Connected Commerce is Forcing Retailers to Revisit Inventory Optimization
As retailers work toward streamlining customer experiences, and the lines between the online and offline shopping experience blur with new omnichannel fulfillment strategies like buy online, pick up in store (BOPIS), in-store inventory has to be treated differently. In order to compete with large online marketplaces, traditional retailers with store networks must be able to leverage their in-store inventory to support orders that originate online. And retailers that have begun the transition to leveraging stores have a critical strategic advantage.
The stakes are higher than ever, and retailers need a solution engineered for the complexities of omnichannel fulfillment to manage their in-store inventory so as to prevent stockouts and markdowns.
Manhattan Demand Forecasting and Inventory Optimization now uses Omni Inventory Optimization (OIO) technology to align the complete network of inventory, and omni-fulfillment strategies to maximize profitability. Whether supporting ship from store, pick up in store, or more, inventory is now aligned to precisely and proactively place items exactly where your customers expect them to be.