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Optimizing Inventory and Tracking Stock (Review Report)
Datamonitor, June 2006, Pages: 71
In an intensely competitive environment, merchandising processes and stock tracking methods are two of the key challenges facing retailers and call for the intelligent exploitation of increasingly valuable IT resources. From an IT vendors point of view, the retail sector requires understanding from an evolutionary point of view so as to appreciate the challenges and limitations that exist
Scope of this title:
- Market focus: Assessment of the challenges and contributory elements facing retailers in the merchandising and inventory arena
- Strategy focus: Discussion of the evolution that has brought about the inventory and merchandising challenges faced, and appropriate IT strategies
- Technology focus: Analysis of stock tracking technology strategy, retailer propensity to invest, and positioning IT vendors should be taking
- Data sets: Global RFID investment forecasts by country and product type, end-user sentiment regarding IT investment in relevant solutions
Highlights of this title:
- Stock tracking and inventory optimization are critical disciplines. Challenges include: improving consistency of IT, collaboration & intelligence; leveraging customer insight and knowledge of local idiosyncrasies; improving warehouse processes; enabling data integration and dissemination - a key factor in decision-making.
- Key influencers and strategic goals for retailers include: socio-economics, location and store type drive inventory and merchandising strategies; product tracking reduces stock-outs and labour requirements, and increases sales; RFID must be part of a wider infrastructure strategy to fully exploit its potential.
- RFID will drive strategic initiatives in inventory optimization merchandising as well as stock tracking: retailers inventory management challenges demonstrate RFID technologys potential and retailers confidence is high against a broad range of challenges; in-store item level tagging supersedes the supply chain as the RFID hotspot
Reasons to order your copy:
- Gain insight into retail challenges and issues that impact their businesses
- Appreciate how market evolution has created a complex retail environment ripe for strategic overhaul
- Understand country specific investment potential and improve your companys ability to engage retailers in dialogue in their own terms
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