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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. Retailers acted with agility, changing the way they planned and managed inventory in a remarkably short time. According to figures from Adobe, online shoppers faced 60 billion out-of-stock messages from March 2020 to February 2022.

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

Inside Retail

However, Huang is coy to reveal details around its expansion strategy, simply saying: “I can share that we do have plans for Peninsular Malaysia.”. Expansion plans. The company also plans to crossover with different industries to create more value for its consumers. Miniso’’s Q2 2022 revenue increased by 20.7

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

Retalon

The forecast of future sales demand informs almost all of the decisions a retailer makes throughout the product journey: Planning. What’s more, you’re able to buy enough inventory to meet demand without being left with overstock. Planning inventory based on sales history depends on a logical approximation. Let’s find out.

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How to Revolutionize Inventory Management

Independent Retailer

Next-generation analytical and planning tools interpret vast volumes of data so that retailers can predict and react to disruptions before they affect inventory levels. Adobe expects the category to reach an annual figure of $85 billion in 2022. Data Shaping the Future of Inventory Management. by Paula Biste.

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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. As contingency plans, more executives are finding new vendor partners and sourcing domestically to keep their supply chains closer to home. 1 Unglesbee, Ben. Retail Dive.

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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.