It’s every retailer’s dream—getting all the right products onto the right shelves in all the right stores, at the right time.
There’s a lot that goes into inventory planning, which is why retailers rely heavily on things like big data and retail merchandising software to get things done.
From research to surveillance to photography, drones are flying off shelves as more businesses explore commercial applications of this aerial technology.
Explore this retail store layout infographic to find out what some of the best experts have to share to improving your in-store layout.
Retailers have a treasure trove in their retail trade data, which if shared with the suppliers though proper data sharing platforms can generate a steady revenue stream.
Improved visibility and streamlined processes can help retailers optimize safety stock levels. It will not only improve inventory management and assortment at store level but also bring accuracy in demand forecasting.
Retailers can better utilize supplier funds for promotions, share promotion insights real time and recover the investments made for promotions much faster with portal based collaboration.
Efficient store operations can deliver better shopper experiences and drive sustainable retail growth through improved shopper loyalty.
If there is one reason as to why retail companies can have a healthy bottom line, it is because of their ‘like-for-like’ (LFL) growth. But sustaining growth in the LFL stores is a challenge faced across geographies and retailers.
Most retailers still lag behind when it comes to utilizing data for transforming the analytical ability and drawing conclusive insights. More than collecting available and obscure data, it’s the acumen of putting it to effective use which is costing retailers dearly.
As per a Harvard Business Review report, if shoppers fail to find a product that they are looking for, 7% to 25% of them will not replace it with a substitute and around 21% to 43% of them will go to another store to buy the item.
The existing level of retail collaboration with suppliers lacks mutually intertwined processes for co-strategic development and a focus on enhancing shopper experience.
The supply chain collaboration model has got buy-ins from all types of businesses belonging to diverse sectors. But not every alliance between retailers and suppliers has flourished.
In the growing competitive market the success of retailers and suppliers is completely driven by the collaborative and proactive action that they take in the competitive market. Every sqft cost for the retailer should be optimized and sharing actionable information with all the stakeholders on the go is going to be the key differentiator. The […]
Effective supplier collaboration can optimize the procure-to-pay cycle, streamline the process, and increase transparency for retailers and suppliers.
Supplier Collaboration can enable cost reduction, speedy fulfillment, downsized inventories, and many other benefits for retailers, suppliers and shoppers.
To stay on top of the chain, fashion retailers must keep their supply chains malleable, efficient, and well-coordinated.
Convenience stores have always been laggards when it came to technology adoption, but now many are utilizing advanced techniques to entice shoppers.
When 50% of c-store sales are based on impulse, what can retailers do to make customers pick more items on impulse and increase profits?
Shopper marketing is gaining importance in retail and requires a high level of collaboration between retailers and CPG manufacturer for greater efficiency.
Though segmentation had its own benefits, personalization is the new trend taking the retail world by storm.
Predictive analytics can enable convenience store owners to optimize fuel prices, understand shopping patterns, and generate better results.
Learn how Retailers and supplier when collaborate to work towards a common goal can optimize and enhance the value out of the supply chain
Analytics can make an incredible difference in the way Fashion Retail works, right from choosing the best pricing and markdown strategies to predicting the next season trends.
Fashion Retailers can trim the store while increasing the assortment, reduce the inventory while never going out-of-stock and above all boost the customer experience with ‘endless aisles’.
We explore ship-from-store trends and discuss how retailers are using their stores to fulfill online and regional orders, in a move to compete against pure play ecommerce giants like Amazon and eBay
In the world of omni-channel marketing, progressive retailers are implementing new and impactful ways to manage pricing, inventory and multichannel fulfillment to optimize markdowns and cut losses
With SoLoMo strategies, retailers are now able to reach customers at the key intersection of their buying decision in a personalized and relevant manner.
While collecting and mining data for useful insights is an important part of the retail environment today, many retailers and suppliers have discovered the advantages of sharing this data with each other
There’s no denying the opportunities analytics has opened up for retailers over the past few years. See how you can improve collaborative supply chain with predictive analytics.
In a fiercely competitive retail market, suppliers are using downstream data from retailers to gain scarce shelf-space, win customer wallet share and drive supplier collaboration.
Grocery analytics helps grocery retailers gain a closer understanding of shopper behaviour enabling them to optimize stocks and profits
The recently released 2020 Future Value Chain Project identifies 12 trends that are shaping the value chains of the future. In this blog, I will discuss three of these trends which I think have particular relevance to the retail industry. Customers adopting technology: One of the key trends that will impact the retail business is […]
Mobile Business Intelligence and Mobile Analytics are helping retailers with decision-making on the go and quicker responses to fast-changing retail markets
Vendor scorecards offer concrete metrics for supplier reviews and Joint Business Plans while facilitating long-term collaboration for mutual benefit of suppliers and retailers.
Retailers tend to view supplier collaboration as a series of short term, event-based practices.Long term, collaborative partnerships with suppliers is what they should be aiming for.
Mobile Applications (Apps) from retailers offer high engagement and quick results to shoppers on the move and are an excellent platform for retailers to connect with their customers.
An analytical framework to track consumer behaviour and reactions to Social Media and Mobile Commerce (SMMC) initiatives on three parameters – Thinking, Talking and Transacting.