Search Results

    Improved Inventory Management

    Diversion Potential:
    59K Tons

    Economic Value Per Ton:
    $1,194

    GHGs Reduced:
    181K Tons

    Water Saved:
    20B Gallons

    Definition

    Improvements in the ability of retail inventory management systems to track an average product’s remaining shelf-life (time left to sell an item) and inform efforts to reduce days on hand (how long an item has gone unsold)

    Challenges

    • Current systems are optimized for minimizing stock-outs, not measuring and managing food waste. Therefore, managers optimize to ensure food is left over on the shelf.
    • Although larger retailers and national chains typically use inventory management systems, it has not been seen as cost-effective among smaller retailers.

    Stakeholder Actions

    • Retailers can increase the effectiveness of inventory management systems by adding data on food donation levels as well as the quantity of any food waste and reasons for being disposed.
    • Retailers can use inventory systems to help set corporate and individual buyer and store manager goals to reduce waste levels.
    • Retailers can develop better forecasting and share the data transparently throughout the supply chain to better match supply and demand.

    Examples & Resources

    • Applied Data Corporation uses enhanced analytics to manage the stages of fresh food items for grocery and supermarkets throughout their life cycle, from ingredients ordering to display management and decision-making.

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