[mind Retail Exclusive] Asda reduces phantom stock by withdrawing 1.6 million products

Featured image of the article [mind Retail Exclusive] Asda reduces phantom stock by withdrawing 1.6 million products

An article by Morgane Monteiro

Publication

24 May 2024 à 18h04

Updated on 5 March 2025 à 18h43

Reading time

2 minutes

Publication: 24 May 2024 à 18h04, Updated on 5 March 2025 à 18h43

Reading time: 2 minutes

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According to our information, the British retailer Asda rolled out Retail Insight's latest solution in all its supermarkets. The grocer aims to reduce inventory errors, which are responsible for almost all “out of stock” issues.

An article by Morgane Monteiro

Publication

24 May 2024 à 18h04

Updated on 5 March 2025 à 18h43

Reading time

2 minutes

Publication: 24 May 2024 à 18h04, Updated on 5 March 2025 à 18h43

Reading time: 2 minutes

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Copy link Share on LinkedIn Share on Bluesky Share on Facebook Share on WhatsApp
Add to reading list Remove from reading list
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In July 2023, to counter the phenomenon of phantom stocks, Asda (sales of €27.2 billion in 2023, up by 7.1%) deployed the Retail Insight solution called InventoryInsight in 800 supermarkets. Based on AI and machine learning, the service uses data collected and analysed since the beginning of the collaboration with Asda in 2009. By detecting out-of-stocks and alerting teams to manually process the inventory file, 1.6 million units of phantom stock were removed from the inventory. This is an...

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Article authors
Featured image of the article Morgane Monteiro
Morgane Monteiro Journalist
Featured image of the article Morgane Monteiro

Journaliste économique pour mind Retail depuis 2024, j’analyse la transformation digitale du commerce.

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