Can You find the Profit in Your Data
A recent report by the National Resources Defense Council found that grocery stores and other food stores are losing up to $15 billion a year in unsold fruits and vegetables. The losses are magnified by additional pains in the grocery market: consumers’ demand for more local food options, expansion of organic foods, specialty produce, and availability of products year-round.
The grocery industry faces major challenges in successfully managing their supply chains. There is a lot of waste in grocery, food service and food wholesale. How much could be prevented with better demand forecasting, inventory replenishment and supply chain visibility?