Today’s retail customer requires product to be in stock and at their doorstep faster than ever. What inventory strategy should be taken when adapting an existing, centralized supply chain network to one that includes multiple regional fulfillment centers? This JSC white paper discusses an effective approach for addressing the challenges of meeting inventory demands in a modern supply chain network utilizing the ‘Square Root Law’. Excerpts from the White Paper are as follows: “To be competitive in a modern sales environment, retailers must be agile in their ability to adapt to the needs of today’s customer. This means faster and cheaper shipping, as well as an excellent in-stock selection. Retailers must be hyperfocused on the location of their customers and how their regionality is changing and growing. The simple truth is that most retailers will need to locate inventory within a 2-day shipping radius, or less, to reach customer expectations."
About Johnson Stephens Consulting Johnson Stephens Consulting is a supply chain operations consulting and integration firm that provides practical, interactive, consulting assistance to retailers, wholesalers, e-commerce/direct to consumer companies, 3PLs, and consumer products distributors. Our focus is to provide our clients with the most cost-effective, service focused solutions for supply chain operations. Services include supply chain strategy, supply chain execution systems, facility design and implementation, and operations improvement. Founded in 2003, JSC professionals have completed over 400 projects and served over 200 different organizations. Click here to see our full list of supply chain services. For more information about the Square Root Law subject matter, contact: Bradford Shoemaker For general inquiries, contact: 678.842.9114
The Square Root Law: A Modern Answer to a Modern Inventory Worry
Senior Supply Chain Consultant
770.635.5775
BradfordShoemaker@JohnsonStephens.com
info@JohnsonStephens.com