Why Having Lots of Stock Doesn’t Guarantee Easy Availability: The Pitfalls of Confusing Inventory with True Customer Access
Do NOT confuse high stock with good availability.
In reality:
More inventory = Worse delivery on time
🌟 Why Lots of Stock Doesn’t Mean Easy Availability
⚡️ While more stock seems to improve availability at the item level.
Experience shows that businesses with the highest stock often have the worst overall availability.
💥 Imagine a store full of shiny jewellery or trendy clothes, but people still struggle to find what they’re looking for.
Confusing stock with availability leads to lost sales and unhappy customers.
📌 Example 1: Jewelry Stores
Think about a jewellery store packed with sparkly necklaces and rings. It looks impressive, but if they don’t have the right sizes or styles, customers leave disappointed.
Availability means more than just having items in stock;
it’s about meeting customers’ specific needs.
📌 Example 2: Clothing Retailers
Imagine a popular clothing store overflowing with clothes.
But if they mainly have sizes that don’t fit their customers’ bodies,
having a lot of stock won’t help.
True availability means offering different sizes, being inclusive, and considering each person’s uniqueness.
🧠 Simple Explanation:
Having lots of jewellery or clothes is like having puzzle pieces that don’t quite fit what people want.
CEOs, it’s important to focus on what customers really need and make sure we have it for them.
🔍 The Solution:
Having lots of stock might seem like a good thing.
But it can actually make finding what customers want even harder.
It’s like having a big toy box with no favourite toys inside.
As a CEO, we need to understand why this happens and find a solution.
📢 Remember, having a lot of stuff doesn’t guarantee easy availability!
Let’s prioritize what our customers want and give them what they need.
Share your thoughts below.
Together, we can create a customer-centered culture! 💪💼🚀
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