Stock Tracking and Inventory Optimization in the Retail Sector - Multi-faceted Challenges Call for Intelligent Business and Technology Strategies
Datamonitor, March 2006, Pages: 9
Wafer-thin margins, increasingly demanding and fickle customers, intense competition across traditional and new channels and complex supply and distribution networks mean that retailers must seek to create a flexible IT infrastructure that enables and supports the critical compromise between short term tactical and longer term strategic initiatives.
Scope of this title: - Front of house via customer insight and knowledge of local idiosyncrasies. - Rear of house - via supply chain and warehouse bears brunt of increased expectations. - In house via data integration and feeding of decision-support applications
Highlights of this title: Acknowledging local conditions, designing stores & product mixes to maximize sales is a relatively new strategy embraced by retailers designed to address the challenge of presenting the customer with a consistent shopping experience, whilst providing the right core and specialist products to appeal to the widest possible cross section consumers.
Reasons to order your copy: - Understand the competitive issues being faced by retailers. - Gain a greater insight into how technology can be implemented in the retail industry.
