How Advanced Analytics Can Put an End to the $50 Billion Retail Overstock Problem

It's a frustrating problem, given that it's so easy to solve. Those who embrace modern technology are already optimizing their inventory with advanced analytics, entirely preventing these massive amounts of overstock. So, if a retailer is wondering why consumers and investors are pulling away, it's because they are still using a traditional approach in a modern world. Whether it's fast fashion or high-end brands, at the end of the day, the goal of a business is to maximize shareholder value. As such, retailers can't afford to risk losing sales because they ran out of stock.