Let’s Finally Get Serious About Optimizing New Item Inventory
New item forecasting is a troubling area because of its tremendous profit impact. If a company has $50M in inventory, new items could be $5M or more of that investment. So why aren't we putting more of a focus on optimizing them?
The PlanningPosts Podcast recently hosted long-time veteran in the inventory optimization world, Tracy Coon, Director – Business Consulting at Blue Ridge, along with industry evangelist Dan Craddock, on the topic of Optimizing New Items.
Tracy explains the crucial reasons why new items should be a key focus – but are not, for so many demand forecasting teams.
Download this supply chain podcast to learn some strategies for putting a sense of urgency behind improving the performance of your new items across the portfolio.