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Advancing Retail Supply Chain: AI Solutions for Shelf Availability and Phantom Inventory
In today's fast-paced retail landscape, ensuring product availability on store shelves is critical for both customer satisfaction and revenue preservation. A recent insightful talk by a Staff Engineer in Data Science at Kinu, a prominent consumer health company, delved deep into the fundamental challenges of shelf availability and phantom inventory, showcasing how AI-driven solutions are transforming retail operations.
Understanding the Core Problems: Shelf Availability and Phantom Inventory
The presentation opened by highlighting two pervasive issues in retail: