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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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‘Fast Delivery is Table Stakes’: Foxtrot CEO on Standing Out in the Crowded Digital C-Store Space

Retail TouchPoints

Foxtrot is taking its own approach to the rapid delivery market by embracing a fully omnichannel operation. The rapidly growing retailer, which raised $100 million in a February 2022 funding round, plans to open 25 new stores in 2022 , with more coming in 2023. How do you plan on using this capital to expand and improve operations?

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Automation: The Driving Force Behind Warehouse Management Growth

Retail TouchPoints

The ever-changing retail market has made automation a necessity. According to recent research, the global warehouse automation market is estimated to grow at a CAGR of 14%, reaching $30 billion by 2026. Drones: Leveraging drones for shipping and delivery fulfillment came to attention when Amazon revealed their ‘Octocopter’ in 2013.

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eCommerce Logistics for Retail Stores

Rain Pros

It has intensified competition by making it easier to enter the market, offering more choices for consumers and making it easier to make informed choices and demand better value for money. You should plan for scalability from the beginning and ensure the platform can handle the expected growth in orders, traffic and products.

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eCommerce Logistics for Retail Stores

Rain Pros

It has intensified competition by making it easier to enter the market, offering more choices for consumers and making it easier to make informed choices and demand better value for money. You should plan for scalability from the beginning and ensure the platform can handle the expected growth in orders, traffic and products.

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How Retailers Overcome Challenges of Seasonal Demand

365 Retail

There are clear instances when certain products become hot commodities with surging sales while others drop into relative obscurity. COVID-19 Restrictions The pandemic caused unexpected and seismic shifts, with homeware and fitness equipment sales surging while sales of evening wear dropped due to lockdowns.

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4 Ways to Improve Productivity on the Shop Floor

Global Shop

Market-leading productivity can be achieved by testing and defining workflows, simplifying material ordering, ongoing training for employees, regular maintenance of machinery and equipment, and identifying bottlenecks on the shop floor. Manually scheduling with spreadsheets and hand-written charts is about as inefficient as it gets.