Inventory optimization strategies for cx domination
The retail industry needs better strategies for inventory optimization because having the right items in stock, in store, in season (not too much, not too little) is the strongest driver of Customer Experience (CX) and profitability. Top retail brands have found the answer. Inventory optimization solutions that use data, AI and machine learning algorithms with intelligent replenishment are empowering retailers to respond fast and respond first to a highly volatile market. By automating demand planning activities and continuously optimizing the inventory strategy based on daily analytics, these systems keep high-value items in stock, shoppers happy, op-ex low, and profit margins high. At a fraction of the effort.