Is the Perfect Shopping Experience Attainable?
A consumer supply chain executive once noted that if his company had attained the entire inventory reductions promised from process and technology over the past decades, by now they'd have negative inventory, according to Supply Chain Digest. Instead, their inventory is higher than ever. Until recently, retailers have had very few tools to effectively align inventory targets with costs and service levels in an effort to "Right size" their inventory. In many cases, the retailer is still relying on manually intensive, spreadsheet-based replenishment techniques, yet inventory is the most important asset a retailer owns.