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Why Data Will Drive the Future of Inventory Management

Retail TouchPoints

Retailers acted with agility, changing the way they planned and managed inventory in a remarkably short time. According to figures from Adobe, online shoppers faced 60 billion out-of-stock messages from March 2020 to February 2022. In the years to come, AI will prove extremely useful in supply chain management.

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Sam’s Club Adds Inventory Management Functions to In-Store Cleaning Robots

Retail TouchPoints

Sam’s Club will add Inventory Scan capabilities to its existing fleet of nearly 600 robotic scrubbers chainwide, in partnership with Brain Corp and Tennant Company. The robots will be able to capture data as they move through their respective store and deliver actionable reports to club managers.

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How to Revolutionize Inventory Management

Independent Retailer

Disruption at the early stages goes unseen, and businesses do not feel the consequences until there are empty spaces where products should be. Consumers encountered 60 billion out-of-stock messages from online retailers between March 2020 and February 2022, according to Adobe. Common Inventory Management Headaches.

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JCPenney Names New Transformation and Strategy Officer

Retail TouchPoints

Key areas of focus will include driving profitable consumer traffic, enhancing inventory management, further advancing digital growth and evolving the value delivery model. Keith Melker Melker’s most recent position was CEO of Wehner Multifamily, a Texas-based property management company.

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Returns Reimagined: How Tech Can Help

Retail TouchPoints

Inventory optimization. Another way AI can assist is with inventory management solutions, with it recommending the most efficient way to manage a return. Gareth Smith is GM, Software Test Automation at Keysight Technologies. Only then will technology reimagine returns in the omnichannel era.

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Unleashing the power of AI: What it means for retail in 2024

Inside Retail

Not only did the troubles of 2020-22 feel well and truly behind us, with retail and travel booming, but we got our first taste of ChatGPT and spent the holidays putting it to the test by writing greeting card messages, composing music and, more recently, creating new artwork.

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Ubers Eats Enhances Customer Experience with Extended Ordering Hours, Live Tracking

Retail TouchPoints

The upgrades are aimed at benefiting retailers as well as customers. Some of the planned improvements include barcode scanning, more efficient inventory management, easier options for adding product images and real-time support to fix any issues that come up. Uber Eats has since entered partnerships with multiple major U.S.