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How AI is set to revolutionise inventory management

Inside Retail

Great product diversity, changing consumer demands, and the expansion of e-commerce have turned inventory management into a major pain point for retailers. Poor inventory management results in overstocking and under-stocking, impaired cash flow, and losses from theft and spoilage. Here are some reasons why: 1.

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Why Data Will Drive the Future of Inventory Management

Retail TouchPoints

While COVID-19 slowed the world down to a standstill, it greatly accelerated the growth of online shopping. Today’s customers have high expectations, so any retailer must ensure customers have the best possible experience when shopping with them. In particular, lockdowns pushed demand for online groceries into new territory.

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How Hot Topic and Lamps Plus Mastered Inventory Management and More

Retail TouchPoints

Retailers need to handle inventory in stores and distribution centers, keep an eye on both digital and physical shelves and keep costs down with efficient logistics and routing. Industry experts gathered at Manhattan Momentum 2023 in Phoenix to discuss their approaches to these various challenges.

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Brain Corp. Introduces End-to-End Inventory Management Solution

Retail TouchPoints

BrainOS Inventory Insights helps managers intelligently manage their inventory, improve operational efficiencies, enhance productivity and elevate customer shopping experiences across all channels.

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Sam’s Club Adds Inventory Management Functions to In-Store Cleaning Robots

Retail TouchPoints

Sam’s Club is adopting these processes to reduce waste and help fight inventory loss. Sam’s Club is hyper focused on making sure our members have a seamless shopping experience, so any time-saving innovation we can implement is significant,” said Todd Garner, VP of In Club Product Management at Sam’s Club in a statement. “By

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The Click Before the Brick: How Digital Shapes Shopping

Retail Focus

It changes how we communicate, work, and shop – often before setting foot inside a store! This phenomenon is known as “The Click Before the Brick,” where digital presence shapes our shopping experiences. Online stores and marketplaces have made it possible to shop from the comfort of your home.

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7 Tips for Wholesale Inventory Management

Independent Retailer

Wholesale inventory bloat, combined with a softening demand in the economy, is taking its toll on cash flow and earnings at retailers. . billion of inventory in October, a 21% increase from last year, according to the U.S. “Seemingly overnight, shortages are flipping to inventory surpluses in certain categories.