Health, Beauty & Wellness Retail: 5 Replenishment Pitfalls AI Can Help You Eliminate
Newly emerging categories, overnight product hits, and social media trends driving demand patterns crazy globally – demand forecasting in health, beauty, and wellness retail can no longer be one-size-fits-all. Hunch-based adjustments to order plans built solely on historical data can undermine your business gains.
Powering Convenience With Replenishment Automation
With 165 million daily transactions in the US alone, the global convenience retail industry is a trillion-dollar industry.
AI-Led Strategic Framework for Automated Replenishment in Health, Beauty & Wellness Retail
New geographic hotspots, diminishing boundaries between wellness and beauty, and rapidly evolving trends steering customer demand patterns – the current beauty, health, and wellness retail ecosystem is abuzz with disruptions.
Future-Ready Retail: Trends Leading the Way to Collaborative Supply Chains
Despite the adoption of automation, the state of collaboration in retail supply chains is mediocre. As many as 45% of businesses grapple with limited supply chain visibility, and only 15% report visibility beyond Tier 1 suppliers.
Trillion-Dollar Opportunity
The global health & wellness market is expected to be USD 8.946 trillion by the end of 2030 and the global beauty and personal care market is projected to generate a revenue of USD 734.78 billion by 2028.
Automating Supplier Management in Convenience Retail
Harnessing AI for Accuracy and Control in C-Store Inventory Planning
Convenience stores face unique inventory planning challenges, ranging from distinct buying preferences in specific segments to fluctuating customer demands based on factors such as the time of day, local events, seasonality, and microtrends. The introduction of mobile apps and ultra-fresh categories, such as food service, has its unique supply chain challenges. With little room to make adjustments on the go, planning accuracy becomes vital.
Intelligent Replenishment for Optimal Demand Fulfillment
Crafting an Intelligent Replenishment Strategy for Optimal Inventory
5 Ways Accurate Forecasting Revolutionizes Replenishment Planning
Accurate measurement of how much the customers will buy is ‘Step Zero’ for ensuring optimal demand fulfillment via replenishment. Explore the critical role accurate demand forecasting plays in replenishment optimization