Taking Stock of Taking Stock

Between the supply chain issues and shifting customer preferences of the past two years or so, unwanted inventory has been piling up on the shelves and in the warehouses of retailers around the world. Orders had to be placed much earlier than usual to try and keep up with increasing demand, so purchasers had to predict what consumers would want when those orders finally came in, perhaps nine to twelve months later. As it turns out, retailers cannot predict the future better than any of the rest of us, and there is a lot of inventory out there that is not exactly flying off the shelves. One consequence of this situation is that it has been made crystal clear that retailers need effective and accurate inventory management solutions.

This is a companion discussion topic for the original entry at https://www.edgeimpulse.com/blog/taking-stock-of-taking-stock