Interesting parts (for myself) in the following video:
Some customers are picky about brands. So, if their favorite brand is out of stock at some store, they may go to a competitor and decide they like that competitor more than their regular store. So, grocery stores try to carry every brand, however small the sales.
I am quite the opposite. I dislike the concept of huge number of similar-looking brands because that puts the burden of decision making on me. I’d rather have the store choose quality brands for me and I am okay paying a premium for that.
That’s the reason I like Costco. Trader Joe’s also does something similar, but we’ve been there only twice, so a bit early to say.
Grapes, for example, are in demand the whole year and I used to think they maintain supply by keeping things in cold storage in off-season months. So, I was surprised to learn we instead hack geography utilize global climate patterns to produce fresh grapes throughout the year.
The video also talked about software to automatically track available inventory and regular manual checks to calculate drift between software-reported and actual inventory. (This drift could occur because of theft, rot etc.) I initially found that interesting but that’s kind of obvious now that I think about it.