Almost 50% of retail managers 'using gut instinct for stock replenishment', report says

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New research has shown that grocery retailers are struggling to optimise stock replenishment processes, with almost half saying that their decisions are still based on'gut feeling'. Retail applications provider Blue Yonder surveyed 750 grocery managers and directors in the US, UK, Germany and France. It found that, in spite of a rise in accurate algorithms for automated replenishment and demand planning, 46% of surveyed directors in the UK say that replenishment is still an entirely manual process and the same amount saying that it was fully automated. A further 30% believed that instinct-based decision making was slowing them down. Of the four countries involved in Blue Yonder's survey, Germany had the highest proportion of respondents using manual or partially automated systems, with just one-third of managers who had fully automated their stock replenishment processes.

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