JIT manufacturing

In the digital age, data is a currency all on its own. The retail sector has lagged in leveraging the value of real-time data, due to a number of factors. However, given the current economic climate, they can no longer afford the luxury of remaining in the dark. The power of data is revealed through near real-time analytics, and it can deliver incredible benefits for the retail sector. Harnessing the power of daily sales and stock on hand data is the missing link in enabling Just in Time (JIT) manufacturing – the panacea where manufacturers produce just the right number of goods that are delivered at the right time to the right place to find their way into the hands of the right consumers. Visibility is the key The daily sales and stock data in retail hold a powerful repository of informat...