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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. 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.

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From smart mirrors to in-car shopping: the tech shaping retail’s future

Inside Retail

This can be seen by the adoption of QR codes – the use of which accelerated amid Covid-19 restrictions – self checkout in supermarkets and autonomous mobile robots, which are being utilised by major retailers for (among other things) logistical, supply chain and other inventory management tasks.

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Cross-Channel Home Décor Retailing: 5 Take Away Lessons from The Game Changers

RETAIL MANAGEMENT SOFTWARE

Moreover, retailers have improved their customer journey experience with personalization, visualization, and agile checkout capabilities as well as the ability to capitalize on any ecommerce activities which the customer may have started on various media platforms.

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Stop out of stocks denting your profits this holiday season

I Vend

Inventory management – ‘the right goods, in the right place, at the right time’ sums up the core of retail. So inventory management is essential. Retail technology can streamline inventory management by enabling retailers to accurately track goods from delivery to sale through to returns.

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Ten competitive strategies for retail success

I Vend

We’ve looked at the importance of a customer-centric approach, data-based decisions, omnichannel, supply chain management and your team. Everything is focused on operational excellence to create a seamless shopping experience; helping them to find the goods they want; checkout fast and pay the way they want.

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Ten competitive strategies of successful retailers

I Vend

They have become ever more demanding about what they want: service, price, choice, convenience, omnichannel retail, frictionless checkout – and if they’re not satisfied, they simply go elsewhere. Adopt a customer-centric approach – One of the reasons that retail is so competitive is the sheer power that rests with shoppers.

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The Rise of AI in Retail: Transforming the Industry Online, In-Store, and Socially

365 Retail

Predictive analytics, another AI-driven tool, has been instrumental in helping retailers optimize their inventory management and pricing strategies. Retailers are also using facial recognition for queue management. Advanced Supply Chain Management: AI will be critical in streamlining supply chain processes.