Improving Store Ordering Accuracy

Improving order accuracy optimizes the ROI of other initiatives

As retailers now more carefully review their portfolio of completed and active projects, many are considering the impact of store order accuracy on their bottom line. What they are finding is that nothing impacts inventory reduction and Out of Stocks quite the way accurate ordering does.

• Will expected benefits from supply chain investments materialize IF stores continue to order erratically?
• Are investments to accommodate markdowns, returns, and transfers needed IF stores improve their ability to order the right product at the right time?
• Are investments in workforce management still needed IF store ordering can be automated, orders become more accurate/predictable/smoothed, and labor required to resolve out-of-stocks, overstocks, etc is nearly eliminated.

Store ordering is fundamental. Automating the ordering process has a significant ripple effect and should be accomplished prior to optimizing adjacent processes to ensure those subsequent investments are maximized.