Are you responsible for inventory management at your store(s)? Do you frequently have to say “no” to your customers?
Two thirds of companies consider Excel a supply chain management system. We give you three reasons why we think replenishment in Excel has no future.
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Higher inventories, improve forecast accuracy, increase shipment frequency; all attempts to ensure sell out on store level. Zero stock on an active article means high chance on lost sales and the lost sales are even higher in case the
When people are looking for the latest trend in fashion, one specific item can catch the eye easily: "I like this one, I would like to try this on". Now the moment of truth arises; "Will this nice shirt also be available in my size?"
This article is based on Eliyahu Goldratt's book Isn't It Obvious. Together with Ilan Eshkoli and Joe Brownleer, Goldratt explains how his Theory of Constraints (TOC) can be implemented in a retail supply chain.
Read all about one of the most technical products in fashion: lingerie!