Industry News
Traditional Inventory Management Practices Are No Longer Suitable For Success
“In order to remain competitive with e-commerce retailers and other brick and mortar rivals, physical stores will soon be adopting IoT and AI-enabled inventory tools as the standard, rather than the exception.”
With the increasing pressure of achieving optimal operational efficiency within physical stores, retailers must be able to achieve near-perfect inventory accuracy. For many retailers using traditional inventory counting methods in the apparel, fashion and soft goods sector, inventory accuracy can drop significantly, resulting in a poor experience for shoppers and lost sales.