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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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3 Expert Perspectives on Why Margin, Experience and Loyalty Will be Key to Winning Holiday 2022

Retail TouchPoints

KPMG’s survey of retail leaders found that 68% of respondents expect sales to improve over last year, while only 24% expect a drop in sales. Kramer expects this to be offset by more promotional activity, which he called “one of the more significant levers that retailers can pull.” Retailers remain bullish despite the headwinds.

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eCommerce Logistics for Retail Stores

Rain Pros

eCommerce has dramatically disrupted the retail sector in recent decades by changing how people shop. The accessibility and convenience offered by online shopping platforms have led to significant shifts in consumer behavior, and traditional retailers must adapt to ensure they remain competitive and meet evolving customer expectations.

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eCommerce Logistics for Retail Stores

Rain Pros

eCommerce has dramatically disrupted the retail sector in recent decades by changing how people shop. The accessibility and convenience offered by online shopping platforms have led to significant shifts in consumer behavior, and traditional retailers must adapt to ensure they remain competitive and meet evolving customer expectations.

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12 Best Ecommerce Platforms and Software for Your Online Store

Small Biz Trends

Besides having a brick-and-mortar shop, going online to offer your products and services comes with lots of opportunities for your business. Ecommerce platforms also help businesses manage their websites, marketing, sales, and other various operations. Top 12 Ecommerce Software Options for Small Business.

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What are Retail Markdowns?

Wiser

Inventory management will rarely be the only thing that makes a retailer successful, but it can absolutely be the something that breaks you. Knowing what your customers like is one thing, but understanding how much of each item you need on shelves and how to price them is where inventory management can go awry.

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How Retailers Overcome Challenges of Seasonal Demand

365 Retail

Another instance is back-to-school shopping when children return to the classroom after summer. There are clear instances when certain products become hot commodities with surging sales while others drop into relative obscurity. It’s human desire or need expressed through shopping that is considered to be seasonal demand.