The most recent report penned by landmark researchers Thomas Gruen and Daniel Corsten furthered their deep understanding of the OOS problem in grocery retail. In this case, they’ve highlighted what might be looked at as the proverbial light at the end of the tunnel…one that’s actually a train. Online availability (OLA), or its inverse, Not […]
In case you missed this in this weeks’ Progressive Grocer newsletter: https://progressivegrocer.com/7-things-grocers-can-do-make-ecommerce-mainstream Retail grocers have opportunity (and a bit of work to do) for shoppers to embrace them in the online world, according to this article from Randy Hofbauer of Progressive Grocer. His seven things definitely makes sense to us here at Itasca, starting with […]
Before you read further, let this huge nugget sink in. It’s NEGATIVE BOOK VALUE of INVENTORY we are talking about. In other, even more impactful words, elimination of inventory on your balance sheet. How much additional profitability could that add to your bottom-line? What else could you do with an influx of capital to that […]
What Amazon Might Not Know About On-Line Fulfillment Download the Click-Confirm-Collect Gold Paper THE BLOCKBUSTER announcement last week from Amazon.com and Whole Foods Market has analysts and the business media buzzing about a potential new era in online grocery ordering. Never Pay for Inventory Again! Made possible with superior computer-generated ordering technology, and using the Supply […]
ON AUGUST 17 the publishers of Inc. magazine named Itasca Retail to its “35th Annual Inc. 5000” list for 2016. Itasca Retail qualified for this honor by posting a cumulative three-year sales growth of 295%, which puts us at a rank of #1315 overall. Take a look at our profile on the Inc. 5000 site. […]
Sound like nonsense to you? What if someone showed you a supermarket chain who routinely reports a negative book value on its store inventories? We can. Using Itasca Magic™ they sell through before the invoices are due, freeing up millions in working capital for expansion, marketing, promotion, and customer experience. At Itasca Retail, we’ve been delivering on the […]
THE RIGHT TECHNOLOGY gives grocers a better handle on out-of-stocks at the store level. At Itasca Retail, we’ve been proving that for more than a decade in more than 1,300 supermarkets across North America. Current industry dialog on On-Shelf Availability has focused greater attention on best practices around store-level inventory visibility. In Progressive Grocer magazine’s […]
WHEN IT COMES to inventory accuracy, compromise should by now be a thing of the past. It’s time for supermarket operators to put an end to Low out-of-stocks at a cost of excessive inventory levels on the shelf and in the backroom. High turns that beget excess labor costs for restocking. DSD vendors that shoulder […]
HONOLULU — Times Supermarkets, operator of supermarkets and wine shops across Hawaii, is bringing the Itasca Magic™ inventory optimization solution to all its stores. The decision is effective immediately. It comes following a highly successful pilot project of four months duration, in two stores located in Honolulu and Lihue. “We’re highly encouraged by the results […]
WHEN IT COMES TO the essential discipline of inventory replenishment and reordering at the store, real time all the time is the gold standard. We have seen that headquarters-focused methods are seldom able to meet this standard, because they are not designed for it. In the daily grocery replenishment process, for warehouse, DSD and perishable […]