How Do Inaccurate Inventory Records Erode Operational Efficiency?

How Do Inaccurate Inventory Records Erode Operational Efficiency? By Herb Billings July 14, 2020 Retailers – do your omnichannel strategies suffer from inaccurate inventory records?  Of course they do, and the increasing importance of BOPIS, click & collect, curbside pickup, “retail-to-go” and ship-from-store make inventory record accuracy an important cornerstone for omnichannel success. Inaccurate inventory…

Does Inventory Record Accuracy Differ by Market Segment? Photo by Polina Tankilevitch from Pexels

Does Inventory Record Accuracy Differ by Market Segment?

Does Inventory Record Accuracy Differ by Market Segment? By Herb Billings June 3, 2020 Does inventory record accuracy differ by Market Segment? You bet it does! Many factors are responsible for differences in inventory record accuracy between market segments. Higher value items are more attractive theft targets, but also justify higher investment in anti-theft controls. Items with high…

Another Inventory Accuracy Formula

Another Inventory Accuracy Formula

Another Inventory Accuracy Formula By Herb Billings May 26, 2020 In a previous article we discussed how Datascan’s preferred inventory accuracy percentage calculation relies on the absolute unit difference to describe how far the inventory records are from reality. The ECR Community and the RFID industry prefer a formula based on SKU integrity, which treats all inventory unit adjustments with…

Inventory Accuracy % Is Not Enough

Inventory Accuracy % Is Not Enough By Herb Billings May 13, 2020 Inventory accuracy percentages can be misleading! We already know that inventory accuracy is a very important metric for retailers, measuring how closely system records reflect the actual units found in stores. But did you also know that a straight inventory accuracy percentage stating that inventory…

"Retail-to-Go" (Lawrence Jenkins / Special Contributor to The Dallas Morning News)

Retail-to-Go Requires Accurate Inventory

Retail-to-Go Requires Accurate Inventory By Herb Billings May 1, 2020 “Retail-to-go” is a new buzzword – it’s essentially the curbside pickup of items your customers purchase online.  Like every other online purchase, retail-to-go requires a high level of inventory accuracy for smooth execution.  And as you’re well aware by now, COVID-19 has forced retailers to rely on…