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Supply-chain optimisation: It is reported that AI-driven supply-chainmanagement can reduce errors by 20-50 per cent, decrease lost sales and product unavailability by up to 65 per cent, and lower warehousing costs by 5-10 per cent.
As global apparel revenues plummeted almost 20 per cent in 2020, e-commerce has emerged as the silver lining of the fashion industry’s challenging year. The recent acceleration of e-commerce necessitates a reimagining of shopping flows, fulfilment logistics, and supplychainmanagement.
Thats why weve created the Complete Beginners Guide to Retail Management Software here we explain some of the key features and considerations to help you understand what to look for as you start your journey to explore its possibilities. What to look for in Retail Management Software 1.
Lotus’s existing malls are configured in a manner that allows space to be leased within the hypermarket box itself (for example, along a straight line beyond the checkouts at the front of the store) and around the racetrack that comprises the main mall. Harnessing the synergies.
Retailers with the correct tools may examine buying habits, project future directions, maximise inventory control, and even enhance supplychainmanagement. For a new line of sports apparel, a shop might target a group of consumers who often buy athletic wear by means of advertising.
Self-checkout technology, introduced around 10 years ago, was maligned by many at first, but has now become an embedded part of the shopping experience and continues to evolve. For example, while the Amazon Go (just walk out) concept may have passed its useful life, that doesnt mean the concept of frictionless retail is dead.
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