Navigating C-Store Retail Complexities: How Can Automation Help?
With a staggering 150 Million+ convenience stores and a record 160 million transactions per day in the US alone, convenience store retail emerges as a delectable opportunity. However, 42% of the customers shopping at C-stores consider “having the right stock” to be one of the most important factors for a delightful experience. Add the constantly […]
4-Step AI-Driven Action Plan to Ace Convenience Store Inventory Planning
Research shows that the global convenience store market size is USD 663.5 billion, and the revenue projections sit at the USD 3.12 trillion mark for 2028. While the numbers paint a decent picture, stock issues, shrinking profits, spoilage, and loss of sales due to manual promotional planning keep on speed-bumping. Further, 42% of customers point […]
Slashing Inventory Costs With ML-Based Demand-Driven Replenishment Planning
Poor cash flow, pressure from suppliers, locked-in capital, and high wastage – the list of disadvantages of poor replenishment can go on very long to become every retailer’s nightmare. Seasonality, multi-variate demand planning, multi-echelon inventories, inter-SKU effects, and lack of visibility over the supply side all can lead to an inventory fiasco that can erode […]
Strategic Inventory Optimization in Health, Beauty, and Wellness Retail Through Algorithmic Replenishment
Ryan, head of supply chain at a leading beauty retailer, thought he’d nailed the skincare order—all products were in high demand last summer, and he even adjusted the order for demand fluctuations in the last few months. However, even after two weeks, the products still lie on all major stores’ shelves. Overnight, the consumer buzz […]
Riding the Disruption Wave: Why Granular Forecasting Wins in Health, Beauty, and Wellness Retail
Earlier categorized under the standard umbrella of cosmetics, the sector has now branched into health, beauty, personal care, skin care, wellness, and more. What makes it a definite opportunity for retailers is the fact that the industry is about to hit the USD $580 billion mark by 2027. However, the opportunity doesn’t come sans challenges. […]