What does optimum product availability mean?
The optimum availability of goods describes the state in which a company can provide the right quantity of goods at the right time to meet customer demand - without bottlenecks or excess stock.
Importance of optimal product availability in food retail and gastronomy
Optimum availability of goods is crucial, particularly in food retailing (LEH), the food service industry and bakeries. Fresh products such as baked goods, fruit or meat must be sufficiently available at all times - otherwise there is a risk that customers will turn away because their desired items are not in stock.
The consequences:
- Loss of sales due to abandoned purchases
- Loss of image due to poor availability of goods
At the same time, it is important to avoid overstocking, as this not only leads to a loss of quality, but can also cause food waste.
How artificial intelligence optimizes the availability of goods
Predictive and data-based inventory management is essential to ensure optimal availability of goods. Artificial intelligence (AI) can play a central role here:
- AI systems analyze real-time and historical sales data
- They create precise demand forecasts that help to better estimate actual demand
- The automation of planning processes reduces the workload on staff and optimizes warehousing
The result is a balanced inventory that does not lead to shortages or surpluses - and therefore increases both customer satisfaction and profitability.
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