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Connected, Secure Systems Help Retailers Curb Inventory DistortionIn a multi-channel environment, Intel® technology helps retailers quickly and efficiently collect and analyze sales and supply-chain data to reduce inventory distortion and stock conditions for greater brand loyalty.IntroductionThe retailer sales environment is more dynamic than ever. Customer demand dictates faster fulfillment of the products they want to purchase. As a result, maintaining effective inventory controls has become a challenge that costs the global retail industry nearly a trillion dollars a year in out-of-stock and overstock situations.The ripple effect is enormous. Shoppers today— the same as they have for many years—regard out-of-stock situations as their biggest retail complaint. And because they can use their mobile devices to quickly find what they want from an assortment of competing retailers, shoppers facing out-of-stock situations are quick to take their business elsewhere and even to switch retailer brand loyalty.Solving these out-of-stock and overstock problems requires inventory systems that are more advanced and comprehensive, and that can fulfill orders faster than ever before. Retailers are now eager to find ways to integrate, analyze, and manage massive amounts of data from many sources—brick-and-mortar, online, key suppliers, and warehouses—to keep shoppers satisfied, produce healthy revenues, and strengthen their bottom lines.Read the full Connected, Secure Systems Help Retailers Curb Inventory Distortion Solution Brief.
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