Dispose of stock and reduce unsold items efficiently
Having access to a single view of stock is step number one towards offering an array of possibilities to your consumers on every touchpoint. Step number two for better stock management is being able to assign the desired fulfilment method based on the strategy which the business has decided to pursue. Examples could be using the store closest to the customer as a “dark store” for home delivery or using the warehouse if that one is the closest. Step number three is having the ability to automate those scenarios so that your teams can focus on selling and delivering the best service to your consumers.
The combination of those solutions will enable you to work out optimised selling strategies in order to sell stock efficiently. Personalisation tools can, for instance, prioritise unsold or discounted items on different touchpoints to encourage consumers to buy those first.