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When it comes to technology, today’s retail management solutions are almost unrecognisable compared to their forerunners – the large, fixed in-store terminals where we used to queue up to check out. Not just the store – today’s retail management systems are not just for transacting in the physical store during opening hours.
If there is no partnership, there is no point to making a JBP at all, so emphasising the ‘joint’ aspect of a joint business plan is crucial to unlocking all of its potential benefits. JBPs are fluid, and reacting to changes is as critical to their execution as establishing a clear baseline at their outset.
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