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From Barcodes to Bytes: Retailers Prepare for Next-Generation UPC

Retail TouchPoints

Get ready, get excited, retailers and customers alike, the 2D barcode, a compact square label with splotches and spaces that encode up to 350X more data than a traditional UPC (4,000 characters) will have a significant impact on managing the business and delivering better customer experiences. alongside a large QR code.

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The Order Fulfillment Process in 2022 and Beyond

Retalon

Why should retailers care about their Order Fulfillment Process? Order fulfillment may seem like a fairly straightforward process and according to the generic “high-level” definition, it is. In fact, the best order fulfillment processes become sources of revenue, profit, and even customer loyalty.

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How to Get Results from your Big Data with Retail AI

Retalon

Businesses collect more data than ever before and from every aspect of the supply and demand chain—logistics; vendor compliancy/lead times; POS data; inventory levels; traffic cameras; prices; markdowns; consumer behavior; demand forecasts; and more. Merchants and inventory managers attended more co-planning meetings.

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5 Vital Considerations for Big Data Analytics in Retail

Retalon

Retail businesses collect more data than ever before, and from every aspect of the supply chain, including: Logistics data (vendor compliance, lead times, etc.). Inventory levels (store, warehouse, distribution centers). Prices (markdowns, promotions, competitor prices, etc.). POS data (sales, returns, etc.). The result?

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12 Critical Retail Industry Performance Metrics (2020)

Retalon

The inventory sitting in stores and warehouses is the single biggest investment that a retailer makes. Throughout the history of retail, success and failure has come down to how well a company manages — and profits from — its inventory investment. How to Improve Inventory Turnover Ratio. In-Stock Percentage.

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The Future of Retail in the New Era of Risk

Retail Prophet

Soon, merchants everywhere began to experience what many thought could only happen in third-world economies and banana republics – panic buying, empty shelves and bottomless backlogs to fill them. McClean had managed to reduce the cost of loading and unloading cargo from $5.83 It proved a short journey with long lasting consequences.