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Retail

Retail (131)

The Magic of POS Data - Use It.

point of sale securityEvery transaction rung through an electronic cash register creates more than just a customer. It creates a series of data records that tells a story that is important beyond its use as a financial record to the purchaser and the retailer. Properly used, POS data can provide a history, the present state, and a prediction of the future. But those are only possible if the data is collected, stored, and provided to the right people in a timely manner. Read more...

The Buzz About Omnichannel

Omnichannel-1024x508Is ‘omnichannel’ a sea change, or just a clever name for a reality that’s been around for awhile? After consuming dozens of articles on the subject and reflecting on my own experiences, I’d say it’s some of both but predominantly business as usual in the era of ecommerce.

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Want to Keep Pace with Ecommerce? Sign on to Integrated Electronic Product Catalogs

many catalogs pagesIt goes without saying: Ecommerce has changed everything, from the way we shop to the way retailers stock their in-store and virtual shelves. Consider the endless aisles, with a multitude of product choices and varying price points, and showrooming, the practice involves consumers trying out products at stores and then searching for better deals using mobile commerce.

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Where is Retailing Headed? If You are in the Supply Chain, You Better Know

Choices Direction ArrowsIn April, 2013, Mike Martz wrote about "Omni-Channel". It is all about the way we will be buying as a consumer. He sent an alert to eCommerce and the supply chain that it will have a BIG effect. To me, it sounded like a revolution was coming! I decided to learn more. Read more...

What's Omni-Channel Mean to Me?

thumb Cart-and-SmartPhone-580x360One ‘hot’ phrase that won’t go away any time soon is ‘omni-channel’. Why should it? It’s in the process of changing the way you shop and buy as a consumer, and if you’re involved in eCommerce or the supply chain, it’s having a big effect on your work as well.

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How Sustainable are My Suppliers?

thumb green-recycling-iconI’ve become increasingly interested in supply chain sustainability over the past few months. There’s plenty of activity in that arena and it’s not likely to calm down soon. Sustainability is both good for the environment and great for business, and that’s a powerful combination. Read more...

The New Consumer - How To Get More Walletshare

endless aisleToday’s Internet savvy consumer has any number of options to find, compare, price and buy products, from cars to clothes to computers and more. It’s this shopping smorgasbord, and the online computing that enables it, that is transforming buying habits. But in order to capture wallet share of the new consumer, retailers need to rethink and refine online sales functions, order fulfillment and distribution models and visibility into and management of their inventory and supply chain processes.

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POS Data Sharing – Could the new Merchant Customer Exchange Spur Retailers to Share More with Suppliers?

pointofsalePoint of sale (POS) data has long been the domain of the retailer that collects it. It hasn’t always available – in detail, anyway – to manufacturers and suppliers that could use the data for such things as demand planning, improving supply chains to avoid stock outs and to better understand and act on buying habits so they can more accurately allocate advertising dollars. Of course, all those benefits would in turn benefit the retailers, which could improve planning and forecasting, reduce (or eliminate) stock outs, and even have leverage to enact and enforce service level agreements with suppliers.

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Ship From Store: The Trend In Order Fulfillment

dropshippingIt is no secret that e commerce channels and online sales are a rapidly growing force in the retail sector. In fact, JDA predicts that by 2015, e commerce channels will be responsible for nine percent of total US retail sales. With online sales becoming such a prominent power force, retailers are beginning to think outside the box and come up with ways to better handle their online orders. One unique and emerging trend? Using in store inventory as a way to fulfill online orders.

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Sharing Data Delivers Success

shared dataThe good news is there’s more and more product data available for suppliers and retailers. The not-so-good news is that sharing that data has become overwhelming as economic conditions continue to be a challenge and industry growth is changing the way data sharing continues to grow.

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