Need:
Our client, rue21 had been executing 2
company-wide physical inventories every year. These took the focus away from daily management and delayed key sales trend data.
Seasonal trend and sales data did not become available right away
Stores with
high shrink were difficult to identify in a timely manner
The inventory process was
not scalable based on rue21’s growth
RGIS’ experts worked with rue21 to
develop and transition to their new inventory program.
Solution:
The RM2 scanner replaced the paper inventories that rue21 previously held.
The company-wide inventories are now held cyclically
throughout the year.
Results:
Sales forecasting improved, which allowed rue21 to get smarter about purchasing. RGIS reduced the cost of inventories and improved accuracy. Additionally, rue21 is now able to
inventory high shrink stores several times per year.
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Inventory count time was reduced by 1 hour
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Piloting and rolling out
new inventory processes became easier with more frequent cycle
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Real-time data allowed for shrink issues to be identified and resolved more quickly
Related Service: Retail Physical Inventory