A new definition for stock accuracy in the retail sector
In retail stores, accurate stock information at all times is key to guarantee that products are available at the right store at the right time. The quality of a retailer’s stock information is often expressed as a percentage: stock accuracy. Does this number represent product (un)availability?
In this white paper, we will first analyze what is meant with ‘stock accuracy’ and then take a close look at the existing methods to calculate stock accuracy. Finally, we will introduce a new definition to calculate the stock accuracy that suits the retail sector.
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