Finding Solutions for Retail's Inventory Problem

Finding Solutions for Retail's Inventory Problem

Assessment

Interactive Video

Business, Biology, Information Technology (IT), Architecture, Life Skills

University

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

The video discusses the challenges of inventory management in the retail industry, particularly in fast fashion. It highlights the issues faced by companies like JCPenney and H&M due to inefficient inventory systems and contrasts them with successful strategies employed by Zara. The video introduces a B2B software platform designed to improve inventory visibility and management, emphasizing the need for technological and cultural shifts in retail. It also explores the financial benefits of efficient backend systems and the importance of timely decision-making in inventory management.

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3 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

How can retailers ensure they do not face inventory crises in the future?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the consequences of not having a proactive inventory management system?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

Why do some retailers struggle with inventory management despite having access to technology?

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OFF

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