In 2023, the total cost of inventory distortion is projected at $1.77 trillion, down $172 billion from 2022 with out-of-stocks accounting for $1.2 trillion and overstocks totaling $562 billion. IHL has been tracking retail inventory distortion and the true cost of out-of-stocks and overstocks for 17 years. Inventory distortion worldwide is a critical issue that continues to plague retailers worldwide, causing significant financial losses and operational challenges. Download this report to learn more about the total costs of out-of-stocks and overstocks worldwide and by region, the root causes, what is working and not working, as well as the key solutions that are moving the needle; also learn how AI/ML and Generative AI are already adding value and then what the future holds for impact on inventory distortion. Download the IHL report now “Inventory Distortion – The Good, the Bad, the Ugly” and learn where progress has been made (the Good), the huge issues that remain for optimization (the Bad), and still other issues that are getting worse (the Ugly).
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How AI-Enabled Planning Will Improve Your Supply Chain Performance
Extreme volatility, inventory shortages and data overload are all challenges businesses are facing when it comes to supply chain planning. AI-enabled planning capabilities can address these challenges by improving decision-making, agility, and collaboration across supply chain functions.Synchronize Your Supply Chain Execution
By synchronizing supply chain execution across orders, warehouse and transportation, businesses are able to revolutionize their operations and achieve unprecedented efficiency, resiliency and agility. Read our e-book to learn about opportunities available for your organization.Beyond Silos: Evolving to an Enterprise Supply Chain
Incisiv explores the significant transformation underway in modern supply chains, detailing the shift away from fragmented processes and point solutions to more agile platforms and collaborative workflows. This evolution addresses systemic issues such as inflexibility and disconnected communication, enhancing supply chain responsiveness, sustainability, and profitability. - AboutBlue Yonder at a Glance
Blue Yonder at a Glance