Optimum availability of goods

What does optimal product availability mean?

Die optimal availability of goods describes the state in which a company at the right time suitable quantity of goods can provide to meet customer demand as needed — without bottlenecks or overstocks.

Importance of optimal availability of goods in food retail and catering

In particular in Food trade (LEH), in the gastronomy or with bakeries Optimum availability of goods is crucial. Fresh products such as baked goods, fruit or meat must be sufficiently available at all times — otherwise there is a risk that customers will migrate because their desired items are not in stock.

The consequences:

• Sales losses due to purchase cancellations
• Image loss due to poor availability of goods

At the same time, to avoid overstocks, as these are not only loss of quality lead, but also food waste may cause.

How artificial intelligence optimizes product availability

In order to ensure optimal availability of goods, a predictive and data-based inventory management essential. Artificial intelligence (AI) can play a central role here:

• AI systems analyze real-time and historical sales data
• They create precise demand forecaststhat help to better assess actual needs
• By automating planning processes, staff is relieved and warehousing is optimized

The result is a balanced inventory, which leads neither to shortages nor to surpluses — and therefore both customer satisfaction as well profitability increases.