: an act, process, or methodology of making something (such as a design, system, or decision) as fully perfect, functional, or effective as possible
Inventory is expensive.
Too much inventory is more expensive, but too little ruins customer satisfaction.
We make your investment as effective as possible…the essence of optimization.
Remember “just-in-time?” It was all the rage in the 80’s when we first learned how the Japanese managed their assembly lines. Our astute founders had the notion this same concept could apply to grocery supermarkets. But, there are few similarities between grocery store and an assembly line. A manufacturer can easily put a finite number on the volume of finished goods they’d like to produce. It’s just simple math at that point to determine when and how much raw material to order.
In grocery and convenience stores, the HOW MANY is the hardest part to establish. We’re talking about the fickleness of the end consumer, and their purchasing choices are as established as, well, they aren’t. Sales, coupons, new items, loyalty (or lack thereof) at any level, all contribute to the fact that the consumer demand forecast just isn’t that easy to figure out.
At Itasca Retail, we have, and you get to take advantage of it.
“Our long-established Artificial Intelligence and Machine Learning capabilities forged movement into new territory. Many other vendors and retailers alike had tried to solve the varied inventory problems that plagued the industry – and failed. We didn’t and we continue to wow our customers with fantastic results.”
There’s lots more to learn, but if you’d like to hear more, we’re ready! Our applications do a lot, and we’re excited to tell you more.