Remove Accounting Remove Customer Experience Remove Shipping Remove Supply Chain Management
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How Hot Topic and Lamps Plus Mastered Inventory Management and More

Retail TouchPoints

Smart retailers are realizing that their increasingly complex omnichannel offerings have made strong supply chain management more important than ever. Hot Topic has found that predictability — not necessarily speed — is among the most important aspects of the customer experience. It manages our BOPIS component.

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Want to Cut the Cost of Fast Fulfillment? It All Starts with Inventory Placement

Retail TouchPoints

The problems with getting products to people quickly and cheaply are well-known: consumers want fast fulfillment, which is costly to provide, but they don’t want to pay high (or really any) shipping fees. This is both more complex and more top-of-mind due to ESG [environmental, social and governance]; no one likes to ship air.”

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Dropshipping: What it is & why it might be smart for your small business

Clover - Retail

Dropshipping is a type of supply chain management in which a retailer does NOT keep the product it sells in stock. Instead, when a customer orders the product, the retailer contacts their manufacturer or wholesale merchant–who keeps inventory of the product on-hand–and has the product shipped directly to the customer.

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Demand Forecasting in Supply Chain – Getting it Right in 2024

Retalon

While nearly three-quarters of all retailers still rely on simple, and consequently limited, tools such as Excel spreadsheets, the integration of AI-driven technologies in supply chain management is revolutionizing how demand forecasting for forward-thinking retailers. What is supply chain demand forecasting?

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Harris Poll Survey: How Supply Chain Operations Impact Customer Satisfaction During Coronavirus and Beyond

Retail TouchPoints

Consumers’ increased desire to stay home has contributed to the shift as well, accounting for the rise of online shopping during coronavirus. The supply chain has faced fulfillment challenges from this influx of online orders, along with a myriad of crisis-related disruptions including: Long wait times at warehouse depots.

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How retailers are overcoming the tyranny of distance

Inside Retail

With retail business leaders increasingly focusing on their supply chain management, here are three ways they can “unbound” their supply chains. Successful businesses focus on the “last-mile” delivery, or the last leg of delivery, from a distribution point to the customer. Redesign products and services.

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Australia’s supply chains should never look the same again

Inside Retail

This is particularly true for retail supply-chain management. More accurate supply-chain models. The customer data required to undertake better demand forecasting and product development should also be used to inform retailers’ more traditional supply-chain management activities.