connected replenishment
Connected replenishment is a supply chain strategy that uses technology to automatically track inventory levels and reorder products when they run low. This process often involves devices like smart sensors or IoT technology that monitor stock in real-time, ensuring that businesses maintain optimal inventory without manual checks.
By implementing connected replenishment, companies can reduce the risk of stockouts and overstock situations. This approach not only streamlines operations but also enhances customer satisfaction by ensuring that products are available when needed. Retailers and manufacturers benefit from improved efficiency and cost savings through better inventory management.