Inventory inaccuracy is a perennial challenge for grocery retailers. Credit: 1000 Words via Shutterstock.

UK supermarket giant Asda has extended its technology partnership with store operations execution software provider Retail Insight to improve stock accuracy across its network.

Asda and Retail Insight conducted a pilot in July 2023 which drew foundational store data from across Asda’s estate.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The retailer has now authorised a full store rollout of Retail Insight’s Inventory Insight – a machine learning-driven software solution that identifies and corrects inaccurate retailer inventory records.

Inventory Insight trained a data model for each of Asda’s stores, leveraging sales and inventory data to detect instances of phantom inventory. It alerts store colleagues to manually validate the stock at the shelf edge and update the inventory file to help drive total store performance and correct inventory accuracy.

In the nine months since deploying Inventory Insight, Retail Insight has removed more than 1.6m units of phantom inventory from Asda’s store estate, delivering a 63-fold return on investment to the retailer. 

See Also:

Asda’s store network contains 800 locations serving 18m customers every week. This includes supercentres, superstores, supermarkets, Asda Living stores, petrol stations and depots. This significant footprint makes inventory management crucial.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Inventory inaccuracy is a perennial challenge for grocery retailers, with data from ECR Retail Loss suggesting that 60% of all inventory records are incorrect. Discrepancy between stock records and what inventory is actually available is a major driver of inefficiencies, leading to lost sales and falling margins.

Asda reported a 6.6% growth in total revenues, excluding fuel, amounting to £5.3bn for Q1 FY24.