Multichannel, Multibrand Internet and Catalog Retailer Reduces Out of Stocks and Markdown Profitability
A multichannel, multibrand internet and catalog retailer retained BRG professionals to address an inefficient inventory management process. The team was tasked with driving significant improvements in a partially implemented replenishment system and filling gaps resulting from an absence of planning systems/tools to monitor and guide purchasing.
The team reviewed the current replenishment system and processes and conducted training on key settings and configurations. Project outcomes included extensive raining on order management best practices, implementation of a tracking process for obsolete inventory, improvements in the open-to-buy process, and significant process improvements to the assortment planning process.