Inventory status and condition data held in separate logistics, procurement, and merchandising systems with limited ability to commit inventory quickly in view of revenue potential and opportunity costs to meet store and direct-to-customer orders.
Goals and Objectives
Continuous anticipatory commitments of item- to pallet-level inventory based on real-time visibility of logical (e.g., safety stock), location, and physical status against orders and forecasts, visible to all ordering, supplying, and viewing channels, devices, and roles in support of optimal order fulfillment.
Cloud, industry cloud, IoT, prescriptive trade-off analytics, artificial intelligence, machine learning, block chain, inventory management apps, mobile devices
Use Case Summary
Real time visibility to product inventory in physical and virtual stores / facilities enabled by IoT and collaborative supplier relationships. This improves omni-channel order orchestration and fulfillment service levels and return on inventory investment.