Project Description

Getting to Global: Managing Inventory in a Unified Commerce World

Getting to Global: Managing Inventory in a Unified Commerce World

Appropriate levels of inventory in the ‘right’ places will drive sales and can become a strategic differentiator. At the same time, too much inventory will consume working capital and prohibit long term growth. When an organization branches into multiple channels across a wide geography, inventory will often proliferate, as each group acts independently to secure enough product to achieve their sales objectives. This situation ultimately erodes profits and impacts the brand’s viability in the marketplace.

Inventory is the lifeblood of any retail or consumer brand company.

Successful retailers and brands manage inventory globally, as a shared asset, a ‘common pool.’ They are able to leverage inventory in a way that maximizes sales and profits, regardless of channel or even region of the world.

In this point of view, we outline the typical challenges Parker Avery observes relative to effectively managing inventory across channels and throughout different geographies. We then delve into specific methods companies can use to free up their inventory to be most productive and profitable for the entire organization.