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Why forecasting is critical to success in omnichannel retail

Retail Focus

In our view, Forecasting software is a far more effective approach to supply chain management. Accurate prediction of future demand based on seasonal trends and planned promotional activity drives more informed and timely buying decisions.

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Ecommerce in 2025: How Data Quality Powers Growth and Customer Satisfaction

Retail TouchPoints

Additionally, residential delivery surcharges can be managed effectively by tools like Residential Delivery Indicator (RDI), which categorizes addresses to help companies choose the most cost-efficient shipping methods. This seamless data integration reduces costs and enhances customer service, supporting accurate, efficient order delivery.

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Target Plans Short-Term Profit Margin Hit as it Right-Sizes Inventory for Future Growth

Retail TouchPoints

Target also is revising its sales forecasts, future promotion plans and cost expectations by category. Thomas Goldsby, Professor and Chair in Logistics in the Supply Chain Management Department of the University of Tennessee, noted that supply will be available and the main challenge will be managing promotions.

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Automation Isn’t Always the Answer to Warehouse Inefficiencies

Retail TouchPoints

Supply chain managers are having to become even smarter about how to reduce costs and drive efficiencies throughout their warehouse and supply chain. What’s Keeping Retail Supply Chain Managers Awake at Night? If they don’t already have a seat at the senior leadership table, they should.

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Supply Chain Digitalization Challenges that Every Retailer Faces and how to Mitigate Them

Retail TouchPoints

The cost and time of integrating supply chain management platforms with other IT systems are often very high. Moreover, multi-tiered supply chains across the globe involve multiple stakeholders using different systems, legacy solutions and even paper-based documentation, which creates more barriers.

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Rite Aid Charges New Chief Retail Officer with Developing its Store of the Future

Retail TouchPoints

Rite Aid has promoted Andre Persaud to the role of Chief Retail Officer. In his prior role, Persaud oversaw Rite Aid’s inventory and supply chain management, field team management, store operations, asset protection and facility maintenance and repairs.

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Canada’s New Supply Chain Bill Creates Obligations for Retailers

Retail TouchPoints

After complaints that Canada had for too long turned a blind eye to the problem of forced labor in supply chains, Bill S-211 represents significant progress, aligning Canada with a growing global trend of legislation aimed at eradicating modern slavery and promoting social sustainability. The law, which goes into effect Jan.