Companies like Amazon, Walmart, Alibaba, and Zara are leading the path in the use of technology and advanced analytics in managing supply chains. Artificial Intelligence (AI) and Machine Learning (ML) are of the hot topics being discussed in the retail world. Across the globe, whether they are grocery, mass merchant, or fashion, retailers are looking […]
In today’s changing market dynamics, the retail business is getting more competitive by the day. Increasing competition by online marketplaces, along with evolving consumer expectations and shopping patterns are making the category management decisions more complex. As customers’ options increase, so do their expectations. Assortment planning decisions made by these teams need to be more dynamic and localized as manual analysis based on broad assumptions and averages do not suffice anymore. Here are the vital capabilities for surviving in the new world of retail.
What is Digital Transformation? A digital transformation requires that companies transform their decision-making processes with technology to enhance customer experience and employee productivity and ultimately improve business performance. Technologies such as artificial intelligence, machine learning, Internet of Things, and virtual reality can aid in this transformation. Digital transformation implies shifting the way organizations interact with […]