Inventory Planning and Control

Inventory planning and control in Retail and F&B operation requires a unique approach.

For that RID strong background in the industry deliver best-in-class inventory planning and control solutions.

The main factor behind the success of inventory planning and control relies on the proper assignment of products classic hierarchy coding, by department, class, subclass, color, etc. as well as adding meaningful attribute coding across product categories.  This detailed coding allows for the efficiency of the level of performance analysis which identifies where the real problems and opportunities in adjusting the assortment exist.

RID has been successful in working with clients to establish these coding hierarchies and in establishing systems and processes to ensure that forward sales projections by product category have high levels of accuracy and that inventories planned, and purchases made are spot on to what is required for optimization of sales and gross margin.

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