Inventory Replenishment: Definition, Explanation, & Best Practices
Shoppers know the disappointment of planning a shopping trip around a specific product they’ve come to know and love just to arrive at an empty shelf, and the brands that stock those shelves also know how much these experiences can not only cost them in lost sales, but also lost brand loyalty and trust on behalf of the customer. That’s why having a robust inventory management protocol in place is so critical for growing brands.