Remove 2022 Remove Inventory Management Remove Supply Chain Management
article thumbnail

Why Data Will Drive the Future of Inventory Management

Retail TouchPoints

Adobe projects that the online groceries sector will be worth $85 billion a year in 2022. As well as stretching to satisfy this demand, supply chains are also dealing with inflation, the war in Ukraine and labor supply shortages. In the years to come, AI will prove extremely useful in supply chain management.

article thumbnail

How to Revolutionize Inventory Management

Independent Retailer

Adobe expects the category to reach an annual figure of $85 billion in 2022. This doubling in demand coincides with supply chain turbulence due to labor supply issues, rising inflation, and geopolitical crises such as the war in Ukraine. Common Inventory Management Headaches. billion pre-pandemic.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Why Your Supply Chain Management System Depends on the Right Retail Inventory Management Software

M19 Retail

Why Your Supply Chain Management System Depends on the Right Retail Inventory Management Software In today’s complex retail environment, managing a supply chain management system is no small feat.

article thumbnail

6 Ways Retailers Can Beat the Supply Chain Crisis in 2022

Independent Retailer

The good news is that brands who proactively take the right steps to deal with supply chain issues ahead of time can do more than just survive — they can thrive. After all, when supply chain management is effective, it is proven to lower a company’s overall costs and boost profitability. O ptimize Inventory.

article thumbnail

Why dropshipping is making a resurgence for small businesses

Inside Retail

In a joint study between Deloitte and Manufacturers Alliance, 80 per cent of those surveyed had experienced heavy supply chain disruption in the 12-18 months to June 2022. That’s why we’re moving beyond just-in-time versus just-in-case to a different model for supply chain management.

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

Customer returns: Five fundamentals to recoup revenue

365 Retail

of global sales in 2017, to 21% in 2022. Retailers should be using an inventory management platform that provides a real-time overview of their stock. Use Centralised Cloud-based Software to Manage Data. The pandemic has not been kind to many things, but to ecommerce, it’s been an unprecedented period of success.

Returns 52