Inside Retail

SEPTEMBER 3, 2024

Shopper engagement Chatbots and in-store kiosks: These provide instant assistance to your shoppers seeking information, especially when it comes to those common, easy-to-answer questions. Inventory management Predictive analytics: This helps optimise your stock levels, preventing overstocking and stockouts.

Loss Prevention 245

Loss Prevention Checkout Shrinkage Supply Chain Management 245

Retail TouchPoints

AUGUST 17, 2023

AI can optimize store layouts based on shopper behavior, enhance customer service with AI-powered chatbots and equip businesses with real-time analytics for informed decision-making. She is the VP and Managing Director at IBM , focusing on the consumer-packaged goods, retail and travel and transportation industries.

Consumer 223

Consumer Payment Services Supply Chain Management Store Layout 223

Retail TouchPoints

FEBRUARY 28, 2024

Like LEGO sets that get creative builders started with guided instruction, prebuilt data models like those outlined above can help organizations improve their data management and analysis capabilities, promote collaboration across departments and ultimately make better decisions based on data-driven insights at lower cost, time and project risk.

Inventory Turnover 215

Inventory Turnover Supply Chain Management Store Layout Marketing 215

I Vend

DECEMBER 10, 2023

Inventory management – ‘the right goods, in the right place, at the right time’ sums up the core of retail. So inventory management is essential. Retail technology can streamline inventory management by enabling retailers to accurately track goods from delivery to sale through to returns.

Shrinkage 94

Shrinkage Inventory Management Store Layout Checkout 94

RETAIL MANAGEMENT SOFTWARE

OCTOBER 22, 2024

A centralized database acts as a single source of truth for all business data, allowing retailers to manage information from multiple channels and locations efficiently. Without a centralized database, different stores or departments might rely on separate systems, which can lead to errors, miscommunications, and operational inefficiencies.

Inventory Management 90

Inventory Management Location Management Supply Chain Management 90

RETAIL MANAGEMENT SOFTWARE

NOVEMBER 7, 2023

By analyzing historical sales data, seasonality, and external factors such as weather and social trends, AI algorithms can help businesses make informed decisions about inventory management, pricing, and marketing strategies. Supply Chain Efficiency AI is also transforming supply chain management in the retail and CPG industries.

Marketing 94

Marketing Inventory Management Supply Chain Management Store Layout 94

Retail Minded

JULY 6, 2024

What Are the 4 Ps of Retail Management? The 4Ps of retail management are: product, place, price and promotion. Think about how department stores layout their products; they create an inviting shopping experience that encourages customers to buy. Let’s dive into the details of each below!

Payment Services 52

Payment Services Store Layout Promotions Advertising 52