WEBINAR - TUESDAY NOVEMBER 19th - 3pm GMT
Please join this webinar for the official launch of a new research study on the problem of inventory record inaccuracy. The research aimed to answer three key questions:
1) To what extent are inventory records wrong?
2) How does inventory record accuracy deteriorate over time?
3) How does an improvement in inventory records affect sales?
Working closely with seven retailers, the findings confirm that for the retailers in this study 60% of inventory records are wrong, and that when the inventory records are corrected that sales can increase by 4 - 8%. As one of the retailer members of ECR shared, their board regularly pour over and inspect new ways to grow retail sales that most often require big investment and high risk, yet here we have new research that shows that by just improving the accuracy of their inventory records they can drive sales, with little risk and potentially, a low level of investment.
The webinar will explore the research objectives and findings in more detail, and importantly, propose a number of interventions that retailers and manufacturers could consider and act upon. Following the presentation of the findings, Hannah Newton, Business Intelligence Manager for Tesco PLC, will share a retailer perspective on the findings, and implications for retailer organisations.
Opening Remarks and Background to the Study - Colin Peacock, ECR Community Shrink & OSA Strategy Coordinator
Research Objectives and Findings - Academic Team
- Professor Christoph Glock, TU Darmstadt, Germany
- Professor Yacine Rekik, EMYLON Business School, France
- Professor Aris Syntetos, Cardiff Business School, UK
Making sense of the findings - Hannah Newton - Business Intelligence Manager, Tesco PLC
Closing Remarks - Colin Peacock
To register click here