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How to Revolutionize Inventory Management

Independent Retailer

Next-generation analytical and planning tools interpret vast volumes of data so that retailers can predict and react to disruptions before they affect inventory levels. COVID-19 lockdowns accelerated a shift to online shopping that was already well underway. Common Inventory Management Headaches. by Paula Biste.

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How Artificial Intelligence is Reshaping Retail & CPG Marketing

RETAIL MANAGEMENT SOFTWARE

Traditional marketing strategies alone are no longer sufficient in today’s digital age. Enter Artificial Intelligence (AI), a game-changing technology that is revolutionizing the way businesses approach marketing in these industries. This data helps companies make informed decisions about marketing and branding strategies.

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Survival guide: The keys to resilience and success in tough times

Inside Retail

There was good news in January when the Consumer Price Index slowed to the lowest rate in two years; however, experts recognise that the most volatile factors, such as rental rates and energy markets, remain the biggest drivers. Set benchmarks for inventory management, including the rate of inventory turnover and tracking and fill rate.

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How to Win in the Real-Time Holiday Retail Era

Retail TouchPoints

Holiday shopping season is upon us. Last year, COVID-19 lockdowns that restricted shopping at brick-and-mortar stores sent shoppers online. Furthermore, a global supply chain crisis and labor shortages are likely to limit the ability to keep stores stocked throughout the fall holiday shopping season and spur increased consumer demand.

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Retail Assist X Retail Technology Show 2023

Retail Assist

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.

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How Technology is Improving Supply Chains in 2023

Independent Retailer

They lacked flexibility in their supply chain management strategies, which did not help them foresee such a drastic change in ordering habits. The latter caused the delay in production and increased demand on the market. The Impact of Technology on Supply Chain Management. In the U.S., Innovation.

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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. It’s human desire or need expressed through shopping that is considered to be seasonal demand. Optimising Inventory Levels Careful inventory management is vital during peak seasons.