Home improvement retailer Leroy Merlin Italy shares how they’ve leveraged advanced planning software into improved visibility that’s driving performance improvements throughout their supply chain.
This presentation was originally recorded for RELEX Live: Global Retail Summit.
Inventory reduction is one of the most misunderstood and mismanaged strategies in inventory management. When executed correctly, though, running leaner can significantly cut costs while reducing stockouts and spoilage of fresh products.
Phantom inventory haunts retailers. The inability to trust when an inventory system claims products are on shelves or in stock is enough to frighten any profit-minded retailer. Scarier still: phantom inventory is so hard to detect that retailers may never be able to identify how much money the issue costs them in the long run.
DIY retail can be extremely challenging–from low margins to the scale and complexity of the DIY assortment. Luckily, the right combination of technology and approach can help retailers address these challenges effectively.