Watch our inventory planning webinar recording now to see how a data-driven inventory demand planner can help release capital tied up in inventory without compromising sales growth.
Having healthy cash flowing into a business is critical for its survival and growth. Unfortunately, a number of different factors can impact cash flow negatively and make it difficult to get through hard times or invest in a growth plan. If you’re feeling this type of pain currently, optimizing the cost hold in your inventory is the perfect place to start, with nearly 70% of cash often tied up in inventory.
The key is to ensure the right balance between having enough stock that meets customer demand but not having too much inventory on products that aren’t moving. To achieve that, you need full visibility into your inventory performance. That’s where an intelligent, data-driven inventory planning system comes in. Based on historical inventory performance, know if too much cash is carried in inventory, where to reduce inventory cost, and how much inventory is needed to grow sales.
The key is to ensure the right balance between having enough stock that meets customer demand but not having too much inventory on products that aren’t moving. To achieve that, you need full visibility into your inventory performance. That’s where an intelligent, data-driven inventory planning system comes in. Based on historical inventory performance, know if too much cash is carried in inventory, where to reduce inventory cost, and how much inventory is needed to grow sales.
In this 25-minute webinar, we'll cover:
- The impact of inventory on cash flow
- Key KPIs used in inventory demand planning
- How Brightpearl’s inventory demand planner supports healthy cash flow
- Q&A
About Brightpearl
Brightpearl is a retail operations platform for retailers, brands and wholesalers. Our mission is clear: automate all the operations behind the buy button so merchants can spend their time and money growing the business.
Brightpearl’s complete back-office solution includes inventory and sales order management, financial management, purchasing and supplier management, CRM, fulfillment, warehouse, and logistics. In addition, the solution has high-performing connectors to the major ecommerce platforms, including Shopify, BigCommerce and Magento. Over 1,200 businesses in 26 countries use our platform. We manage over 10m transactions and $3bn of business a year.
