Machine Learning Steps Up Retail Performance
Unless you’ve somehow avoided the intense competitive pressures of eCommerce, retail is a tough place to be right now. Sears, Macy’s and JC Penny are closing stores. Toys R Us and The Bon Ton are gone. Amazon is rewriting the retail playbook in ways that are leaving competitors struggling. And to make things even more challenging, consumers are constantly raising the bar in their expectations for an exceptional customer experience.
In this environment, running your supply chain the way you always have probably won’t get you where you want to go. It’s time to consider the options. And one of those is stepping up your supply chain planning. A more optimal supply chain increases fill rates, improves on shelf availability, and turns inventory over more rapidly. It’s about better forecasting, inventory optimization and replenishment.