Discrepancies between inventory records and what’s actually available on store shelves and in warehouses are all too common. Retailers end up with “phantom inventory.”
While some retail supply chain leaders may initially feel hesitant about investing in achieving RAIN-tagging compliance, doing so can deliver significant upside potential.
Moving from risk-reduction mode (defense) to opportunity-creation mode (offense) requires a mindset change and more advanced processes, technologies and talent.
As we’ve seen over the last few years, planning and forecasting alone haven’t been enough to deal with the delays and shortages rippling through global supply chains.