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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. According to figures from Adobe, online shoppers faced 60 billion out-of-stock messages from March 2020 to February 2022. Tools can enable retailers to connect and correlate all inventory data with external events.

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Miniso’s “good quality with low price” mantra takes off in Southeast Asia

Inside Retail

In terms of store operations, all Miniso stores in mainland China are equipped with their proprietary intelligent store management system, which provides sales and inventory data in real time, as well as suggestions based on big data analysis. Miniso’’s Q2 2022 revenue increased by 20.7 An eclectic design team. Global performance.

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How to Revolutionize Inventory Management

Independent Retailer

Adobe expects the category to reach an annual figure of $85 billion in 2022. Consumers encountered 60 billion out-of-stock messages from online retailers between March 2020 and February 2022, according to Adobe. Retailers need tools that can connect and correlate all inventory data with the impact of external events.

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Top 3 Challenges in Demand Forecasting, and How Analytics Solves Them (2022)

Retalon

Increased inventory turnover. Matching demand and supply boost turnover. Not meeting the challenges in forecasting demand and supply causes the most intractable retail issues from slow inventory turnover to anemic GMROI. Stores get just enough product to meet demand without risking empty shelves.

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Boost Sales & Loyalty: Mastering Retail Analytics Insights [2024]

Retalon

This technological marvel aids in refining inventory management, shaping marketing strategies, and sculpting pricing frameworks, contributing significantly to sales upliftment and fortified customer allegiance. in 2022, hinting at the burgeoning reliance on these sophisticated tools. Metrics act as a compass guiding these adjustments.

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How the Supply Chain Disruption Is Sparking Holiday Risk & Resilience

Rangeme

Unanimously, they said supply chain disruption will affect the upcoming holiday season “significantly or somewhat” and it will last at least through 2022. Beauty rival Sephora is using artificial intelligence (AI)-based demand forecasting to increase inventory turnover and product availability with greater accuracy and efficiency.