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The holiday season brings a surge in shopping, both in-store and online. From mountains of packaging to returned products that may contain hazardous materials, management of returned, damaged or expired products becomes increasingly complex and voluminous during the holidays and post-holiday season.
This ensures that like items are not stored randomly across a warehouse and allows retailers to accurately manage inventory. It is important to understand the needs of your business, the demands of your customers and the budget and timelines you will need to create an impact and see true ROI.
“While we’ve returned to some sense of normalcy, the VUCA [volatile, uncertain, complex and ambiguous] proposition has become a reality,” said Dr. Thomas Goldsby, Professor and Chair in Logistics in the Supply Chain Management Department of the University of Tennessee. We’re now battle-tested.”
The retail technology revolution has brought forth many new innovations such as palm scanning and AI chatbots over the last few years, all of which have sought to meet the same goal: improving the customerexperience. This has so far been extremely useful for retailers to manage inventory and monitor products in cases of shoplifting.
It also guarantees that every employee is going to have a tool to help the customer and that they’re going to do timekeeping, schedule management and interacting with management and operating procedures. RTP: You spotlighted smart shelves as a way for retailers to connect their digital and physical experiences.
Perry Ellis is managing this challenge through the rollout of RFID technology, in partnership with Mojix , that will help the retailer manage its supply chain from the store level all the way through broader inventory planning.
That includes POS systems that can manage both merchandise and menu items, as well as inventory management software that once only had to track the latest fashion trends and are now being used to ensure fresh ingredients are in stock for the lunch rush.
That captures the voice of the team and helped us manage through one of the most challenging experiences any of us have had to face,” the COVID pandemic. “We went through the exercise of understanding them and the communities that we operate in. What’s our rally call? It’s that we care, grow and win together.
“We remain encouraged by the growth we are seeing in new customers and have initiated tests in new categories, including loungewear and face masks, as we see the opportunity to benefit from the market disruption. “As
It gives small and medium businesses easy access to an all-in-one e-commerce platform that seamlessly connects their business with shoppers, providing an enjoyable customerexperience that keeps them coming back. StoreConnect e-commerce was designed to deal with this sort of challenge.
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