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What is Ralph Lauren Inventory Management Insights about?

Ralph Lauren appointed a new CEO in 2016 whose first task was to cut costs by reducing inventory levels. This led to profits dropping 50% over the next two years as inventory lead times were previously 15 months, causing issues like being unresponsive to trends. Marks & Spencer admitted failure to stock popular clothing sizes in the autumn of 2019, costing them almost £5 million. They had too much stock and needed to do markdowns. There are different types of inventory including cycle, safety, seasonal/a

Author

Kriti Sharma

Language

EN