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5 Tips to Improve Omnichannel Inventory Management

Unleashed

Many brands are turning to omnichannel inventory management to meet the challenge. We’re going to share five tips to help you make omnichannel inventory work for you. We’ll begin with precisely what we mean by omnichannel inventory management. What is Omnichannel Inventory Management? Image Source: Fit Small Business.

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The Top 15 Retail Trends for 2022

ToolsGroup

Love it or hate it, daily necessities need to be purchased. Whichever reasons fuel the motivations of your target market, here are the top trends shaping how they’ll buy – and how you can stay front of mind and ahead of the competition. Data source: eMarketer. eCommerce Purchases and “The New Normal” Retail Categories.

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ToolsGroup Acquires Onera to Extend Retail Platform from Planning to Execution

ToolsGroup

San Francisco-based Onera provides retail technology that connects inventory across siloed systems and transforms them into a single, real-time source of inventory truth. In addition, Onera allows retailers to optimize omnichannel fulfillment by leveraging advanced machine learning to best determine where to fulfill an order.

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When It Comes To Excess Inventory, Prevention Is Better Than Cure

ToolsGroup

Source: Insider. It’s possible that in the meantime, consumers have gone elsewhere to make their purchases, and demand has diminished before you could capitalize on it. In fact, when a store is out-of-stock for an item they planned to buy, 21% of consumers will leave and buy the item from a competitor. Retail Returns.

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Is A Customer-Centric Strategy the Same as Demand-Driven? Outside-In?

Supply Chain Shaman

The network senses, translates, and orchestrates market changes (buy- and sell-side markets) bidirectionally with near real-time data to align sell, deliver, make and sourcing organizations outside-in. An example is the understanding of the shopper across the moments of truth in omnichannel strategies. The Building Blocks.

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Putting the Planet First: Bringing Sustainability To The Last-Mile With Logistics Technology

The Logistics & Supply Chain Management Society

Parallelly, expectations around the overall purchasing experience have also grown steeper. A 2021 McKinsey study, that when delivery times are too long, almost half of omnichannel consumers will shop elsewhere. Aside from route planning and optimisation, some other avenues worth exploring include: Sustainable Sourcing of Goods.

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Why Omnichannel is Key for Retailers in the Middle East

Locus

To understand how omnichannel is going to help retailers improve customer satisfaction, our panelists, Sugandha Rajput, VP Customer Success at Locus and Shinas Majeed , Group GM – E-commerce at Lulu Group International, are featured in this In Focus webinar episode, ‘ Why Omnichannel is the future of Retail in the Middle East. ’.