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RFID-ticketed products are not yet required for drop-ship suppliers. FineLine Technologies is working with vendors that RFID source-tag at their factories, Davidson reported, and that now use the technology for automated outbound shipment verification and automatic advance shipping notification generation.
It was at that point that putting the technology and operations in place to fulfill from an increasingly complex supply chain network embarked upon its next frontier. It was no longer enough to route orders to a handful of DCs and dropship vendors. Checking inventory in a local store but not placing an order?
Dick’s Sporting Goods also attributed part of the brand’s 23% profit drop in the second fiscal quarter of 2023 to theft ( CNBC ). This approach to in-store product placement allows employees to easily monitor popular items and acknowledge customers in areas where they are displayed. According to a June study by the U.S.
KPMG’s survey of retail leaders found that 68% of respondents expect sales to improve over last year, while only 24% expect a drop in sales. This change can be attributed to retailers pursuing better inventorymanagement. Inventory availability is not really a concern that anybody’s pointing to.
In an industry where traditional store-based retailing is still predominant, manufacturers are coping with the changing dynamics of consumer behaviors, business models; and automation. Inventorymanagement and customized customer information will also benefit from these data-driven solutions.
As a retailer, you rely on your POS technology for storeoperations, and you may well have an Enterprise Resource Planning (ERP) system as well or be considering one. iVend’s Retail Management Solution iVend has out-of-the-box connectors for every ERP in the market.
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