Lief True Stock is a demand-forecast inventory ordering system that allows you to have optimal stock levels with consistent replenishments.
Did you know that brands lose out on millions of dollars of lost revenue every year due to Lost Sales? Lost sales equals days a product is out of stock multiplied by the average or expected sales rate. This lost opportunity cost is hard to track and often overlooked by companies as the impact is greater than just lost revenue.
Overstock costs the average retailer around 2.6% in lost revenue. This comes from having too much product on hand that you are paying storage fees, interest, and running promotions to increase sell through.
However, Understock costs the average retailer nearly double that at 4.9% in lost revenue. Expenses such as, rush fees, missed sales opportunities, and favorable pricing are the more visible impacts. The true impact comes from penalties on your ranking from companies like Amazon, lost consumer loyalty, cancellation of subscriptions, and having to increase marketing spend to regain sales momentum.
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