Almost Half Of Retail Grocery Store Managers Are Just Guessing About Their Inventory

It’s the age of big data. Enormous amounts of bits and bytes are being stored in endless rows of servers in colossal data centers located throughout the world.  Executives and business owners are using this unprecedented wealth of information to manage their operations with unprecedented accuracy. And, of course, these managers are using this data to automate workflows and processes for inventory management, replenishment and pricing.

Or not. As reported in FoodBev Media, it appears that the typical manager of a retail shop is pretty much guessing.

Blue Yonder, a retail tech company, surveyed 750 grocery managers and directors in the U.S., U.K., Germany and France. Forty-six percent of those directors said replenishment of their inventories is a manual process and a further 46 percent say that even when the process is automated it can be overridden by managers, suggesting a reluctance to rely on automation. The most disturbing metric: 48 percent said they use a “gut feeling” when making inventory decisions.

To read the rest of the story, please go to: Washington Post