Retail TouchPoints

JUNE 2, 2023

Smart retailers are realizing that their increasingly complex omnichannel offerings have made strong supply chain management more important than ever. Retailers need to handle inventory in stores and distribution centers, keep an eye on both digital and physical shelves and keep costs down with efficient logistics and routing.

Inventory Management 244

Inventory Management Management Fulfillment Supply Chain Management 244

Retalon

MAY 17, 2024

While nearly three-quarters of all retailers still rely on simple, and consequently limited, tools such as Excel spreadsheets, the integration of AI-driven technologies in supply chain management is revolutionizing how demand forecasting for forward-thinking retailers. What is supply chain demand forecasting?

Supply Chain Management 41

Supply Chain Management Inventory Management Management Promotions 41

Inside Retail

APRIL 25, 2023

This can be seen by the adoption of QR codes – the use of which accelerated amid Covid-19 restrictions – self checkout in supermarkets and autonomous mobile robots, which are being utilised by major retailers for (among other things) logistical, supply chain and other inventory management tasks.

Shopping 130

Shopping Payment Services Inventory Management Supply Chain Management 130

I Vend

AUGUST 13, 2023

Successful retailers understand this, and have developed competitive strategies based on robust omnichannel retail processes that allow customers to shop exactly as they want to. A better experience means customers return more often to the store, and cross sell/upsell activity increases the average transaction size with every visit.

Payment Services 98

Payment Services Point of Sale Inventory Management Supply Chain Management 98

Retail Minded

MARCH 2, 2022

Walmart is one giant retailer that uses hundreds of bots to automate operations, including answering workers’ inquiries, retrieving information from audit papers, monitoring inventory flow, and identifying slow-moving goods and deadstock. Walmart’s back-office manages millions of accounts receivable and millions of employee payrolls.

Payment Services 52

Payment Services Inventory Management Promotions Accounting 52

365 Retail

NOVEMBER 13, 2023

Adjustments must often be made to account for factors like weather and global events. Optimising Inventory Levels Careful inventory management is vital during peak seasons. The combination of AI and POS systems is becoming popular, as it can provide actionable stock management data.

Inventory Management 52

Inventory Management Management Planning Drop-Shipping 52

365 Retail

MAY 5, 2023

By handling repetitive and mundane tasks, chatbots free up human employees to focus on more complex customer service issues, leading to more efficient operations. Predictive analytics, another AI-driven tool, has been instrumental in helping retailers optimize their inventory management and pricing strategies.

Store Layout 81

Store Layout Promotions Inventory Management Advertising 81