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Dec 06
2011
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Real-time Inventory Visibility is the Key to Your ROIPosted by: dtang on Dec 6, 2011 Tagged in: Untagged
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From the survey conducted by Integrated Solutions for Retailers in December 2011, 56% of retail executives feel that the biggest ROI in supply chain and logistics will come from inventory initiatives, a key to all-channel fulfillment.
You could make the case that inventory is always important, but this year executives have realized that their inventory systems are out of step with the new realities of all-channel fulfillment.
Real-time visibility across the whole enterprise is paramount. This includes what is in the store, what is in transit, what is in warehouse as well as where the inventory is located in the store or warehouse. Retailers need to have the visibility into inventory sitting in a store which is available for sale by another store or can be fulfilled through internet orders, allowing retailers maximum return on their investment. 30% of retailers are attempting to do this (estimated by retailsolutionsonline).
Unless you are capable of maintaining perpetual inventory, in most cases, the inventory information may not be accurate to guarantee all orders can be fulfilled within the right timeframe. Customers will not be happy!
For this reason, we are seeing a lot of retailers seeking real-time enterprise-wide inventory visibility solutions. Get a real-time enterprise-wide inventory system to maximize your ROI!