Retail Supply Chain Featured Articles
What The Retail Industry Really Needs To Know About SD-WAN
The retail industry has been experiencing dramatic disruption from the moment e-tailers entered the picture. One major distinction in the world of e-commerce is how much more today’s consumers expect from retailers. The clearest evidence of this trend is the growing demand for a more integrated shopping experience, with the lines increasingly blurred between what happens in a retailer’s physical store and what happens online. All of this places tremendous competitive pressure on retailers—especially smaller retailers—to make their customer experiences as engaging and integrated as possible.
How To Mitigate The Effects Of The Bullwhip Phenomenon
A common phenomenon in all supply chains is the amplification and distortion of demand fluctuations. These start off small at the retail level and amplify further up the chain. When cracking a bullwhip, the handle of the whip moves 60 degrees yet the tip of the whip moves at 360 degrees so the terms bullwhip effect is most befitting. The impact at the retail level is low and escalates further up the supply chain with the manufacturer suffering the most.
U.K. Consumers Maintain Strong Interest In Cash Payments
Even consumers who prefer to pay for purchases with non-cash alternatives such as credit cards and digital wallets still use cash regularly, according to recently published research of U.K. consumers and small businesses. While the preference for cashless payments has grown, there is still a strong interest in using hard, cold cash in many situations. The study, conducted by the U.K.’s Payment Systems Regulator (PSR), found that 69 percent of consumers prefer to use payment cards, but 83 percent had paid with cash for a purchase within the past week.
Implementing A POS System: What Your Staff Should Know
While shopping for a POS system takes a lot of research and the right investment, one of the most important parts of getting a new POS system is implementing it into your current operations. Once you’ve introduced your system to your business, it’s essential to train your staff and make sure they know how to make the best of its capabilities.
Employee Theft Costs UK Convenience Stores £20 Million
Everyone knows theft is a big problem in retail. Not only do shop owners have to guard against shoplifters and scammers, but the sad reality is retailers also must constantly deal with employee theft.
Insights From The Gartner Supply Chain Conference: Digitization And Intelligence Pave The Road To Customer-Centric Supply Chains
It’s time for supply chains to break out of the mindset of being led by the transaction. The message resonated when Gartner’s Tom Enright and Bart DeMuynck presented a look into what’s on the horizon as supply chains grow more intelligence-driven and begin to utilize those insights to serve customers in new and innovative ways.
Cash Wars: Legal Tender Is Still Standing
A solid majority of small business owners (83%) say they will never stop accepting cash payments, according to a recent study. Furthermore, almost three quarters (73%) believe America will never go cashless.
Omnichannel Offers Retailers A Way To Compete
As retailers large and small contend with the disruptive force that is Amazon, they’re looking into various ways to deliver a unique omnichannel experience. The omnichannel combines physical stores with mobile apps, websites and social media to create a consistent experience for customers as they switch between channels to interact with a retailer.
Backlash Against Cashless Stores Grows
In this digital age, cash still represents 30% of all retail store transactions and 55% of transactions under $10. Cash also accounts for almost half (41%) of fast food purchases and a third of transactions (33%) at convenience stores. As mobile wallets and other cash alternatives are introduced, the trend raises the very real question of whether cash needs legislative protection. In a growing number of municipalities and States the answer is yes.
5 Retail Trends For Improving The Customer Experience In 2019
Retail is undergoing a major sea change as retailers reshape the shopping experience. As consumers become more demanding thanks to the conveniences of online shopping, savvy retailers are making strides to replicate – or even surpass that experience – at physical locations. Retailers who make customer-centric decisions, investing in stores, technology, fulfillment and customer service teams will stand to profit.
How Imaging Technology Maximizes Revenue And Prevents Retail Shrink8/22/2018
Self-checkout dishonesty, cashier and shopper collusion, and inaccurate weighing are all risks to retailer profitability. Learn how vision and imaging technology can help any size retailer today.
Taming The Chaos Of Reverse Logistics With Vision & Imaging Technology8/22/2018
The increase in online shopping is creating chaos with returns. Learn how vision and imaging technology can improve reverse logistics for any size retailer today.
Visibility Fills The Gap6/27/2018
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.
The Prospects For Blockchain Adoption In Retail1/2/2018
The supply chain stands to gain big from blockchain.
Retail Technology: Where Are Investments Going?1/2/2018
Omni-channel and personalization are driving new investments both in the store and the supply chain.
Data In Omni-Channel Retailing Is About Art, Not Science1/2/2018
Rhett Butler in Gone with the Wind remarked: I told you once before that there were two times for making big money — one in the upbuilding of a country and the other in its destruction. Slow money on the upbuilding; fast money in the crack-up. Remember my words. Perhaps they may be of use to you some day.
Leading At Amazon10/20/2017
Alexis DePree, VP global supply chain, customer fulfillment at Amazon, explains how her leadership style helps her team operate the e-commerce giant’s complex logistics empire.
Why Legacy Material Handling Systems Stunt Omni-Channel Growth10/11/2017
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.
5 Ways To Boost Holiday E-Commerce Sales10/3/2017
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.
3 Keys To A Successful Omni-Channel Holiday9/26/2017
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.
- Why Retailers Should Equip Their Temporary Holiday Workforce With Mobile Devices
- Traceability: The Solution To Product Recalls
- 4 Reasons You Need To Take Blockchain Seriously
- 5 Ways To Enhance Your e-Commerce Inventory Management Process
- How To Beat Amazon By Digitizing Your Supply Chain
- Why The Distinction Between Online And Brick-And-Mortar Is Dead
- Introducing The Retail Solutions Network
- AV Over IP Creates New ROI Paradigm In Retail Environments
- Utilizing Feature Recognition As A Sales And Marketing Tool For Asset Protection Teams
- The Role Of The Modern CIO