Subject:
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Re: Slim pickings everwhere (Was: Slim Pickings at Target)
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Newsgroups:
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lugnet.market.theory
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Date:
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Mon, 27 Dec 1999 21:09:44 GMT
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Viewed:
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402 times
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A couple of comments:
1. Most large retail chains these days use inventory forecasting software, such
as IBM's INFOREM, that does all sorts of statistical analysis on past sales
trends (per SKU, incidentally) to forecast probable sales. These forecasts are
turned in to the orders that are sent to the distributor. An additional twist
on this is when the retailer trusts the distributor enough to give them the keys
to the process. The vendor then manages the retailer's inventory for them. Not
sure if TRU or TLC go this far with it, but I am sure they use some sort of
forecasting software to manage this.
Ray Sanders wrote:
<snip>
> So the final result of poor forcasting, inventory accumulation and
> regional demographics/preferences is that odd 'blips' of stock show up
> where you least expect it. Several months back I mentioned about my
> run-in with TRUs inventory tracking system and how you 'just cant trust
> it'. I've heard other annecdotal tidbits: one store told me the listed
> inventory of ~20 purple buckets "probably doesn't exist, because we had
> a sidewalk sale and things were pretty confused". Ye gods. What good is
> an inventory system if you cannot trust it. What good is an inventory
> system if you do not periodically check the shelves and adjust to match
> actual inventory.
<snip>
2. TRU, and probably most other retail stores, do an annual inventory sweep and
count to correct the out-of-synch inventory problem.
--
G. Crisp - gcrisp@mindspring.com
"Indian, indian, what did you die for? Indian says 'Nothing at all.'"
-- Jim Morrison
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