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Inventory Accuracy: The Not-so-Secret Ingredient for Holiday Sales Success

Retail TouchPoints

With Salesforce’s 2023 holiday predictions forecasting that BOPIS (buying items online for in-store or curbside pickup) will influence $28 billion in incremental sales during the holiday season, retailers seeking to capitalize on this revenue opportunity need to ensure their store operations and inventory management practices are up to par.

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Creating Retail Agility Requires a New Way to Think about Data

Retail TouchPoints

This is problematic because customer data should guide a majority of business decisions including marketing, inventory management, merchandising and more. In another example, a CPG company was managing warehouses with hundreds of employees receiving and shipping perishable food products. Identifying the Right Use Cases.

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Retailers Need to Embrace Technology to Survive in the Omnichannel World

Wiser

This gives your shoppers the visibility into your entire stock, not just the stock of a single store, but also the ability to order out-of-stock items from a store or warehouse nearby. In a quest to make the in-store customer experience seamless, more efficient, and rewarding, Rent the Runway is tapping iOS-based scanners and kiosks.

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IoT Will Transform the Retail Industry: Here’s How

Retail Next

IoT takes inventory management and demand-supply planning to the next level. Advanced analytics can determine shopper activities in-store, including what merchandise and product displays are being engaged with, as well as shopper and employee interactions. Demand-based warehouse fulfillment. Smart transportation with IoT.