article thumbnail

Retail Assist X Retail Technology Show 2023

Retail Assist

Persistent challenges such as increased competition, changing customer preferences, and supply chain disruptions were met with various innovations such as AI-powered inventory management systems, personalised marketing strategies, and blockchain-based supply chain platforms.

article thumbnail

Stockouts Are Costing You Money

Independent Retailer

In 2004, the Harvard Business Review interviewed over 70,000 shoppers to find out how they react to a stockout. Since 2004, stockouts have only become worse for retailers. For example, with some inventory management software, you will receive automatic updates about items that are low in stock.