Advance Auto Parts is reviewing its product lines to enhance inventory management, planning to conduct 200 to 250 line reviews this year, with plans to increase that number in the future. CEO Shane O’Kelly emphasized the importance of streamlining processes and leveraging automation to expedite part availability. The initiative aims to improve SKU management, boost labor productivity, and evaluate brand options, enhancing market responsiveness. The company has also implemented a new inventory management system and is consolidating its distribution network to improve overall efficiency.

Source: https://www.supplychaindive.com/news/advance-auto-parts-sku-management-q3-inventory/733241/