On-shelf availability continues to plague consumer brands and their retail partners, leading to $80B+ in lost sales annually. bops Advisor, Mike Graen, is leading the charge to discover how technological solutions such as bops can help solve this problem.
As consumers, we are laser focused on our mission - buying the product we want, where and when we want it. But having the product on the shelf, ready for us to purchase, is not so easy for the consumer brands or their retail partners.
Unsurprisingly, out-of-stocks continue to plague Retailers and CPGs today (to the tune of $80B+ annually).
While acknowledging that on-shelf availability is a complex process involving buyers, suppliers, distribution centers and in-store execution, expert such as Mike Graen are strong proponents of technology-based solutions having the potential to help brands and retailers reduce out-of-stocks, and keep the products on the shelf for consumers.
Mike Graen partnered with Conversations on Retail to dive deep into the intersection of on-shelf availability and algorithmic solutions helping address this issue.
Check out the recording of the conversation at the link above.
With 40 years of experience working for Procter & Gamble, Walmart, and CROSSMARK, Mike Graen has seen the retail industry from every conceivable angle.
From helping develop what would become Retail Link, to investigating and leveraging the potential of shelf-scanning robots and RFID tech in stores, Graen has made a career out of using technology to solve business problems.
These days, Mike is focused on leveraging retail supply chain technology, RFID, and robotics to measure and improve on-shelf availability (OSA) for CPGs and retailers.
Based in Bentonville, Arkansas, Conversations On Retail is a one-of-a-kind platform where retailers, their suppliers, solution providers, and other industry experts gather to exchange ideas, insights, and best practices while growing their professional network… one conversation at a time.
