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Inventory Replenishment: How A Retail ERP System Can Improve Accuracy

Drawing from historical and vendor performance data, retail ERP solutions can help create an optimal replenishment system similar to a just-in-time (JIT) strategy. JIT fulfillment, a production control system that reduces carrying costs and inventory stock-outs while meeting product demand, is a term more often used in the manufacturing environment than in retail. Here's why: Engineers are able to calculate how much an assembly line at a manufacturing plant can produce at any given point. Automotive manufacturers, for example, are able to increase or decrease car production "just in time" according to the vehicle production orders they receive.

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