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Retail

Retail (158)

Product Data is Sweet Spot for Multichannel Retailers

universal catalogIn many ways, ecommerce is leading the charge in the modern retail market. For one, online retail has managed to stave off some of the economic downturn. Online retail spending reached $44.3 billion in the first quarter of this year – the tenth consecutive quarter of positive year-over-year growth, according to Comscore. Internet retailers claimed 7 percent of the U.S. retail market last year, with sales totaling almost $200 billion, according to Forrester Research Inc.

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The EDI Mandate Letter

surprised-man-reading-letterYour worst case scenario is finally happening. You’ve received the dreaded ‘EDI Compliance’ letter from your largest customer. You don’t use EDI now because you're ‘too small’, and even though you signed a contract that said you’d support electronic trading, you never thought the customer would follow through with it. Now what?

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Food Safety Modernization Act, and What You Need To Do With ASNs

food-safety-modernization-act-S510It's time for grocers to adopt Advance Ship Notices (ASNs)--but the Food Safety Modernization Act (FSMA) of 2011 isn't the most pressing reason.

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Leveraging Stores as Fulfillment Nodes in the Supply Chain

cross-channel-fulfillment-moduleA recent study by Retail Systems Research (RSR) reveals that while more retailers are employing cross-channel distribution models, retailers are still not fully leveraging perhaps their biggest source of inventory - stores.

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Is Social Media Really Sociable?

Fatigued-manIs Social Media all about true interaction between two parties or is it just “tapping keys”? Should the word "social" be changed in Social Media to either "Digital Media" or "Emedia."? We define Social Media as "Digital communication between multiple individuals or organizations in an effort to further the personal and professional endeavors of each,"

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Edge Integration: Leveling the Supply Chain IT Playing Field (5)

iStock 000019549761XSmallFor years innovation and integration in supply chain software was limited to the Global 1000. They purchased multi-million dollar ERP and supply chain apps,  drove integration between trading, partners, demanded EDI connectivity, vendor managed inventory (VMI) , etc.. The ability for small and medium businesses to profit from these strategies was limited. It was simply too costly. Smaller companies simply had to react.  However, cloud computing, e-commerce, and edge integration are changing the game in the most profound way.

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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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Innovation in payment

process updateSometimes "The Payoff" writes about you. Sometimes it's about your customers. Installments like "Qthru Aims for a Different Self Check-Out" obviously apply to the many readers working in retail organizations: a better way to get shoppers through check-out certainly matters to you. Why waste space, though, on currency exchange in Malta or ordering pencils in Pretoria?

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Predicting payment winners: deep complexity

google-wallet-xlI don't know, and I don't care.

Not exactly, but almost. A couple of weeks ago, reader Mike reacted to "Google Wallet: High Risk, High Reward" with sensible questions:

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What's Next?

next big thingThose of us who have been around ecommerce for a few years can probably remember hearing or reading about the ‘next big thing’. Whether that next big thing was handwriting recognition software, the ‘netbook’, server virtualization, or internet TV, it’s been a little hit or miss. That’s to be expected; things move quickly in this hyperconnected world, and technology never stands still.

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