In today's omnichannel environment, optimizing inventory across multiple stores and distribution centers is an enormous challenge impacting a retailer’s bottom line. According to research from retail analyst firm IHL Group, retailers are losing up to $1.75 trillion in overstocks and out-of-stocks every year.
Watch this on-demand webinar with retail experts from Lands’ End, Total Retail and Radial to learn how to protect your business from costly overstocks, out-of-stocks and returns, including:
- What cross-channel inventory optimization is, and why it’s important
- How forecasting tools can help retailers match supply with demand, optimizing profits in the process
- Impact of cross-channel product returns on merchandise planning, and how your business can accurately forecast inventory
- How omnichannel fulfillment options such as buy online, pick up in-store; ship from store are impacting merchandising and operations, and what retailers can do to prepare for this new reality