Implementing a Retail Inventory Management (RIM) Program: Getting Started

In part one of this series on Retail Inventory Management (RIM) planning, we covered the importance of having an effective strategy and considerations for implementing a robust technology solution. Now let’s dig a little deeper and look at what steps you can take to successfully plan, implement, and roll out a strategic RIM program. While […]

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Modern Retail Inventory Management Strategy: Why You Need it

Whether your organization is just starting its Retail Inventory Management (RIM) program, or you’ve outgrown your in-house solution, it is imperative to have a comprehensive strategy in place. It is about understanding what an effective RIM program entails, why it’s essential for OEMs today, and what benefits you can expect to see—at the OEM, dealer, […]

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Post Pandemic Inventory Management, 3 Tips to Survive

The Impact of Covid on the Supply Chain Although the restaurants and stadiums are starting to fill back up around the globe, many manufacturers are still experiencing the impact of significant supply chain disruption. In 2020, some companies saw huge increases in demand for products as others experienced a sharp drop in sales. While many […]

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Why Use Spare Parts Inventory Management Software?

While we’ve spent on a lot of time here on the blog explaining why optimizing your spare parts inventory is so important, this week we thought it might be good to take a step back and look at one specific aspect at a higher level: Why should you use spare parts inventory management software? As […]

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Back to Basics: The Fundamentals of Retail Inventory Management, Part Two

Welcome back to the fifth and final installation in our Back to Basics series. Today we’re wrapping up our discussion of Retail Inventory Management (RIM), picking up where we left off last week. If you need to catch up, here’s everything we’ve covered so far: Price Optimization Inventory Optimization, Part One and Part Two Retail […]

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Back to Basics: The Fundamentals of Inventory Optimization Part One

As manufacturers around the world navigate the ‘new normal,’ optimized after-sales service operations are becoming more important than ever. In fact, according to a recent Deloitte report, after-sales service continues to be a “consistent revenue source and profit stabilizer” and the manufacturers that place an increased focus on service have “outperformed their peers and exited […]

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3 Benefits of Inventory Optimization in a Contracting Economy

Around the world, the spread of COVID-19 is creating economic uncertainty for families, communities and businesses. One thing we can all agree on, however, is that we want to emerge from these times sooner, stronger and more resilient than ever. For Original Equipment Manufacturers (OEMs) and suppliers specifically, decisions they make today will determine how […]

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