24 May 2001
Increased collaboration between suppliers, manufacturers, distributors and retailers would identify and reduce stock loss in the retail supply chain, according to a new report.
The study, by industry group Efficient Consumer Response Europe, combines a survey of the retail sector and case studies of 12 complete supply chains. It claims that damages, misplaced goods and theft cost the sector £11.2 billion annually.
The report urges collaboration between suppliers, distributors and retailers. It claims that only half of retailers and manufacturers are working together to tackle stock loss, and urges them to use suppliers' expertise in solving the problem.