Costs of Inventory Distortion

shutterstock_1958414-300x200Who is to blame for inventory distortion? In a 14.5 trillion dollar retail economy there is still much to be desired with revenue opportunities being left on the table. With approximately 1.1 trillion dollars of worldwide-lost sales opportunities to inventory distortion there is no question as to why there are major concerns. Leading causes of lost sales consist of internal process failure, personnel issues, data disconnect and supplier issues, which make up 84% of the problem. The total cost of inefficiencies equate to losses equivalent of increasing same store sales by 11.7%. With such massive revenue opportunity the retail industry needs a single platform that can manage their complex ecosystem and put the product back on the shelf.

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