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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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Four Ways of Using Cluster Analysis in Retail Management to Improve Sales

Logistics Viewpoints

The retail industry is rich with data. Four Ways of Using Cluster Analysis in Retail. Retailers can apply cluster analysis techniques in different ways to find groups of customers, products, stores, or suppliers that behave similarly. However, using metrics that can be easily tracked and updated is recommended.

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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. That’s why staying on top of the latest supply chain planning trends is so important – they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers’ needs.

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What is Open-to-Buy Planning + The Top Three Benefits for Retailers

ToolsGroup

And one thing’s for sure: Retail is not for the faint-hearted. Retailers face more competition than ever before due to the evolution of technology that has morphed the traditional shopping experience from being purely physical into the digital and omnichannel realm. Why does open-to-buy matter to retailers?

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The Future Of Retail: Technologies Enabling Q-Commerce Growth

Logistics Viewpoints

According to OECD, during the pandemic, brick-and-mortar retail services such as food services saw 7.7% drop in sales while non-store retailers (mostly E-Commerce providers) achieved 14.8% It is now possible for Q-commerce companies or retailers to use this model. He specializes in the digitization of Retail & CPG companies.

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The Changing Face of Retail

Enterra Insights

And the retail sector has certainly been changing, transforming, and evolving over the past few years. Executives in the retail sector have been forced to reimagine what retail will look like in the future, which has required them to change face and to understand the changing face of the business landscape. Putting on make-up?

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