Remove 2021 Remove Inventory Management Remove Management Remove Supply Chain Management
article thumbnail

How to Build a Modern Supply Chain That’s Built to Last

Retail TouchPoints

To keep up with rising demand, you need to set aside outdated supply management tactics and adopt longer-term solutions that help you get ahead of potential problems instead of reacting to them after it’s too late. Traditional Supply Chains Aren’t Built for Disruptions. Revamping Your Supply Chain Approach Takes Time.

article thumbnail

How retailers can effectively manage supply chain uncertainty

A1 Retail

One of the key actions we’ve seen from retailers who’ve best tackled the disruption of the last 24 months has been prioritising investment to overhaul legacy supply chain systems and off-the-shelf management programmes that don’t have the capabilities to react to a business’ individual needs. 2) Find an end-to-end solution.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Health crisis: what impact on supply management in points of sale?

M19 Retail

It is more complex to differentiate the offer by store, when these have very different formats and characteristics, than to manage a listing that is generally common to all the points of sale. This complexity requires more planning effort than only large data analysis and algorithms using artificial intelligence can help manage.

article thumbnail

Customer returns: Five fundamentals to recoup revenue

365 Retail

In 2021, sorting out product refunds cost retailers an average of over £15,000 a month. Significant revenue gets lost when mass quantities of orders are returned, leaving retailers with a ton of inventory that is then discounted, liquidated, or even thrown out. Use Centralised Cloud-based Software to Manage Data. In a store?

Returns 52