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Additionally, the fashion industry often encounters supplychain challenges such as inventorymanagement and high return rates. For example, in 2023, beauty and skincare products from France accounted for 58 per cent of all French goods ordered on JD’s cross-border e-commerce platform,” he pointed out.
Retailers had to revolutionize inventory and planning when the pandemic hit, and many businesses are still finding their feet in the post-pandemic economy. Retailers need tools that can connect and correlate all inventory data with the impact of external events. years, on average. .
Whether you run a boutique retail shop or manage an enterprise level operation, finding the right technology to handle your Point of Sale (POS), inventory control, and merchandising planning is critical. But as your business grows, so do the complexities of supplychainmanagement, financial audits, and scalability.
Faster cost savings: Why retailers are embracing offshoring With margins tightening, combined with a shortage of skilled staff, offshoring is emerging as a fast and cost-effective solution for retailers that can’t afford to wait years for a return on investment.
Choosing a provider that takes care of these complexities ensures your ERP delivers maximum return on investment (ROI), so you can focus on scaling your brand. Tracking key performance indicators (KPIs) such as inventoryturnover, order accuracy, fulfilment times and customer satisfaction helps assess performance.
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