Initial Pilots Indicate New Solution Can Help Manufacturers and Retailers Reduce Out-of-Stocks by as Much as 30%
Over $6 billion dollars is drained from the CPG and retail industry every year in the U.S. because of out-of-stocks, according to estimates from the Grocery Manufacturers of America — six billion that the industry can ill afford. The out-of-stock problem remains one of the central barriers to improving profits and margins for CPG manufacturers and retailers alike. To address this long-standing challenge, Information Resources, Inc. (IRI) today unveiled its breakthrough Out-of-Stock Monitoring™ solution.
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