article thumbnail

Pilot Company Adopts Machine Learning Platform to Streamline Supply Chain Management

Retail TouchPoints

“We are always looking for ways to enhance the in-store experience for our team members and guests,” said Brian Ferguson, Chief Merchant for Pilot Company in a statement. The 4R Systems solution will build on our existing inventory management processes to simplify store operations and dramatically improve our in-stock position.

article thumbnail

Rite Aid Charges New Chief Retail Officer with Developing its Store of the Future

Retail TouchPoints

Persaud, who has held the role of EVP, Retail since February 2020 , will now be responsible for orchestrating new in-store experiences and operations processes under the retailer’s RxEvolution strategy. During the pandemic, he managed the development of protocols designed to enhance safety for shoppers and associates.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Six Principles for Redefining Retail with Responsible AI

Retail TouchPoints

The role of such a committee — consisting of individuals from different departments and backgrounds — extends from supply chain management to customer interaction. An AI committee can actively oversee the ethical deployment of AI in areas like personalized shopping experiences and customer data usage.

article thumbnail

Old is the New New: How to Take Control of Retail Fundamentals Ahead of Peak Season

Retail TouchPoints

There are really two options to address this dilemma: sharply slash prices, as some big box stores are doing , or manage excess inventory by storing it away until demand increases. . Take Back Control With Tech-Enabled, End-to-End Supply Chain Management.

article thumbnail

Using Prebuilt Data Models? You Should Be

Retail TouchPoints

Like LEGO sets that get creative builders started with guided instruction, prebuilt data models like those outlined above can help organizations improve their data management and analysis capabilities, promote collaboration across departments and ultimately make better decisions based on data-driven insights at lower cost, time and project risk.

article thumbnail

Can Nearshoring Prevent the Next Supply Chain Crisis?

Retail TouchPoints

“While we’ve returned to some sense of normalcy, the VUCA [volatile, uncertain, complex and ambiguous] proposition has become a reality,” said Dr. Thomas Goldsby, Professor and Chair in Logistics in the Supply Chain Management Department of the University of Tennessee. We’re now battle-tested.”

Returns 304
article thumbnail

“20,000 stores in China by 2026 is the target” – Joey Wat, Yum China’s CEO

Inside Retail

Through the supply chain management dashboard, the company can also monitor core suppliers, logistics and store data, enabling more intelligent decision-making. Zhang said that generative AI will also be used for employee recruitment, training, evaluation, promotion and store operations.