A RECENT ARTICLE in the Wall Street Journal, “Target Expands Inventories to Repair Stock-Outs,” once again highlights the dilemma facing the nation’s largest retailers when it comes to getting stock levels right. The article quotes Target COO John Mulligan, who said the retailer had upped inventory … [Read more...] about What’s Up with Target and Walmart Inventories?
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 … [Read more...] about Five Keys to No-Compromise Inventory Optimization
GROCERY RETAILERS ARE TALKING about the latest report from IHL Group, “Retailers and the Ghost Economy – $1.75 Trillion Reasons to be Afraid.” That mind-boggling number refers to the cumulative global impact of Out-Of-Stocks, Overstocks and Returns across the retail spectrum. IHL coined the term … [Read more...] about Overstocks Matter Too
WE CAN'T STOP a storm, but we can improve the recovery from it on your shelves. Itasca’s Magic™ store replenishment solution offers a better method to regroup after a winter storm. Magic™ provides store orders based on demand forecasting against a store perpetual inventory. Normally this provides … [Read more...] about Restock After the Storm Surge
Walmart has acknowledged in recent weeks that it is still struggling to control out-of-stocks in its stores, with its eye on a $3 billion prize in regained sales. Much of the analysis we have seen recently seems to focus on the trade-offs of lost sales versus added labor cost. A key factor is the … [Read more...] about Walmart’s $3B OOS Challenge: Why Execution Matters More Than Labor
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 … [Read more...] about Why Store Focus is Essential – Read the Gold Paper
THIS WEEK, a Bloomberg news headline covering Walmart's quarterly earnings declared, "Walmart struggles to restock store shelves as U.S. sales slump." The story reported that Bill Simon, executive vice president and chief executive officer for the U.S. for Walmart Stores Inc., had appointed an EVP … [Read more...] about Is There a Solution to Walmart’s Restocking Troubles?