Retail Sales Increasing

Despite uncertain economic reports, retailers are expected to report increased sales, according to an article in the WSJ.  Of interest to this blog, the article noted retailers have been doing a good job of managing inventories in a difficult environment.  As we work with our clients, a great deal of emphasis has been placed on forecasting sales demand and identifying out of stocks.  We have blogged a lot about how to use EDI 852 and point of sale data to manage inventory effectively, and now is a great time to get started if your organization is not fully using data to improve your business.  With instock rates in the 98% range, a vendor still has the opportunity to increase sales significantly with better inventory management.  Don't miss your opportunity to get that last 2 or 3% of sales.