Megan Donadio

Recent Posts

The ‘Art of What’s Possible’ with Celect Inventory Optimization Suite

I’ve spent my entire career in the retail industry, in various roles, both working directly for retailers and as a consultant. These experiences gave me an opportunity to view the retail industry through a number of different lenses. As a result, I’m often asked what is on a retail CEO’s mind in today’s current business climate, to which I typically answer, with certainty, one thing: inventory.

Inventory optimization, inventory effectiveness, how to improve inventory decisions in an omni-channel world. Inventory remains the top challenge for most retailers, as seen from the $1.4 trillion inventory problem stemming from lost sales and excessive markdowns. New realities force the need for a new approach. While customer expectations have changed and retail operations and execution have changed, inventory decision-making (for the most part) has not. 

The fact of the matter is that inventory is a complex problem and complex problems do not have simple answers.

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Topics: retail technology, artificial intelligence, inventory optimization, brick-and-mortar retail, machine learning, advanced analytics, start-up, innovation

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