From Reactive to Predictive: The AI Leap in Grocery Retail Replenishment
The gap between “digitized” and “intelligent” replenishment is where millions in revenue, customer loyalty, and operational efficiency are won or lost. Whether your grocery store replenishment is going to be a tale of success or a saga of misery from wastage or losses hinges on the accuracy of your forecasts and the adaptability of your […]
What’s Breaking Forecast Accuracy in Health, Beauty & Wellness Retail? And, How to Fix It?
The darling of the consumer goods market, the $646.20 billion global beauty and personal care market is expanding its scope and definitions. Be it products or segments, the health, beauty, and retail ecosystem is bubbling with constant transformations – wellness and beauty merging to form highly nuanced products for Gen Alpha, while adaptogens and dermal […]
Is Your Replenishment Truly Strategic? Top Priorities for Health, Beauty, and Wellness Retailers
With 95% of consumers planning to increase their spending, the trillion-dollar shiny and glamorous retail segment of health, beauty, and wellness is a ripe opportunity up for grabs. However, new geographic hotspots, diminishing boundaries between wellness and beauty, and rapidly evolving trends are setting the stage for adaptive and agile retail planning. Is your replenishment […]
Navigating the Beauty Maze: AI’s Role in Retail and Supply Chain Planning
In the bustling world of health, beauty, and wellness retail, staying ahead of the curve is not just a strategy – it’s a necessity. With customers demanding more personalized experiences and seamless transactions, retailers are faced with a myriad of challenges. From managing promotions to balancing complex product assortments, the road to success can seem […]
Reducing Inventory the Smart Way with Retail Artificial Intelligence
The Inventory Dilemma We All Face You know that feeling when you open your closet and find it crammed with clothes you never wear? Well, that’s a bit like how traditional inventory management works. Imagine you run a retail store, and you’re stocking up on products, hoping they’ll fly off the shelves. But often, they […]
AI-Driven Replenishment Planning Solution: A Game-Changer for Retailers
Replenishment planning is a crucial aspect of grocery retail. It involves ensuring that shelves are stocked with the right products in the right quantities at the right time. In today’s dynamic market, demand planners and supply chain managers have to deal with a new set of challenges such as volatile demand, supplier unpredictability, missing historical […]
Expert Opinion: Is Supply Chain Collaboration The New Frontier Of Growth In Retail?
The pandemic might be close to the end thanks to public health programs, inflation may be easing and supply chain disruptions may be on the wane. But 2023 is nevertheless going to be defined by uncertainty, according to Michelle Evans, Euromonitor International global lead of retail and digital consumer insights. One of the main reasons […]
Why You Need to Rethink Supplier Collaboration
[vc_row pix_particles_check=””][vc_column][vc_column_text css=””] In 2023, retail firms understand the impetus of matching the elevated pace of business while also responding to supply chain collaboration challenges with agility. In this new normal, suppliers have emerged not just as providers of goods but as strategic partners. According to The Future of Procurement, Making Collaboration Pay Off, by […]
5 Reasons Why Your Store Replenishment Might Be Ineffective
While marketing, merchandising, and buying take the center stage when one talks about retail planning and operations, what gets relatively less attention is the store replenishment optimization process. How effectively you manage your store replenishment ultimately decides whether the product reaches the customer when she needs it. According to an estimate, it costs retailers over […]
9 Best Practices in Demand Forecasting for Grocery Retailers
With retail supply chains becoming more complex, retailers are turning to smart demand forecasting wherein algorithms do all the heavy lifting. Learn more.