In the retail industry, customer experience, service and satisfaction are considered as key differentiators. Increased competition has resulted in building further pressure on retailers to enhance inventory turnover,customer service and eventually, customer satisfaction. When shoppers visit store outlets, they typically search the shelf for specific items to purchase and if they do not find, it leads to multiple chain of issues and loss of revenue.
Download the Phantom Inventory Whitepaper to Learn More:
- Impact of Phantom Inventory and main causes for it.
- Various ways to mitigate phantom inventory including technology, AI and human approach
- Leveraging AI approach to gain high accuracy predictions for stockouts