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How AI is set to revolutionise inventory management

Inside Retail

Great product diversity, changing consumer demands, and the expansion of e-commerce have turned inventory management into a major pain point for retailers. Poor inventory management results in overstocking and under-stocking, impaired cash flow, and losses from theft and spoilage. Here are some reasons why: 1.

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How Ikea and Flow Loop are creating the “shower of the future”

Inside Retail

For many people, Ikea is the place to go for bath towels, shower curtains, scented candles and all the other items needed for a relaxing bath experience. Now, they can add a water-recycling shower system to the list, following the furniture giant’s minority investment in Danish start-up Flow Loop. Investing in sustainability.

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“At the starting line”: Building relationships and loyalty over Ramadan

Inside Retail

While certain retailers are identifying the commercial opportunities associated with the month of Ramadan, an expert suggests that Australian retailers are still “at the starting line” when it comes to authentic engagement with the Muslim community. Everyone is at the starting line,” she said.

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Vertical Integration, Collection Software, and Other Trends That can Make a Brand Thrive

Retail Focus

While there are many people who may carry on with online purchases, many others want to get back to traditional stores. Netflix realised there were bigger profits to be had by producing their own material instead of licensing other peoples. Using collection software to increase cash flow. What is the state of British retail now?

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Thriving Through Retail Seasons: Financing Strategies For Consistent Growth

RetailMinded

From the bustling holiday season to the quiet lulls in between, managing cash flow during these ebbs and flows is a critical challenge. Failure to effectively manage cash flow during peak and slow periods can lead to inventory shortages, operational disruptions, and financial distress.

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Australian grocer saves time and money by deploying automated cash handling

Inside Retail

An Australian Asian grocery retailer that is progressively installing automated cash-handling devices across its store network says the technology has cut customer checkout waiting times, reduced manual labour for its staff – and boosted its bottom line. His advice to other retailers considering adopting the solution? “If

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How pharmacies are tapping into personalisation tech

Inside Retail

Customers are already getting used to adopting digital technology to manage their health, whether it be the government’s Medicare app, the MedAdvisor app for prescription management, or retailer apps like Chemist Warehouse’s Health @ Your Fingertips or Amcal’s health management app. How to get started.

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