Inventory Management Innovation: IT Improvements For Promotions Planning & Strategy
By Aptaris / July 2016Case Studies
In North America, the loss from overstocks costs retailers $123.4 billion annually and out-of-stocks $129.5 billion, according to a recent study by IHL Group.
A national discount retailer beloved by consumers for dollar bargains wanted to pass on even more savings to shoppers by optimizing its marketing, merchandising and promotions processes.
Learn how this retailer excelled after their first year of using the Aptaris system as their centralized source for promotional data:
- Improved accuracy for merchandise forecasting in the 90% range
- Experienced a 24 basis points improvement for in-stock percentage during promotional events
- Reduced in store-level out of stocks by 8%