Inventory Optimization: Next Gen Tools to Ensure a Profitable 2019 Holiday Season
The 2018 holiday season saw one of the best shopping periods within the last six years, with U.S. consumers spending more than $850 billion between November 1 and December 24 – an increase of 5 percent from 2017 (MasterCard Spending Pulse).
While it was a strong season, there were still out of stocks and lost sales opportunities due to unbalanced inventory and inadequate planning. Now that the new year has begun, retailers should begin to shift their focus to how they can evolve and grow their inventory strategies to make this year’s holiday season even more impactful.
In this webinar, Seth Lippincott, Principal Analyst for Enterprise Applications and Supply Chain Management at Nucleus Research, and Scott Fenwick, Senior Director of Product Strategy at Manhattan Associates, recap highlights and lessons learned from the 2018 holiday season, discuss the impact on inventory due to omnichannel offerings, and provide key focus areas that retailers should be thinking about now to prepare for this year’s holiday season.
- Lessons learned and insights from the 2018 holiday season
- Implications and growth from omnichannel offerings
- Impact on inventory from the holiday promotional offerings
- Agile Sales and Operations Planning process to ensure successful execution during the peak season
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