Managing Inventory Challenges for upcoming Holiday Season Sales to avoid Stockouts & Maximize Revenue

Active inventory planning starts with hindsight from the supply chain perspective 9 to12 months prior to the holiday season. Merchandisers need to build close-knit cross-functional teams; Buying, Planning, and Allocation, to ensure all key pre-season observations are tied together to effectively plan for the upcoming holiday season sales. As the plan keeps improving as brands get closer to the season, in-season reality usually requires instant action. Learn about:

  • Effective in-season Plug & Play strategy keeping all parameters and style attributes in check, and knowing your inventory well enough to take immediate action on what needs to be pushed out.   
  • Building promotional cadence for the holiday season by understanding what needs to sell off and what can be carried to the next season
  • Strategies to handle quicker deliveries by automating decision making. Do not overload your stores, build a seamless operations experience by effectively re-distributing your inventory. 
  • Maintaining freshness index of stores with Inter-store transfers.

…and much more!

Efficient Inventory Management in the Digital Era

Understanding customer requirements and capturing them accurately across all sales channels need to be streamlined in order to scale businesses. 

  • Manual Inventory Management – Traditional labour-intensive processes involved manual counting and tallying of stock which led to higher chances of errors and inaccurate stock keeping. 
  • Digital Inventory Management – The emergence of e-commerce as an important sales channel required rapid expansion of operations, digitization of inventory and an organized method for managing daily activities and sales transactions. 
  • Automation in Inventory Management – As complexities in retail intensified, there was no room for delays or human decision-making errors. Markets are now so dynamic and trends are so short-lived that actions need to be taken immediately for brands to survive the competition. 

Read how digitization and automation in inventory management are helping brands and retailers stay ahead of the curve through perfect warehousing and optimization of inventory.