A Guide to Inventory Planning
A retail business’ ability to comprehend and execute on inventory planning can make or break their growth, profitability, and ultimate success. Retailers lose $634.1 billion each year to stockouts and the average retailer overstocks by 50 percent.
With inventory issues contributing so heavily to a business’ bottom line, it’s clear that those who refuse to adapt and think critically about inventory will miss opportunities, lose sales, and fall behind.
Download this guide for in-depth insights on:
- The challenges retailers face when inventory planning, and how to overcome them
- The role of inventory planner across pre-, post- and in-season
- Predictions for the future of inventory planning
- How the consumer choice economy is affecting inventory planning