We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

Walmart Takes Another Attempt At Improving Inventory Management

November 23, 2015: 12:00 AM EST
Walmart is revamping its inventory by reducing the number of stock-keeping units. During the past year, the retailer has removed about 15 percent of its store displays and around 2,500 items from its store shelves. Walmart’s attempt in 2009 to rationalize its inventory failed because its SKU-reduction plan failed to consider what customers wanted. To make sure it does not repeat its mistake, Walmart’s inventory management plans include widening aisles up to 10 feet and revising restock times to make sure shelves do not run out of popular products. To ensure the success of its revised stocking strategy, Walmart should consider several methods, including transferability of demand, loyal customer analyses, and what-if and cross-shopping analyses.
Bryan Pearson, "Walmart inventory cuts – 5 ways to make room for the best shoppers", Retail Customer Experience, November 23, 2015, © Networld Media Group, LLC
Domains
RETAIL BUSINESS
Consumers
Marketing
Operations
Strategy
Geographies
Worldwide
North America
United States of America
Categories
Companies, Organizations
Consumers
Marketing & Advertising
Products & Brands
Developed by Yuri Ingultsov Software Lab.