It’s that time again… the annual unveiling of the Top 25 Supply Chains of the year, at least according to analyst firm Gartner Inc.
Supply chain experts share their tips for tracking and expediting inventory in today’s ‘I-want-it-now,’ multichannel retail world.
Walmart executives acknowledged it has an inventory management problem: the company lost $3 billion in 2013 sales due to out of stock merchandise while its inventory grew at a faster rate than its sales.
According to a recent report from IHL Group, a research and advisory firm, nearly $1.5 trillion of worldwide merchandise annually is in an overstock position that creates a loss in revenue.
Ever since the “fast fashion” model emerged two decades ago, supply chains have become a key driver of success for apparel companies. Today, they are more strategically important than ever before, due to the added pressures brought about by several trends.