Supermarket Perimeter - October 2020 - 60

TECHNOLOGY

INVENTORY
MANAGEMENT

by Andy Nelson

60 - OCTOBER 2020

SP_Oct20.indb 60

moving off shelves at varying
levels that challenged operators
with keeping on track with
future needs."
Combined with dynamic
and sensitive forecasting that
recognized the impacts of COVID
in future demand, Invatron's
perpetual inventory position
has allowed operators to run
production plans and generate
orders on an ad-hoc unscheduled
basis so that product need
assessments can be made for
topping up as product was
leaving the shelves faster than
before due to COVID.
"Our customers have also
realized a transformational shift
in e-commerce sales, which has
accelerated the need to integrate
those systems into the overall
retail system infrastructure so
true e-commerce demand can
be understood and forecasted

and product availability can be
'guaranteed' to the end-consumer
when they shop online."
During the pandemic,
companies all along the food
supply chain have found it more
important than ever to keep
an accurate eye on inventory
control, said Matthew Starobin,
president and CEO of Bronxville,
New York-based At-Your-Service
Software Inc., makers of cloudbased ReciProfity food costing
software.
"Businesses are under more
stress now, their costs. People
are not spending money the way
they used to, and for them to
be able to manage costs in any
shape or form is more important
than ever," he said. "From
inventory control to other issues,
it's front burner. Companies don't
want to lay people off if they
don't have to."

For commissaries, central
kitchens and retailers who make
prepared foods onsite, inventory
management can be especially
critical, Starobin said. A baker
planning on making a recipe
that includes blueberries, for
instance, may be using data from
months before when costing his
blueberries. That can negatively
impact the bottom line and
inventory levels.

Adapting forecasts to
shorter time frames
Wynne Barrett, a partner in
Hopkinton, Massachusetts-based
software specialist Jera Concepts,
said COVID has made clients
of his company's inventory
management and other software
"shorten their view of the past
and the future."
Jera began getting calls for
shorter forecasts in March, when

INVATRON

ONE OF THE MANY COVID-ERA
LESSONS learned the hard way
by commissaries and other offsite
providers and their retail partners
is that it's more important than
ever to know your inventory and
to limit budget-busting waste.
The value of inventory
management systems like
Periscope, made by Mississauga,
Ontario-based Invatron Systems
Corp., has become even clearer
during a disruptive event
like the pandemic, said Joe
Smirlies, senior vice president of
Periscope.
"From a production planning
and ordering perspective, a
perpetual inventory position is
used as a measure of reality on
how product has moved from
the shelves and is constantly
used against any future need
assessment," he said. "During
COVID, clearly product was

supermarketperimeter.com

9/25/2020 9:15:38 AM


http://www.supermarketperimeter.com

Supermarket Perimeter - October 2020

Table of Contents for the Digital Edition of Supermarket Perimeter - October 2020

Supermarket Perimeter - October 2020 - 1
Supermarket Perimeter - October 2020 - 1
Supermarket Perimeter - October 2020 - 2
Supermarket Perimeter - October 2020 - 3
Supermarket Perimeter - October 2020 - 4
Supermarket Perimeter - October 2020 - 5
Supermarket Perimeter - October 2020 - 6
Supermarket Perimeter - October 2020 - 7
Supermarket Perimeter - October 2020 - 8
Supermarket Perimeter - October 2020 - 9
Supermarket Perimeter - October 2020 - 10
Supermarket Perimeter - October 2020 - 11
Supermarket Perimeter - October 2020 - 12
Supermarket Perimeter - October 2020 - 13
Supermarket Perimeter - October 2020 - 14
Supermarket Perimeter - October 2020 - 15
Supermarket Perimeter - October 2020 - 16
Supermarket Perimeter - October 2020 - 17
Supermarket Perimeter - October 2020 - 18
Supermarket Perimeter - October 2020 - 19
Supermarket Perimeter - October 2020 - 20
Supermarket Perimeter - October 2020 - 21
Supermarket Perimeter - October 2020 - 22
Supermarket Perimeter - October 2020 - 23
Supermarket Perimeter - October 2020 - 24
Supermarket Perimeter - October 2020 - 25
Supermarket Perimeter - October 2020 - 26
Supermarket Perimeter - October 2020 - 27
Supermarket Perimeter - October 2020 - 28
Supermarket Perimeter - October 2020 - 29
Supermarket Perimeter - October 2020 - 30
Supermarket Perimeter - October 2020 - 31
Supermarket Perimeter - October 2020 - 32
Supermarket Perimeter - October 2020 - 33
Supermarket Perimeter - October 2020 - 34
Supermarket Perimeter - October 2020 - 35
Supermarket Perimeter - October 2020 - 36
Supermarket Perimeter - October 2020 - 37
Supermarket Perimeter - October 2020 - 38
Supermarket Perimeter - October 2020 - 39
Supermarket Perimeter - October 2020 - 40
Supermarket Perimeter - October 2020 - 41
Supermarket Perimeter - October 2020 - 42
Supermarket Perimeter - October 2020 - 43
Supermarket Perimeter - October 2020 - 44
Supermarket Perimeter - October 2020 - 45
Supermarket Perimeter - October 2020 - 46
Supermarket Perimeter - October 2020 - 47
Supermarket Perimeter - October 2020 - 48
Supermarket Perimeter - October 2020 - 49
Supermarket Perimeter - October 2020 - 50
Supermarket Perimeter - October 2020 - 51
Supermarket Perimeter - October 2020 - 52
Supermarket Perimeter - October 2020 - 53
Supermarket Perimeter - October 2020 - 54
Supermarket Perimeter - October 2020 - 55
Supermarket Perimeter - October 2020 - 56
Supermarket Perimeter - October 2020 - 57
Supermarket Perimeter - October 2020 - 58
Supermarket Perimeter - October 2020 - 59
Supermarket Perimeter - October 2020 - 60
Supermarket Perimeter - October 2020 - 61
Supermarket Perimeter - October 2020 - 62
Supermarket Perimeter - October 2020 - 63
Supermarket Perimeter - October 2020 - 64
Supermarket Perimeter - October 2020 - 65
Supermarket Perimeter - October 2020 - 66
Supermarket Perimeter - October 2020 - 67
Supermarket Perimeter - October 2020 - 68
https://digital.supermarketperimeter.com/sosland/sp/supermarket-perimeter-july-2022
https://digital.supermarketperimeter.com/sosland/sp/supermarket-perimeter-june-2022
https://digital.supermarketperimeter.com/sosland/sp/supermarket-perimeter-may-2022
https://digital.supermarketperimeter.com/sosland/sp/supermarket-perimeter-april-2022
https://digital.supermarketperimeter.com/sosland/sp/supermarket-perimeter-march-2022
https://digital.supermarketperimeter.com/sosland/sp/supermarket-perimeter-february-2022
https://digital.supermarketperimeter.com/sosland/sp/supermarket-perimeter-january-2022
https://digital.supermarketperimeter.com/sosland/sp/-supermarket-perimeter-december-2021
https://digital.supermarketperimeter.com/sosland/sp/supermarket-perimeter-november-2021
https://digital.supermarketperimeter.com/sosland/sp/supermarket-perimeter-october-2021
https://digital.supermarketperimeter.com/sosland/sp/supermarket-perimeter-september-2021
https://digital.supermarketperimeter.com/sosland/sp/supermarket-perimeter-august-2021
https://digital.supermarketperimeter.com/sosland/sp/supermarket-perimeter-july-2021
https://digital.supermarketperimeter.com/sosland/sp/supermarket-perimeter-june-2021
https://digital.supermarketperimeter.com/sosland/sp/supermarket-perimeter-may-2021
https://digital.supermarketperimeter.com/sosland/sp/supermarket-perimeter-april-2021
https://digital.supermarketperimeter.com/sosland/sp/supermarket-perimeter-march-2021
https://digital.supermarketperimeter.com/sosland/sp/2021_02_01
https://digital.supermarketperimeter.com/sosland/sp/2021_01_01
https://digital.supermarketperimeter.com/sosland/sp/2020_12_01
https://digital.supermarketperimeter.com/sosland/sp/2020_11_01
https://digital.supermarketperimeter.com/sosland/sp/2020_10_01
https://digital.supermarketperimeter.com/sosland/sp/2020_09_01
https://digital.supermarketperimeter.com/sosland/sp/2020_08_01
https://digital.supermarketperimeter.com/sosland/sp/2020_07_01
https://digital.supermarketperimeter.com/sosland/sp/2020_06_01
https://digital.supermarketperimeter.com/sosland/sp/2020_05_01
https://digital.supermarketperimeter.com/sosland/sp/2020_04_01
https://digital.supermarketperimeter.com/sosland/sp/2020_03_01
https://digital.supermarketperimeter.com/sosland/sp/2020_02_01
https://digital.supermarketperimeter.com/sosland/sp/2020_01_01
https://digital.supermarketperimeter.com/sosland/sp/2019_12_01
https://digital.supermarketperimeter.com/sosland/sp/2019_11_01
https://digital.supermarketperimeter.com/sosland/sp/2019_10_01
https://digital.supermarketperimeter.com/sosland/sp/2019_09_01
https://digital.supermarketperimeter.com/sosland/sp/2019_08_01
https://digital.supermarketperimeter.com/sosland/sp/2019_07_01
https://digital.supermarketperimeter.com/sosland/sp/2019_06_01
https://digital.supermarketperimeter.com/sosland/sp/2019_05_01
https://digital.supermarketperimeter.com/sosland/sp/2019_04_01
https://digital.supermarketperimeter.com/sosland/sp/2019_03_01
https://digital.supermarketperimeter.com/sosland/sp/2019_02_01
https://digital.supermarketperimeter.com/sosland/sp/2019_01_01
https://www.nxtbookmedia.com