White Paper

10 Actions Retailers Must Take to Lower Inventories and Prevent Margin Erosion

10 Actions Retailers Must Take to Lower Inventories and Prevent Margin Erosion

Pages 6 Pages

10 Actions Retailers Must Take to Lower Inventories and Prevent Margin Erosion + Retail White Paper High inventories pose a huge problem for retailers maintaining profit margins this year in a cooling economy. They can fix this problem by deploying a platform providing a real-time, enterprise-wide view of inventory, in combination with demand sensing and inventory optimization powered by artificial intelligence (AI). Using this solution will enable them to take 10 specific actions to streamline inventories to maintain profits. With a recession looming, retailers face the problem of controlling inventories in order to avoid markdowns and maintain profit margins. They entered 2023 with higher-than-normal inventories, having increased stockpiles as a buffer against supply chain disru

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