Inventory accuracy: essential, but often overlooked

Retailers today are struggling to manage demand across multiple channels while effectively controlling inventory levels. Vital to this process is the accuracy of their inventory systems. Cycle counting is the main technique used to curb inventory record inaccuracy (IRI), but it offers only a static...

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Bibliographic Details
Published in:Supply Chain Management Review 2010-03, Vol.14 (2), p.36
Main Authors: Barratt, Mark A, Rabinovich, Elliot, Sodero, Annibal Camara
Format: Magazinearticle
Language:English
Subjects:
Accuracy
Consumers
Internet
Inventory
Inventory control
Inventory management
Pilot projects
Radio frequency identification
Retail industry
Retail stores
Retailing industry
Supply chains
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Summary:Retailers today are struggling to manage demand across multiple channels while effectively controlling inventory levels. Vital to this process is the accuracy of their inventory systems. Cycle counting is the main technique used to curb inventory record inaccuracy (IRI), but it offers only a static perspective. This article provides clear evidence why retailers need to adopt a more dynamic perspective on their inventory picture. [PUBLICATION ABSTRACT]
ISSN:1521-9747