Maximizing Supply Chain Profitability
Retailers are in the business of forecasting sales, then buying and positioning inventory accordingly. However, outmoded and inadequate computing power have resulted in seat-of-the-pants inventory management. The resulting out-of-stocks and overstocks have cost retailers in North America $252 billion, according to a report from IHL.
Every retailer would like to predict the future far more accurately. When it comes to inventory profitability, that now may be possible. Using machine learning to support predictive and prescriptive analytics, retailers can yield greater profits and fewer losses from inventory management. Recent tech advancements — lowered computing costs and artificial intelligence (AI) — put game-changing tools in retailers’ hands.
Download this special report from 4R Systems to discover how retailers applying advanced technologies to inventory management are seeing significant net profit improvement.
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