Drive your business and meet ever-changing needs
According to Gartner, 94% of leaders say they need to understand the latest technology innovations that will enable them to bring better data and predictive capabilities to the business. It is no wonder the industry is rapidly going through a digital transformation.
Traditional systems that keep track of inventory were designed for merchandise management and accounting, not forecasting and planning. Strategic placement of inventory and the agility to adjust to unplanned events or changes to consumer preferences are near impossible without the external data from customer-facing selling technologies. For this reason, many digital transformation laggards struggle with supply chain issues and poor inventory efficiency.
Today’s next-generation, AI/ML-based tools help retailers predict demand at the most localized and granular levels, giving them the ability to accurately align supply throughout the supply chain and optimize inventory at every location.
Download the solution brief to learn more about the innovative 4R approach and solutions to supply chain planning and execution for inventory optimization: