Inventory & Merchandise Mgmt Featured Articles

  1. A Glimpse Into The Future Of Retail Tech

    EY wavespace™ is a global growth and innovation network where digital communities are brought together to help clients explore new operating models and emerging technologies that can transform their businesses. wavespace’s focus areas include, but are not limited to, artificial intelligence, analytics, blockchain, customer experience, the Internet of Things, user experience, and both virtual and augmented reality. Woody Driggs, EY Americas Advisory Digital Transformation Wavespace Leader, took time to speak with Retail Operations Insights about how these technologies relate to retail, as well as what trends retailers should be aware of.

  2. Holiday Ready? Top Retailers Ramp Up Same-Day Delivery Nationwide

    With over 30 percent of customers wanting express delivery for the holidays, retailers will need to fire up their supply chains to meet peak demand. The last-minute urgency of holiday shopping, combined with record-setting e-commerce sales, are together pushing customer demand for next-day and same-day delivery through the roof.

  3. What Are Consumers Telling Us About Black Friday?

    Regardless of stating a clear intention to participate in Black Friday, consumers appear to be keeping their options wide open when it comes to exactly which items they will buy — and from whom.

  4. Going Global: How Crane USA Embraced Data Standards For Omni-Channel Agility

    In today’s highly competitive retail environment, mounting pressure can surround any brand. Consumers want convenience, quality, and transparency. Retailers want to hold their margins. Manufacturers around the globe seek to minimize costs and balance production windows with accelerated turnaround cycles.With rising demand, manual order fulfillment and inventory management processes simply won’t yield success.

  5. The Future Of Cashier-Less Checkout

    Speed or customer service? Most shoppers face that choice when visiting a typical grocery store and head to checkout. Do they opt for the self-check lane instead of waiting in the full-service checkout line? What do consumers give up or gain with each choice? What do retailers gain or lose?

  6. What Can Retailers Learn From This Year’s Amazon Prime Day?

    In July 2015, Amazon’s iconic Prime Day online summer retail event made its first debut. Fast forward to 2018, and this year Amazon reports its fourth annual Prime Day surpassed all prior sales records in the e-commerce giant’s 24-year history – including every Black Friday and Cyber Monday – with Prime members ordering over 100 million products during the 36-hour sales event. What does this all mean for retailers, and how can they effectively compete? To examine shopper sentiment toward the event and how it’s reshaping purchasing behaviors, Periscope By McKinsey surveyed 3,000 consumers in the U.S., UK, France, Italy and Germany to understand their attitudes and actions during Amazon Prime Day 2018.

  7. How 2018 Tax Changes Will Impact Supply Chain’s Bottom Line

    Organizations must be cognizant of 2018 tax changes because the way they procure their equipment can have a significant impact to their overall business, bottom line and financial performance.

  8. Why Your Supply Chain Is The Key To The Future Of Your Business

    Make no mistake about it; your business’ ability to scale up and sustain itself in the future will be affected in part by how you think about your supply chain and its ability to match your company’s culture and your customers’ expectations.

  9. Why Retail Needs A Web-Enabled Barcode

    Consumers around the globe are scanning products using their smartphones to learn more about what they want to buy — or what they’ve just purchased. Some manufacturers have responded by adding QR codes and secondary barcodes on packages that connect consumers to more product information. Not only do these extra codes take up valuable label “real estate,” but they may not even contain standardized product identifiers like UPCs, causing confusion when scanning at point-of-sale checkout counters.

  10. Maximize Sales During The School Shopping Period By Avoiding Back-To-School Syndrome

    The challenge retailers face during the back-to-school shopping period is navigating how to attract infrequent customers and capitalize on the opportunity for increased sales — without allowing those sales to come at the expense of a poorer experience for “regular customers” who form the backbone of the business over the course of a full year. If you aren’t careful, the sales gains you achieve during back-to-school shopping can come at the expense of diminished revenues over the long-term with your most loyal customers.