Remove inventory-software-for-manufacturing
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Product Substitution: How Savvy Retailers and Manufacturers can Build Supply Chain Resiliency, Reduce Costs and Improve Customer Experiences

Retail TouchPoints

In manufacturing, product substitution can be a valuable tool for optimizing inventory management. Market conditions are dynamic, and consumer preferences change — retailers and manufacturers need to adapt to these factors quickly. In other instances, customers might expect an upgrade for their trouble.

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How smart new technologies are improving sales and reducing costs for retailers

Inside Retail

As an example, during the past five years, Zebra Technologies has invested US$1 billion in strategic acquisitions of technology companies specialising in both hardware and software. The Workcloud products fall within four categories: workforce optimisation, enterprise collaboration, demand forecasting and inventory optimisation.

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Aussie retailers and manufacturers ‘dangerously overstocked’

Inside Retail

Australian manufacturers are dangerously overstocked, carrying an average $231,700 in additional products or ingredients, according to research from inventory management software provider Unleashed. Comparing, say, beverages and construction, you’re often looking at very different inventory models.

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Why Retailers Want Real-Time Inventory Data

Retail TouchPoints

While virtually every retailer uses inventory management software, they still suffer from stockouts, and often find that physical inventory counts don’t match what the software is reporting. In recent years, new computer vision technology has emerged that enables retailers to take instant, accurate inventory snapshots.

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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. This kind of adaptability will be vital as we head forward: McKinsey forecasts that manufacturing production will suffer significant disruptions every 3.7 billion pre-pandemic to $6.7 billion a month post-COVID.

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4 Ways to Improve Productivity on the Shop Floor

Global Shop

Productivity plays an important role in the profitability and competitiveness of manufacturers by measuring the rate of output per unit of output. What sometimes gets overlooked is the ability to improve productivity using ERP software. Here’s an example of how automating manual processes can boost your productivity.

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Turning Retail Losses into Profits

Retail TouchPoints

Equally alarming, they continue to make today’s and tomorrow’s decisions based on yesterday’s data, jeopardizing profitability with the potential of excessive or inadequate inventory. As a result, profitability is now a top priority for retail CEOs. Despite the appeal and growth of ecommerce, retail profitability has been on a decline.