Replenishment

Replenishment in supply chain management refers to the process of restocking inventory to ensure that products are available when needed. This involves monitoring current stock levels, predicting future demand, and ordering new supplies from suppliers or manufacturers. Effective replenishment helps prevent stockouts, where products run out, and excess inventory, which can lead to increased costs. By maintaining the right balance, businesses can meet customer needs efficiently while minimizing wasted resources. It’s a critical component of ensuring smooth operations and customer satisfaction in retail and other industries.