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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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BNPL: It’s been a hit for consumers and now businesses get their turn

Inside Retail

Buy now pay later (BNPL) services have quickly become commonplace for consumers. Offering people the ability to spread out their payments for goods and services across regular intervals enables consumers to better manage their own cash flow. Increase payment terms without restricting your cash flow.

Consumer 246
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Europe, Asia fuel Guess’s better-than-expected revenue growth

Inside Retail

Guess Inc has posted a 9 per cent increase in net revenues for the fourth quarter of FY24, which management said exceeded its expectations. We believe we are at an inflection point, and we expect to exceed $3 billion in revenues for the first time in our company’s history with a solid growth plan for our core business,” added Alberini.

Flow 242
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Inside the evolution of BNPL and the modern consumer

Inside Retail

Less than five years ago, many consumers wouldn’t have heard of buy now pay later (BNPL). We take a look at some of the fascinating consumer shifts around BNPL that have happened in the retail landscape lately. Gen Z is treating BNPL like a cash management tool. Trust and the consumer. million Australians (15.7

Consumer 130
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Suppliers: How to get your retail business customers to pay you quicker

Inside Retail

Options such as buy now, pay later (BNPL) services were first introduced to business to consumer (B2C) transactions, giving customers the ability to access products and services they need today while paying at a later date or over a series of instalments. . Boost cash flow. Flexible payments will improve your cash flow management.

Flow 355
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AI-driven solutions take supply chain planning to the next level

Inside Retail

Supply chain disruption may have become a singularly hot topic in retail circles these past years, but a focus on improving supply chain planning and forecasting is far more than just a passing trend. The systems are now being employed to manage volatility in demand and material shortages throughout the global supply chain.”.

Planning 130
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The retail turnaround rules

Inside Retail

A perfect storm of the rising cost of doing business and falling consumer spending is likely to weigh on the fortunes of some discretionary retailers in 2024. Sometimes, sales and margin underperformance happen quickly; on other occasions, it takes a while for management to realise they are trending downward.

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