Executive Briefings

RedPrairie Debuts Store Forecasting for Inventory and Labor

RedPrairie Corp. has developed a new application for synchronizing inventory and labor-planning processes. Store Forecast provides a single demand stream based on store-level item transactions. It triggers inventory replenishment by operating on demand signals from point-of-sale (POS) data. The tool also combines with execution management for events such as promotions, to managing scheduling and various tasks through workforce management. RedPrairie said it had identified a disconnect between labor and inventory which was negatively affecting the customer shopping experience, typified by out-of-stocks. The leading cause of that glitch turned out to be a lack of scheduled employees to shelve products and assist customers once the product reached the storefront, RedPrairie said.

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RedPrairie Corp. has developed a new application for synchronizing inventory and labor-planning processes. Store Forecast provides a single demand stream based on store-level item transactions. It triggers inventory replenishment by operating on demand signals from point-of-sale (POS) data. The tool also combines with execution management for events such as promotions, to managing scheduling and various tasks through workforce management. RedPrairie said it had identified a disconnect between labor and inventory which was negatively affecting the customer shopping experience, typified by out-of-stocks. The leading cause of that glitch turned out to be a lack of scheduled employees to shelve products and assist customers once the product reached the storefront, RedPrairie said.

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