27 Jun 2019
multi channel inventory management

The Very Real Struggle with Inventory Management

Inventory management doesn’t sound sexy, but challenges in this area eat at a Retailers profits, such as it did with Urban Mattress. They were challenged with what is only growing in importance, providing consumers a unified experience across diverse mediums (in-store, website, amazon, outlet, etc). Thus, tracking their inventory status across their locations, warehouse(s), and online channels was becoming increasingly difficult to the point of loss profit estimated to be over six figures annually. Some of the main areas they saw these efficiencies were: 10% decrease in inventory discrepancies. Historically they had a disjointed inventory across their locations and having everything centralized in an easy to track/report system ...