The Internet has made it easy for shoppers to check competing stores for merchandise. With inventory management more important than ever, 83% of online retailers have real-time inventory assessment on their product pages. Shoppers at three-quarters of online retail Web sites can also see if an item is in stock when using a virtual shopping cart.
Retailers with both online and offline stores are now concerned with maintaining a synchronized inventory for both.
Respondents to a Retail Systems Alert Group survey cited efficient inventory allocation as among the key opportunities for creating customer satisfaction. Over half of retailers selected synchronizing customer and inventory information as a high priority.