Less Than 35% Of Supply Chain Execs Use Analytics Insights To Manage Inventory
By Glenn Taylor on www.retailtouchpoints.com
Forecasting product demand is an arduous process for merchants, but it’s critical to avoiding the twin challenges of out-of-stocks and excess inventory. A new study reveals that only 34.7% of wholesale supply chain executives say their current inventory planning process provides actionable insights on customers, inventory and demand — and that they are fully using those capabilities. Approximately the same number, 35.7%, say their planning processes offered only some of the information they needed, while 19.4% said their processes do not provide what they want.