Posted on Wednesday, November 7th, 2007 at 6:42 pm
Efficient supply chain management (SCM) and reducing inventory shrinkage are two other key areas of concern for retailers. Wrong inventory designs could lead to significant losses, so retailers have to plan the inventory in great detail, deciding which goods to stock and in what quantities.
Since SCM is a critical component of any retailer’s IT infrastructure due to the fundamental need to maintain accurate inventory levels in line with market demand, implementing SCM software is becoming increasingly common. Although current penetration levels remain low, an end-user survey conducted by Frost & Sullivan reveals that most of the participating retailers indicated that SCM software was one of their top priorities for technology spending.
