Artificial Intelligence: Demand Sensing
Imagine you have the powers of Peter Parker; your Spider Senses start tingling and suddenly, you know what your customers are going to purchase BEFORE they pull the trigger on online orders or [...]
Top Retail Technology Trends
Technology plays a vital role in the retail space. Without the introduction of some important tech, businesses will quickly fall behind. The year has just begun and already there are some strong emerging [...]
Do You Control Your Inventory Management System or Does it Control You?
Improving your inventory management processes and systems are often the “poor cousins” when it comes to time and resources spent on ensuring that your products deliver a return on [...]
Christmas Demand Planning
Dealing with rapid fluctuations in demand can be difficult at the best of times, but adding in uncertainty around Christmas and other periods can turn planning into a powder keg. Whether it’s Christmas in [...]
How To Change Your Relationship Status From Vendor To Strategic Partner
Most vendors today will gain access to retail data to their own SKU’s on range within the particular retail-trading partner. This data can then be manipulated at the vendor by a team of [...]
5 Tips for Increasing Stock Turn
A key KPI in retail and warehouse management is stock turn. It’s calculated by dividing a period sales by average stock and is a good indicator of what items [...]
The Mystery Of ‘Lost’ Sales
Even in today’s technology savvy world the challenge of ensuring a product is in-stock for consumers to consider for purchase remains one of the retailers and their trading partners’ biggest challenge. Depending on how [...]
Slow Moving Stock & How To Reduce It
Holding large amounts of product that isn’t selling at stores or moving out of the warehouse is one of the biggest issues faced by retailers and distributors. Holding costs and tied up capital [...]
5 Retail Inventory Management Trends in 2017
Inventory Management is a key area in any retail business. Retailers employ various strategies and tactics in an ever-changing landscape to ensure that the right stock is on the right shelf at the [...]
Integrating Systems in a Supply Chain
With the myriad of ERP, warehousing, finance, HR and other systems available, business tend to gravitate toward a mix of systems to leverage the benefits of each. This is accentuated in small to [...]