Guide

Finding Optimal Inventory Balance: How to Reduce Inventory and Lost Sales

Sep 01, 2022

In the new world of retail, success depends heavily on retailers’ ability to deliver value, and inventory optimization excellence is at the heart of that ability.

Having the right products available on various channels, fulfilling the omni-channel customers’ demand at the right time and by their chosen fulfillment method come with a huge opportunity to succeed in 2022 and beyond.

However, despite the general desire to achieve retail excellence, tackling inventory reduction, lost sales, waste, inventory holding, and fulfillment costs remains an ongoing challenge for retailers. And yet, even some of the large and complex retailers are still prone to use primitive tools in their operations.

Download this free pocket guide to find out:

How retailers can increase their inventory planning capabilities,
How to reduce lost sales and inventory holding costs,
Why retailers should avoid having too much inventory,
How financial profit based optimization can help retailers make the right inventory decisions.

View Pocket Guide

Key Points

Today, mastery of inventory reduction is one area that retailers simply can’t overlook. The reality is that inventory is a major supply chain cost driver with an incredible financial value.
Predicting the demand hasn’t been easy and does not seem to be any easier in the future, just the opposite.
Retailers need to strike the right balance and make the right inventory decisions to stay ahead in ever-changing retail landscape.
Finding the optimal inventory balance is no longer simply an enabler; it is a key business process that will determine who will (and who won’t) meet customer demand, improve profits, and build a competitive advantage.
Profit optimization opens new doors to increased efficiency and profits. It allows retailers to have a betting strategy that can increase their chances of winning in the game of demand uncertainty.