Vendor Managed Inventory ECOMMERCE TOPICS

Did you know that 70% of businesses struggle with inventory management, leading to inefficiencies and increased costs? In a world where agility and efficiency are paramount, companies are finding themselves in a race to optimize their supply chains. Take, for example, ShopSmart, a retail giant in Australia specializing in household goods. Last year, they faced challenges with excess stock and missed sales opportunities due to ineffective ordering processes. After implementing Vendor Managed Inventory (VMI)...