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The New Normal: Predictions for Retail in 2021

ToolsGroup

In episode six of Be Ready for Anything, ToolsGroup’s Pre-Sales Manager for Europe, Birger Klinke, talks about what retailers should expect in 2021 and how they can leverage probabilistic forecasting and automation to adjust to a changing marketplace. Check out the video below. Or listen and follow on Spotify. Transcript.

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Editor’s Choice: 8 Supply Chain Planning Challenges Retailers Will Face In 2022 And Tips To Overcome Them

Logistics Viewpoints

Here are the challenges retailers may face in their supply chain operations in 2022 and some tips for overcoming them. As we have seen in 2021, businesses automated and integrated supply chain planning capabilities, including demand-sensing , dynamic safety-stock management , inventory optimization , and external collaboration.

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Finished Goods Inventory: Definition & Formula

Unleashed

Finished goods inventory are products that have been through the manufacturing process and are now ready for sale. This article breaks down how finished goods are calculated and some key inventory management methods for tracking them as they move through your business. What are finished goods inventory?

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Inventory Carrying Cost: Formula, Definition & How to Calculate

Unleashed

Inventory carrying cost is an essential figure to understand. Without it, you’ll struggle to accurately measure profitability or make informed decisions around inventory management and cash flow. What is inventory carrying cost? Why is inventory carrying cost important?

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Cognitive Technologies in the Retail Space

Enterra Insights

Although every economic sector undergoes constant change, the retail sector has probably seen more changes in a shorter period of time than most other sectors. With all of the changes in the retail environment and the continued shift away from conventional technologies, cognitive computing in retail is becoming increasingly important.”[1]

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What is Inventory Tracking? Methods, Challenges, & Systems

Unleashed

Effective inventory tracking is a critical component of inventory management. There are two main ways businesses can track inventory: manually, using spreadsheets and logbooks; or automated, using inventory software systems. What is inventory tracking? It helps to reduce inventory shrinkage and loss.

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ToolsGroup Ranked Top in Three FeaturedCustomers Award Categories

ToolsGroup

The report is based on the curation of authenticated case studies, testimonials, and videos from across the web, telling a complete story of vendors through real customer experiences. About ToolsGroup: ToolsGroup’s innovative AI-powered solutions enable retailers, distributors, and manufacturers to navigate through supply chain uncertainty.