Want to create an interactive transcript for this episode?
Podcast: Leaders of Analytics
Episode: Solving a Trillion-Dollar Problem with AI featuring Min Chen
Description: “Out of stock”.
Three words with a great deal of significance for retailers and their customers.
It is estimated that retail products are out of stock 8% of the time in physical stores, and more than 14% of the time in e-commerce stores, leading to frustration for retailers and customers alike.
Retailers miss out on important revenue from the forgone sales.
Customers leave unfulfilled and are less likely to return to the same retailer or recommend it to others in their network.
Supply chains feel the ripples of the gaps between dema...