Beyond Empty Shelves: The Lasting Impact of Stockouts
The impact of stockouts on
– customer loyalty, and
– future demand
are more significant than immediate revenue loss.
Quantify the long-term consequences to understand their true cost.
Account for stockouts’ long-term effects.
Accounting for Stockouts’ Long-Term Effects
It’s like looking ahead and understanding how it affects us in the long run!
Imagine you have a favourite toy store, and you always go there to buy fun toys. But one day, they run out of your favourite toy!
That’s called a “stockout” – when they don’t have something you want.
Stockouts can happen with toys, ice cream, or even in the grocery store! But guess what? They can have big effects on the store and customers!
Your favourite ice cream shop runs out of your favourite flavour for many days.
You start going to another ice cream shop, and so do your friends! 😕
By having stockouts, the ice cream shop lost loyal customers like you and your friends. 🍦💔
It’s like they lost a treasure because you went to another shop!
Make sure you have what your customers want. They’ll keep coming back, and you’ll have more happy customers! 🏆🤗