A situation in which an item is out of stock.
- This high-level forecasting results in store-level stock-outs among retailers and dissatisfied consumers.
- This system reduces the need for retailers to stockpile large inventories of a growing range of products, thereby reducing their risk of stock-outs, markdowns, and inventory carrying costs.
- Collaboration also improves customer service by reducing stock-outs, giving consumers what they want when they want it and creating the opportunity for significant results to top line sales and bottom line profits.
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