“45% of retailers and 32% of suppliers report that inventory has increased beyond growth over the last three years.” – RSR Research, December 2008
Working together on inventory levels represents the most fundamental level of collaboration for suppliers and their retail partners. Planning at a category level can hide a lot of sins in the detailed data. No such opportunity exists at the item level – it’s either right or it’s not; getting it wrong means either too much inventory or a stock-out.
Learn how Park City Group can help:
- Vendor Managed Inventory: enables suppliers to analyze retailer-supplied demand information, automatically generate orders for each customer, set inventory policy at the retailer’s distribution center and monitor on-going inventory levels.
- Store Level Replenishment: a store ordering solution that optimizes store level demand forecasting, for regular turn merchandise and promotional products, and generates more accurate replenishment orders.
- Enterprise Supply Chain Planning: helps you turn demand signals or POS data into actionable information.