{"id":42687,"date":"2021-06-08T20:01:00","date_gmt":"2021-06-08T20:01:00","guid":{"rendered":"http:\/\/sticky-highjinx.flywheelsites.com\/?p=42687"},"modified":"2025-03-04T01:35:59","modified_gmt":"2025-03-04T06:35:59","slug":"how-accurate-is-your-inventory-visibility-why-real-time-visibility-is-vital-across-the-supply-chain","status":"publish","type":"post","link":"https:\/\/envistacorp.techyscouts.dev\/en-au\/2021\/06\/08\/how-accurate-is-your-inventory-visibility-why-real-time-visibility-is-vital-across-the-supply-chain\/","title":{"rendered":"How Accurate is Your Inventory Visibility? Why Real-Time Visibility Is Vital Across the Supply Chain"},"content":{"rendered":"Reading Time: <\/span> 2<\/span> minutes<\/span><\/span>\n

Inventory has far-reaching implications \u2013 impacting margins and profitability, fulfilment timeframes and customer service. Inventory costs have risen every year since 2012 with most retailers and distributors still struggling to have the right SKU in the right place, in the right quantity and at the right time to meet the demands of their customers.<\/p>\n\n\n\n

Rising Consumer Expectations<\/strong><\/h2>\n\n\n\n

As consumer expectations and requirements continue to increase, the need for real-time visibility and access to product and customer information has also grown exponentially. Companies realize that the process of offering customers the ability to shop anywhere and fulfill anywhere is complex as technology and consumer behaviours continue to evolve. A new model is necessary to succeed, and the new model requires an unprecedented level of agility. The key to profitability and competitive advantage is to map out a comprehensive, customer-centric strategy and vigorously execute against the plan.<\/p>\n\n\n\t\t

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\n\t\t\t\n\t\t\t\tIncrease ROI Through Successful Warehouse Slotting\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t
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A well-thought-out slotting strategy also enables businesses to minimize wasted space and maximize storage capacity within the warehouse. Increase ROI using the right tools, strategy and management plan with successful warehouse slotting.<\/p>\n\t\t<\/div>\n\t\t\n\t\t\n\t\t\tDownload\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/article>\n\t\t\t\t<\/div>\n\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t\n\n\n\n

Importance of Real-Time Retail<\/strong><\/h3>\n\n\n\n

Real-time retail \u2013 the ability to instantly identify the customer and gather, analyse, and disseminate customer, product, pricing and inventory data across channels \u2013 is imperative to improving customer engagement. Without real-time data, any information provided internally and externally is out-of-date and therefore risks being inaccurate and out of context.<\/p>\n\n\n\n

It is impossible to accurately manage inventory<\/a> across the supply chain without real-time enterprise inventory visibility<\/a>. Many organisations can check inventory, but the inventory data they are able to access is from yesterday (the rearview mirror), versus the real-time data required for an enhanced customer experience (right now). Companies that leverage a real-time unified commerce platform can access all inventory available to promise (ATP) across the retail enterprise in real-time (stores, distribution centers, suppliers, and third-party logistics providers).<\/p>\n\n\n\n

For more information on real-time visibility across all stages of the supply chain, download the Real-Time Visibility Special Report<\/a> based on enVista\u2019s 2021 Inventory Optimization<\/a> Survey.<\/p>\n","protected":false},"excerpt":{"rendered":"

As consumer expectations increase, the need for real-time visibility to product and customer information has also grown exponentially.<\/p>\n","protected":false},"author":22,"featured_media":42688,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","_searchwp_excluded":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[3475],"tags":[3912,3540,3509],"class_list":["post-42687","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-consumer-goods","tag-inventory-management","tag-supply-chain"],"acf":[],"yoast_head":"\nWhy Real-Time Inventory Visibility Matters | enVista<\/title>\n<meta name=\"description\" content=\"As consumer expectations increase, the need for real-time visibility to product and customer information has also grown exponentially.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/envistacorp.techyscouts.dev\/en-au\/2021\/06\/08\/how-accurate-is-your-inventory-visibility-why-real-time-visibility-is-vital-across-the-supply-chain\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Real-Time Inventory Visibility Matters | enVista\" \/>\n<meta property=\"og:description\" content=\"As consumer expectations increase, the need for real-time visibility to product and customer information has also grown exponentially.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/envistacorp.techyscouts.dev\/en-au\/2021\/06\/08\/how-accurate-is-your-inventory-visibility-why-real-time-visibility-is-vital-across-the-supply-chain\/\" \/>\n<meta property=\"og:site_name\" content=\"enVista Australia\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-08T20:01:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-04T06:35:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/envistacorp.techyscouts.dev\/en-au\/wp-content\/uploads\/sites\/4\/2021\/06\/shutterstock_525896389_optimised.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"2000\" \/>\n\t<meta property=\"og:image:height\" content=\"1123\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"enVista Marketing\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enVista Marketing\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Why Real-Time Inventory Visibility Matters | enVista","description":"As consumer expectations increase, the need for real-time visibility to product and customer information has also grown exponentially.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/envistacorp.techyscouts.dev\/en-au\/2021\/06\/08\/how-accurate-is-your-inventory-visibility-why-real-time-visibility-is-vital-across-the-supply-chain\/","og_locale":"en_US","og_type":"article","og_title":"Why Real-Time Inventory Visibility Matters | enVista","og_description":"As consumer expectations increase, the need for real-time visibility to product and customer information has also grown exponentially.","og_url":"https:\/\/envistacorp.techyscouts.dev\/en-au\/2021\/06\/08\/how-accurate-is-your-inventory-visibility-why-real-time-visibility-is-vital-across-the-supply-chain\/","og_site_name":"enVista Australia","article_published_time":"2021-06-08T20:01:00+00:00","article_modified_time":"2025-03-04T06:35:59+00:00","og_image":[{"width":2000,"height":1123,"url":"https:\/\/envistacorp.techyscouts.dev\/en-au\/wp-content\/uploads\/sites\/4\/2021\/06\/shutterstock_525896389_optimised.jpeg","type":"image\/jpeg"}],"author":"enVista Marketing","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enVista Marketing","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/envistacorp.techyscouts.dev\/en-au\/2021\/06\/08\/how-accurate-is-your-inventory-visibility-why-real-time-visibility-is-vital-across-the-supply-chain\/#article","isPartOf":{"@id":"https:\/\/envistacorp.techyscouts.dev\/en-au\/2021\/06\/08\/how-accurate-is-your-inventory-visibility-why-real-time-visibility-is-vital-across-the-supply-chain\/"},"author":{"name":"enVista Marketing","@id":"https:\/\/envistacorp.techyscouts.dev\/en-au\/#\/schema\/person\/c938d19b1c760a4e1c353086018cb894"},"headline":"How Accurate is Your Inventory Visibility? 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