Inventory Control Market Outlook, Share, Size, Forecast, Trends, Report

Inventory Control Market Intelligence

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Inventory Control Category Intelligence

Report Coverage

Inventory count and control technique adopted by the top apparel retailers
Inventory Count Technology: Trends
Supplier Landscape

Inventory Control Market Trends

Category Intelligence on Inventory Control covers the following

Information relating to market, supply, cost, and pricing analysis
Hard to find data on cost and TCO models, supplier details, and performance benchmarks
Macroeconomic and regional trends impacting cost, supply, and other market dynamics
Category-specific negotiation and sourcing advice

Inventory Control - Executive Summary

Inventory Control - Inventory Management

Inventory Control - Inventory Counting

Inventory Control - Engagement Practices

Inventory Control - Supplier Analysis

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Industry Outlook & Drivers

Global Market Outlook on Inventory Control

Inventory management is predominantly executed through a technology platform with data inputs from various sources including store counting. In addition to stock replenishment, objectives such as loss prevention, increased visibility and monitoring real-time sales trend have become vital for apparel retailers.

Inventory Management System: Item Level

Store Returns/ Transfers

Data pertaining to products returned. Returned goods could also be defective, hence they are sorted accordingly

Loss Prevention Analytics

In addition to stock replenishment at stores, inventory management proves to be a vital visibility tool aiding in prevention of losses

POS Data (Perpetual Count)

Perpetual inventory data is generated through data from POS systems
The inventory ledger is updated after every transaction at the store

Warehouse Stock Levels

Warehouse stock levels are updated based on the goods arriving from suppliers and manufacturing plants
It is generally coordinated with data from 3PL or the retailer, who manages the warehouse

Store Inventory Counting

At store level, items are either counted by a full-service inventory count service provider or by the retailer themselves
Cycle counting and annual counting are different methods involved in inventory counting

Inventory Counting: Techniques

Best-in-class retailers prefer to adopt perpetual counting in addition to cycle counting to gain better visibility on supply chain, which facilitates less shrinkage losses and out-of-stock time. Perpetual inventory technique also helps in building analytics to perform
demand–supply models, which majorly supports assortment decisions.

Periodic Counting

Cycle Counting

Method

Physical count of inventory conducted as quarterly, half yearly, and annually across stores in cycles

Tools

Store & Warehouse: Handheld barcode/ RFID scanners

Benifits

No need of store closure
Reduced errors
Ongoing inventory shrinkage performance

Snapshot Counting

Method

Inventory count taken at all the stores simultaneously during the end of financial year, usually Jan/Apr-Jun

Tools

Store & Warehouse: Handheld barcode/ RFID scanners

Benifits

Greater attention across the management
Requires operational shutdown

Perpetual Counting

POS Counting

Method

Physical count is determined continuously at the store, based on sales data and warehouse data
Count data is linked to the ERP system for assortment decisions

Tools

Store: POS System - Barcode/RFID enabled
Warehouse: WMS

Benifits

No shutdown required
Prevent shrinkage Losses
Increased supply chain visibility
Quicker product demand–supply forecast

Inventory Control Market Intelligence

Are you looking for answers on Inventory Control category?

Are you looking for answers on Inventory Control category?

Over 50,000+ users trust Beroe

Inventory Control Category Intelligence

Report Coverage

Inventory Control Market Trends

Table of contents

Want a more detailed personalised report?

Industry Outlook & Drivers

Global Market Outlook on Inventory Control

Inventory Counting: Techniques

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Offerings

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Inventory Control Market Intelligence

Are you looking for answers on Inventory Control category?

Are you looking for answers on Inventory Control category?

Over 50,000+ users trust Beroe

Inventory Control Category Intelligence

Report Coverage

Inventory Control Market Trends

Table of contents

Want a more detailed personalised report?

Industry Outlook & Drivers

Global Market Outlook on Inventory Control

Inventory Counting: Techniques

Top Suppliers

Related Categories

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