How Retailers Can Optimally Manage the Inventories Across Various Channels

How Retailers Can Optimally Manage the Inventories Across Various Channels

Multiple supply chain shocks following the onset of COVID-19 have forced retailers to diversify their supply chains, improve brand resilience, and boost operational efficiency. Many are also trying to improve their inventory management practices, considering that: Out-of-stock inventory situations cost retailers more than $1 trillion annually Businesses lose $1.75 trillion annually due to…