Retailers must have the merchandise that customers want when they come in to shop. But retailers who hold too much inventory risk overstocks and costly markdowns, presenting an even greater problem when the cost of capital needed to fund inventory is high. Effective inventory management is critical to retailers’ profitability.
The traditional success factors of reducing cost, optimizing inventory, improving shelf availability and increasing sales and margins are more crucial to retailers today than ever before, yet retailers continue to lack accurate insight into their perpetual inventory. A Harvard Business School study found that 65% of the time the reported perpetual inventory was inaccurate.
Because retailers make re-stocking decisions every day based on that incorrect inventory system, they repeatedly experience costly out-of-stocks or overstocks.
Merchandise Visibility enables retailers to:
Checkpoint’s Merchandise Visibility Solution leverages the combined strengths of the company, built from a rich heritage in shrink management, to provide retailers with a complete, turn-key solution for merchandise visibility.