In the era of digitization, businesses have to put up their best to successfully satisfy customers. Subsequently, it’s crucial that retailers adopt up-to-date technology for order management systems precisely in order to survive in this tough competition. More and more retailers with brick-and-mortar stores are gradually shifting into online space, nowadays. And if any business …
Strong supplier relationship management is a must for retail businesses to thrive in this competitive market. During the retail processes, there should be a sense of responsibility and reliability among parties, which will produce an overall growth of the businesses. What Is Supplier Relationship Management (SRM)? Supplier Relationship Management can be defined as a systematic …
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When you own a business, it’s quite important to consider lowering the costs. To maintain a steady supply chain, you need to understand the total cost of its supply chain. Inventory Carrying Cost helps companies to determine how much growth can be made on current inventory. What Is Inventory Carrying Cost Inventory Carrying Cost is …
In today’s digital world, the retailing market has experienced many advancements in eCommerce management. Among various available information, what are the benefits of eCommerce mobile apps, and what are some of the best options? Benefits Of Using eCommerce Apps Applications load faster than websites ECommerce apps often have excellent usability and user engagement The market …
With the current developments of the internet and eCommerce, the mobile-first mindset is here to stay. Mobile-only internet usage has surpassed desktop mobile usage globally. Accelerated Mobile Pages (AMP) delivers a reliable, yet fast web experience. What Are Accelerated Mobile Pages (AMP)? Accelerated Mobile Pages (AMP) was launched by Google, which is an open-source project to …
As a retailer, your main purpose is to grow your company, which can be accomplished by accurate, and on-time delivery of the products. Keeping this in mind, businesses should always strive for the best order fulfillment strategies. What Is Order Fulfillment? Order fulfillment is a process of receiving goods, handling them and delivering orders to …
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The most important and primary goal of any retail business, regardless of size, is to attract and retain customers. When you have a steady flow of customers, you can grow your business to incredible scales. A boutique is a small retail store that specializes in a distinct type of product. They often sell different types …
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Social shopping is also called social commerce, which is the meeting point of social media and eCommerce. According to Statista, 58% of responding US consumers stated they were influenced by social media when making purchasing decisions. With the rights social shopping strategy, customers are willing to make real purchases. Here are 7 tips on using …
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With a steady supply of products and effective inventory management, every company can look towards good revenue. Just-In-Time Inventory helps retailers and manufacturers to lower their storage cost and keep their stock fresh, from that achieving the success vision. What Is Just-In-Time Inventory Just-in-time inventory (JIT) is an inventory management method where goods are received …
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In today’s technology-driven world, many businesses have modified and adapted new strategies to the rising social media. Businesses are now moving to online places to sell their products and approach more customers. Selling on social media has become a new trend for many types of retail businesses. What is social selling? Selling on social media, …
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