Retail replenishment is a little like juggling: it requires a lot of multitasking, a good deal of precision, and excellent timing.
At first, retail replenishment can be frustrating — between forecasting demand, calculating how much stock to reorder, timing your purchase, and determining product allocation across channels and different locations, it is easy to accidentally end up with too much or too little stock.
Multichannel merchants may find retail replenishment particularly challenging, as different channels might move different inventory items at different rates.
However, like juggling, retail replenishment can get easier the more you do it. With best practices, inventory management software, and the right partner, a merchant can learn how to replenish their inventory and keep their supply chain moving with minimal hassle.
In this article, we’ll cover what retail replenishment is, why it’s important, strategies that you can use to replenish your stock, and how retail replenishment fits into the supply chain.
