Earlier this week I had the pleasure of attending the Supply Chain Council: Inventory Optimization event hosted by Coresight Research in New York City. I was joined by a combination of retailers, consultants, and other retail industry professionals to discuss the pressing problems in retail around optimizing inventory.
Retailers make hundreds of thousands of inventory decisions everyday around what to buy, where to place, and where to fulfill merchandise from− and these decisions are becoming much more difficult to get right as consumer expectations change. As such, retailers are urged to rethink how they make inventory decisions today — prompting the main topic of this event.
Here are three of the biggest takeaways that really resonated with me based on the discussion:Read More