Modern retailers understand the core benefits of leveraging the power of Predictive Analytics and Artificial Intelligence. Predictive Analytics accounts for all of your company’s relevant data at a micro-level, identifies your business’ trends, opportunities, and influencing factors. It makes recommendations to retailers that will help them increase forecast accuracy, reduce inventory costs, increase in sales, and maintain high customer satisfaction levels.
In today’s technologically advanced world, a lack of data is not the problem. We are currently inundated with information from various sources. Rather, we need tools that consolidate this information, normalize it, and predictively notify users of potential risks. This enables companies to harness information to better control their supply chain. Digitization enables levels of sharing that could not be achieved in the past but it opens our customers up to greater issues around information overload and synchronization. We need tools that can holistically look at the problem and proactively advise customers on the best corrective action plan.
Yesterday, today and tomorrow. As supply chain professionals, we are faced with having to meet the challenges of the most rapidly changing environment witnessed in more than a generation. Ecommerce is being thrust upon us at a breakneck speed.
On Cyber Monday (Nov. 27, 2017), NRF estimates over 120 million people in the U.S. will go online to conduct some of their holiday shopping. While most consumers see this day as the beginning of the holiday shopping season, retailers know the season is really the culmination of months of hard work and preparation.
The importance of delivering high-quality customer experiences in today’s retail space is well-understood. The new challenge has become how to deliver that experience in a profitable way while also keeping up with rapidly-changing consumer expectations, fueled by online retailers.
The holiday season is quickly approaching. This means retailers need to start preparing for the influx of seasonal temporary workers required to get through the holidays.
It seems product recalls are now the norm on a wide range of products from cellphones to ATVs, high heels, children’s clothing, and more. In one week, the CPSC reported several recalls on its website: incorrect venting Nutrilife® hydrogen peroxide bottles cause fires or burns; By Gary Barraco, Director, Global Product Marketing, Amber Road
Retailers are bombarded with so many new technologies it’s difficult to keep up. Each new tool or platform makes bold claims of transformative capabilities. By Sunny Lu, Co-founder & CEO, VeChain
With the surge in the e-commerce, the need to employ appropriate inventory management practices for e-commerce warehousing has increased tremendously. By Kevin Hill, Quality Scales Unlimited
If traditional retailers have not gotten the newsflash yet, here it is: Amazon is coming after your business. As demonstrated by Amazon’s intent to purchase Whole Foods, there is no stopping the e-commerce giant from using its vast resources to continue its pursuit of retail dominance. By Bernard Goor, vice president and industry evangelist, One Network Enterprises
A look at the future of retail in the wake of the Amazon-Whole Foods deal. By Heidi Dethloff, VP, Marketing, Digimarc Corporation
We’re proud to introduce The Retail Solutions Network, a collection of robust, data-rich resources designed to help retailers become an indispensable part of their customers’ lives by delivering the personal experiences that constantly exceed expectations. Comprised of print and digital media, The Retail Solutions Network aids every member of the retail enterprise from the corner office to the store floor.
Our lives — at work and play — revolve around computer networks. And in retail, most of the technologies we use are IP-based and connect to, or through, the network: VOIP/telephony, WiFi, cell phones, conferencing, control signals, access control, CCTV, etc. And that’s not to mention the impact of cloud computing on our daily routines. Everything lives through “the network.”
Retail places emphasis on loss prevention techniques which help companies recover losses. With criminals continually developing more sophisticated ways of stealing company assets — internally and externally — business has had to respond. Technology has been used to make detection techniques better and recovery easier.
Today’s retail CIO must be equal parts technologist, trusted advisor, and business co-creator.
Innovation, collaboration, and change are the keys to remaining relevant in today’s evolving retail landscape.
A Retail Value Chain Federation (RVCF) survey sheds light on how to drive fill rate performance improvements.
A nimble, efficient supply chain is vital to retailing success but very difficult to build and maintain. RetailSupplyChainInsights.com and the RetailSupplyChainInsights newsletter are the premier business strategy resources to help retail professionals overcome supply chain complexities. The exclusive editorial we produce addresses current topics, trends, and technologies that enable an effective supply chain.
The internet disrupted everything from education to government to personal communications. E-Commerce turned brick-and-mortar retail, transportation, entertainment, and logistics upside down. Now, in the business-to-business (B2B) space, a convergence of maturing technologies is set to disrupt supply chains, distribution networks, and inventory management — just for starters.
With the ever-increasing impact of digital channels on consumer behavior, retailers need better tools and approaches to remain competitive.