If there is one absolute requirement for retail success in this digital age, it is data integration. Your information systems cannot be insular and self-contained. Everything you do for your customers is part of an integrated process.
Retailers of all stripes, shapes, and sizes expend huge effort to bring “The Right Product” to their shoppers across all channels. But how do you identify and distinguish the right product from the wrong?
In this blog we’ll survey processes which help you determine “the right quantity.” With the advent of digital commerce, each of these processes has taken on real-time urgency because of the enterprise-wide need to know current inventory positions.
We are surveying how retailers are enhancing these touchpoints to meet the demands of unified commerce. In each we’ll look at how more robust data integration can lead to greater opportunities to compete in this digital age.
The cost of purchases varies hugely based on how inbound merchandise navigates through the supply chain processes discussed in this blog series. Yet most retailers operate restrictive accounting systems dating back to the brick-and-mortar age that assumes all shipments are created equally.