A Forecast for Profits: Avoiding the Costly Consequences of Poor Inventory Management
Sponsored by: Radial
Speakers: Angie Rieger, Senior Vice President, Planning and U.S. Direct, Lands' End and Stephanie Freeze, Sr. Product Manager, Partnerships and Growth, Radial Inc.
In today's omnichannel environment, optimizing inventory across multiple stores and distribution centers is an enormous challenge impacting a retailer’s bottom line. According to research from retail analyst firm IHL Group, retailers are losing up to $1.75 trillion in overstocks and out-of-stocks every year!
Having too much inventory allocated to stores often leads to margin-eroding discounting and clearance sales, while having too much stock occupying space in a warehouse and not on store shelves can lead to stock-outs and disappointed shoppers.
So what’s the key to striking the right balance to satisfy in-store and online demand — without costly overstocks? And how do retailers address the added complexity of managing fast and easy cross-channel product returns (e.g., buy online, return in-store), which consumers expect?
Don’t miss this webinar, Avoiding the Costly Consequences of Poor Inventory Management, Tues., March 6 at 2 p.m. ET, to learn how to protect your business from costly overstocks, out-of-stocks and returns, including:
- What cross-channel inventory optimization is, and why it’s important
- How forecasting tools can help retailers match supply with demand, optimizing profits in the process
- Impact of cross-channel product returns on merchandise planning, and how your business can accurately forecast inventory
- How omnichannel fulfillment options such as buy online, pick up in-store; ship from store are impacting merchandising and operations, and what retailers can do to prepare for this new reality
Register today to learn how to protect your business from this trillion-dollar problem!
Sponsored by Radial
Couldn’t make it on March 6th? No problem! Total Retail webinars are archived for 90 days after the live event. Click above to register and get access to this webinar, both live and on- demand.