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What is Lean Retail (+ Why Retailers Must Embrace It)

ToolsGroup

With the advent of globalization, the Internet, and more recently, the proliferation of mobile technology into every aspect of our lives, there has been a remarkable shift in the world of retail from a product-centric to customer-centric model. What is Lean Retail? The impact of lean retail on supply chain management.

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What Are Retail KPIs? The Most Important Retail Metrics in 2023

ShipBob

As a retailer, so much of your time and energy goes into managing your inventory , streamlining your logistics, building partnerships, and curating the customer experience. To find out, you’ll need to track Key performance Indicators, or KPIs, for your retail business. What is a retail KPI? Why are retail metrics important?

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AI in the Retail Industry: Benefits, Case Studies & Examples

ThroughPut

The Evolution of Retail Supply Chain & Logistics: A Pre-AI Overview In the pre-AI era, the retail sector was markedly different, especially since the traditional supply chain and logistics models were largely driven by manual labor. Every decision was based on data generated and analyzed by humans.

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Top 6 Retail Trends & Supply Chain Planning Challenges in 2023

Logistics Viewpoints

Retailers know firsthand how quickly the market can change. Continuing Disruptions in Transportation and Sourcing Materials After the pandemic, retailers are faced with new challenges and disruptions due to global conflicts, trade restrictions, and now recessions. The retailers feel the impacts of the recession fast and deeply.

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Managing E-Commerce Fulfillment Spikes With Data Analysis

GlobalTranz

E-commerce spending will surpass $4 trillion annually by 2020, reports eFulfilmentService, accounting for approximately 15 percent of total global retail spending. This creates a major problem for managing e-commerce fulfillment when orders spike and shippers need to understand how data analysis may help. Download Here.

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Warehouse Management Proficiency Through Mobility Technology

GlobalTranz

The role of warehousing in e-commerce is undisputed, and mobility technology is integral to enhance warehouse management proficiency in the modern world. Warehouse managers seeking to put the power of this technology to work need to understand a few things about making it serve a cost-saving, management-conducive purpose.

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Global Supply Chain Volatility Continues to Moderate But Not Inventory and Warehousing Costs

Supply Chain Matters

Our conclusion from this latest data was that global supply chains have now transitioned away from supply driven contraction to that of product demand driven. However, we would be remiss to not highlight some optimistic data related to overall global supply chain pressures and logistics costs. for September. for September.