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Sharing Data Helps Suppliers, Retailers Solve Inventory/Replenishment Problems

October 22, 2013: 12:00 AM EST
A study of retailer/supplier shared data finds “compelling ROI benefits”, including the fact that an increasing number of companies are standardizing on a single approach or technology. At a recent webinar that discussed the study’s findings, executives at Safeway and Kraft shared a case study that focused on Kraft product inventory at the grocery retailer, especially the problem of weekend out-of-stock inventory. Putting their heads together, the companies, along with RSi, were able to predict out-of-stocks by item by store. A one-week test of Planters Peanuts led to a reduction of out-of-stocks by 2.67 percent and an overall sales increase of 38 percent, as well as new inventory and replenishment management strategies.
"Kraft, Safeway Reap Benefits from Data Sharing", Consumer Goods Technology, October 22, 2013, © Edgell Communications
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