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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

Consumers encountered 60 billion out-of-stock messages from online retailers between March 2020 and February 2022, according to Adobe. As manufacturing and supply chain disruption increases, retailers must optimize inventory management to give customers a better experience. 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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David’s Bridal Shakes up Leadership Team with New COO and CFO

Retail TouchPoints

Viall will retain ownership of merchandising and product development functions and assume responsibility for the supply chain; and Kelly Cook, who joined David’s Bridal in 2019 as EVP, Chief Marketing and IT Officer, has been promoted to President of Brand, Technology and Finance.

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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

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 also boosted its delivery capabilities in July 2020 through the acquisition of Postmates for more than $2.6 and Costco.