Chief Supply Chain Officers are addressing inventory challenges in their organizations
Bill Benton, the co-founder of Gains, highlights the reasons why planning processes often fail to effectively address inventory challenges.
Bloated inventory glut up 50% in Under Armour’s supply chain
A 50% increase in inventory can be difficult for a retailer due to the need for additional storage space, strain on cash flow, increased risk of stockouts, and additional challenges in inventory management.
Consumers are dealing with renewed inflation, and inventory gluts may be to blame
When there is an inventory glut, it means that there is more supply of a particular product than demand for it.
Macy’s is the retailer at the top as peak season approaches
While many of the retailer’s main competitors deal with a near-crippling inventory glut, Macy’s has taken a different approach to its inventory management strategy.