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The Top 15 Omnichannel Retail Trends to Watch in 2022

ToolsGroup

Using shop-by-store features to check inventory availability before going to make purchases in-store. When looking at how omnichannel retail increases sales, consider the fact that 54% of consumers say they are likely to look at a product online and then purchase it in-store. Inventory Visibility.

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Custom Build or Off-the-Shelf or a mix?

The Logistics & Supply Chain Management Society

She explained that she owned a Warehouse Management System, purchased a Proof of Delivery Software as a Service, implemented a licensed-to-use Accounting & Distribution System, deployed a customised online Order Management System and that she is struggling with fragmented data and documents across these systems.

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The drive to onshore Australian manufacturing

SYSPRO Smarter ERP

Many operations turned to lean manufacturing to take any inventory out of their pipelines that could put their supply chain on the line. The pandemic highlighted the need for Australia to manufacture more products for itself. Australia already has all the elements required to build a competitive advanced manufacturing sector.

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The Hidden Costs of Ghost Inventory: What You Need to Know

ShipBob

These physically unaccounted-for units of inventory called ghost inventory, or phantom inventory , are a more common challenge faced by retailers than you think. Often, the items accounted for in the asset register do not reconcile with what is in the inventory. What is ghost inventory?

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Your Expert Guide to Inventory Audits: Best Practices & Tips 

ShipBob

Table of Contents ** Minutes What is an inventory audit? When it comes to selling goods, ecommerce businesses may audit their inventory — whether it’s for tax purposes annually or to simply verify units on hand. Inventory audits can be done in-house or by a third party and represent one point in time. What is an inventory audit?

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How Technology Can Help Small & Medium-Sized Businesses (SMBs) In The Supply Chain World

Turvo

Consumers or business owners create a purchase order. billion by 2027 , most large organizations are heavily invested in supply chain management technology and tools. billion by 2027 , most large organizations are heavily invested in supply chain management technology and tools. Making supply chain technology accessible to SMBs.

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What You Need To Know About The State Of The Retail Worker Shortage

ToolsGroup

Yet according to retail advisory firm IHL , “The most significant challenges to inventory distortion are the availability of workers and the disruptions outside of the immediate control of the retailer.” Moreover, the new policy of purchasing online and picking up in-store adds to the already high-stress environment for in-store employees.