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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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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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Four Pillars of a Successful Business, Part 4

Retailing Insight

T he Magic of Cash Flow: Fueling Business Growth through Effective Management is the final article in a four-part series that explores the four pillars of a successful business. Cash – Manage your cash flow, manage your growth. The first step is understanding what the cash flow challenge of your business is.

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The barcode turns 50 and continues to transform the future

Inside Retail

The barcode was initially developed to improve the checkout experience and inventory management in the grocery sector and it is now used in almost every industry and sector. 2D barcodes are now being implemented on food, pharmaceutical, and other products worldwide, providing even more information and traceability than traditional barcodes.

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