RETAIL MANAGEMENT SOFTWARE

JULY 17, 2023

Understanding the Challenges The retail supply chain is a complex network of interdependencies involving manufacturers, suppliers, distributors, and retailers. A multitude of factors, such as demand volatility, inventory management, logistics, and forecasting, can present significant challenges to supply chain efficiency.

Inventory Management 89

Inventory Management Supply Chain Management Management Point of Sale 89

RETAIL MANAGEMENT SOFTWARE

NOVEMBER 7, 2023

By analyzing historical sales data, seasonality, and external factors such as weather and social trends, AI algorithms can help businesses make informed decisions about inventory management, pricing, and marketing strategies. Supply Chain Efficiency AI is also transforming supply chain management in the retail and CPG industries.

Marketing 95

Marketing Inventory Management Supply Chain Management Store Layout 95

Retail TouchPoints

NOVEMBER 18, 2021

But this “new normal” requires retailers to have access to accurate inventory data — often across multiple channels, both in-store and online. The key is investing in real-time inventory. Contemporaneous inventory capabilities, enabling a consistent view of stock availability across every internal and external-facing channel.

Supply Chain Management 223

Supply Chain Management Fulfillment Shipping Inventory Management 223

Inside Retail

APRIL 25, 2023

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.

Shopping 130

Shopping Payment Services Inventory Management Supply Chain Management 130

365 Retail

NOVEMBER 17, 2023

Enhancing Customer Experience Through Tech: The Role of IT in Customer Engagement In an era where customer experience is king, IT plays a pivotal role. Retailers are leveraging technology to create personalised, engaging, and seamless shopping experiences. This is where IT support from Infinity Group shines.

Supply Chain Management 57

Supply Chain Management Customer Experience Inventory Management Management 57

Retail Assist

APRIL 28, 2023

Persistent challenges such as increased competition, changing customer preferences, and supply chain disruptions were met with various innovations such as AI-powered inventory management systems, personalised marketing strategies, and blockchain-based supply chain platforms.

Supply Chain Management 52

Supply Chain Management Inventory Management Management Fashion 52

Independent Retailer

SEPTEMBER 13, 2022

They lacked flexibility in their supply chain management strategies, which did not help them foresee such a drastic change in ordering habits. Such technology will help manufacturers create an agile and scalable supply chain that can resist sudden demand changes and adjust to growing market expectations.

Supply Chain Management 76

Supply Chain Management Shipping Management Inventory Management 76

Wiser

DECEMBER 15, 2020

Third-party logistics, often referred to as 3PL, is the process of outsourcing logistics processes, such as inventory management, procurement, warehousing, and fulfillment, to a specialized provider. Some 3PL providers simply cover partial supply chain services, offering only warehousing, distribution, shipping and receiving, etc.

Fulfillment 135

Fulfillment Shipping Inventory Management Management 135

365 Retail

NOVEMBER 13, 2023

Yet potentially it can be a very rewarding period for sales if forecast and managed correctly. Affecting all sectors, this phenomenon challenges retailers worldwide, driving them to stay on top of trends, customer preferences, and shifting moods. Optimising Inventory Levels Careful inventory management is vital during peak seasons.

Inventory Management 52

Inventory Management Management Planning Drop-Shipping 52

Retail Minded

MARCH 2, 2022

Walmart is one giant retailer that uses hundreds of bots to automate operations, including answering workers’ inquiries, retrieving information from audit papers, monitoring inventory flow, and identifying slow-moving goods and deadstock. Walmart’s back-office manages millions of accounts receivable and millions of employee payrolls.

Payment Services 52

Payment Services Inventory Management Promotions Accounting 52

365 Retail

JULY 19, 2022

To thrive, DTC brands must harness multiple opportunities to build closer bonds with their target customers. Then, they can leverage advanced logistics, supply chains, and customer experience (CX) solutions to unlock their full, dynamic potential. Iterative Customer Experience.

Consumer 57

Consumer Wholesale Supply Chain Management Fulfillment 57

Inside Retail

DECEMBER 21, 2022

With inventory availability being one of the top priorities for shoppers this holiday season, retailers must leverage their inventory management and customer experience tools to optimise their merchandise strategies. Preparing for the rush. About the author: Damien McLaughlin is a director at Oracle Retail.

Supply Chain Management 130

Supply Chain Management Customer Retention Inventory Management Customer Experience 130

I Vend

AUGUST 13, 2023

With the right data at their fingertips, they can understand customer behaviours, see what items are selling where, and what is being returned; get a picture of inventory levels and movements; monitor staff performance, and manage their financials. Retail staff have a direct impact on sales and profit.

Payment Services 98

Payment Services Point of Sale Inventory Management Supply Chain Management 98

I Vend

DECEMBER 10, 2023

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.

Shrinkage 87

Shrinkage Inventory Management Store Layout Checkout 87

365 Retail

MAY 5, 2023

By handling repetitive and mundane tasks, chatbots free up human employees to focus on more complex customer service issues, leading to more efficient operations. Predictive analytics, another AI-driven tool, has been instrumental in helping retailers optimize their inventory management and pricing strategies.

Store Layout 80

Store Layout Promotions Inventory Management Advertising 80