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with Out-of-Stocks

 

 

“We’ve really focused on staying in stock, but we’re still having too many stock outs. Walk our sales floor or look at our Open Customer Backorder Report and you know that we’ve still got work to do to improve our in stock position. Can you help us?” 

 

 

Yes We Can!

 

Out of stocks sap the momentum from any retailer. They rob irreplaceable sales and gross profit dollars from the business, demoralize salespeople and irritate customers when they can’t get what they need when they need it.

The challenge in addressing out of stock issues is to identify and correct the specific problems without simply adding an extra layer of inventory. We’ll take the time to listen to you and learn about your business, and get your input on the specific source of the problem. We’ll dig into specific out of stocks situations, to find the common thread. We’ll review your replenishment parameters to be sure they're just right. Finally, we’ll make specific recommendations on steps you can take to minimize out of stocks, and we’ll help you implement those steps.

 

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Hurlbut & Associates is a retail consulting and business advisory firm which focuses on strategic, operational, merchandising and inventory management issues. Our retail clients leverage our  expertise to increase sales, margins, profitability and cash flow.

 

Related Reading:

"The Beginning of Superior Inventory Management - Accurate Demand Planning and Forecasting"

"Planning: The Root Cause of Many Small Retail Inventory Problems"

 

 

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