Observations From NRF
3. Optimizing sales and profits in a multichannel world is difficult, but doable. Multichannel is multichallenging. For inventory to contribute, its share will require complete inventory optimization not only by channel but also by location — right down to the individual stores, distribution centers and even supplier-held inventory.
It's a big job, but for inventory planners who are innovative enough to meet their customers’ needs, regardless of the channel the customer has chosen and the complexities involved in optimization, the rewards will be there.
Joe is Vice President of Product Solutions at Software Paradigms International (SPI), an award-winning provider of technology solutions, including merchandise planning applications, mobile applications, eCommerce development and hosting and integration services, to retailers for more than 20 years.
Joe is a 34-year veteran of the retail industry with hands-on experience in marketing, merchandising, inventory management and business development at multichannel retail companies including Lands’ End, LifeSketch.com, Nordstrom.com and Duluth Trading Company. At SPI, Joe uses his experience to help customers and prospects understand how to improve sales and profits through applying industry best practices in merchandise planning and inventory management systems and processes.