply chain management is a critical factor in business success. The digital transformation of supply chain workflows offers an opportunity to reduce costs and improve profit margins. Digital transformation melds these components into a cohesive, efficient whole.