Checklist for product availability

Today’s consumers expect reliable product availability and sustainable operations. However, many manufacturers and retailers struggle to meet these requirements, while also being profitable and minimizing waste at the same time. Supply chain leaders often face seemingly contradictory goals. How can they deal with them?

According to research by IHL Group, problems with on-shelf availability cost the global retail sector around US$634 billion per year. Poor data and lack of insights are often major causes of these product availability issues. Consumer packaged goods (CPG) suppliers struggle to access and utilize the correct insights at crucial moments.

It is not enough to have the right IT systems in place to support your demand planning and supply planning processes. It is also necessary to effectively navigate trade-offs (e.g. meeting a sudden increase in customer demand while reducing inventory costs). The conflict of such seemingly contradictory goals stems from the actions we think are necessary to achieve them. The solution for resolving this lies with the people and processes in your company. Ensuring they work together effectively is key to getting the most out of your IT systems and really creating value from data.

Download the ‘Checklist for product availability’

Are you interested in maximizing product availability? Do you want to reduce waste for a more sustainable operation, while improving your bottom line and the customer experience? Do you want to free up your most valuable employees? Supply Chain Company and Supply Chain Movement have created a practical checklist for product availability that helps companies create the right conditions to achieve resolutions for conflicting goals in supply chain and demand planning.

Find more checklists of Supply Chain Movement here >>