Inventory Management: How to Align Company Strategy with the Right Policies?

Effective inventory management is critical for retail businesses to maintain market share and drive revenue growth. Balancing product availability and minimizing excess inventory is key to ensuring profitability and long-term sustainability. In this webinar, we will explore how applying Inventory Management and Supply Chain Strategy principles from SC1x / SC3x helped a Cash & Carry Retail company significantly reduce inventory costs while maintaining high service levels. By forecasting demand and managing inventory at the category level (rather than the SKU level), the company was able to decrease variability, reduce safety stock requirements, and negotiate better product costs through category-based purchasing. Join us to learn valuable insights that can be applied to your own retail business for improved inventory management and overall success.
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Excellent video! A very practical approach to a real life case study that applies the knowledge and concepts taught at the micromasters. Spot on! Thank you!