The Home Depot Inc. is improving how it makes inventory available to business customers as well as consumers, the company says.
Key to that goal is a new Supply Chain Synchronization project with Internet software designed to improve the annual turn rate of its more than 35,000 in-store available SKUs, the retail chain’s executives said last month during Home Depot’s Investor & Analyst Conference.
A year-long pilot of the supply chain software project, nicknamed Project Sync, has enabled Home Depot’s warehouse workers to more quickly receive inventory delivered to distribution centers and stores, Mark Holified, executive vice president, supply chain and product development, said at the conference. CEO Craig Menear added that Home Depot will use savings it gains from more efficient warehouse operations to pass on lower prices to business customers and consumers.
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