In the new digital economy, whether you’re a retailer, manufacturer, dealer, wholesaler, distributor, inventory is a critical asset to your business. Retailers have the constant need to stock up their shelves, but at times lack the strategy to maintain it properly. The main challenge is syncing all the demand and supply planning factors and fulfillment operations, while manufacturing and distribution costs are low.
The implications of poor cross-channel inventory management lead to reductions in revenue and profits and the loss of customer loyalty.
Inventory Optimization with GMROI powered by DecisionMinesTM assists retailers in gaining competitive advantage and making informed decisions using the rate of movement of commodities and their inventory holding cost. Through the application of algorithms and the most important retail metric, GMROI, DecisionMinesTM leverages inventory optimization to avoid out-of-stock situations without impacting the bottom line with excessive inventory maintenance.
We ensure that you keep just the right amount of inventory, while helping retailers monitor, make predictions, enhance operations, and meet consumer demands without sacrificing the cost-effectiveness of other supply chain strategies.