Sorry, but your login has failed. Please recheck your login information and resubmit. If your subscription has expired, renew here.
It may seem anachronistic to begin an article about today’s digitally-connected, omni-channel supply chain with a quote from an 18th century Scottish poet. However, many retail supply chains have operated from the principal: “The best-laid plans … may still go wrong.”
In the retail world, inaccurate forecasts and plans too often lead to over-stocks of all the wrong items, out-of-stocks of the right items, lost sales opportunities and reduced profit margins.
Getting inventory right in the distribution center and on the store shelf is an imperative in today’s hyper-connected and always-on world, where consumers rule. They now have at their fingertips access to real-time information that helps them make informed decisions about product purchases, shopping preferences and recommendations. Coupled with a social mindset, it’s no wonder that the digitally-connected, agile and omni-channel supply chain is top of mind for most retail supply chain professionals.
This complete article is available to subscribers only.
Log in now for full access or start your PLUS+ subscription for instant access.
SC
MR
Sorry, but your login has failed. Please recheck your login information and resubmit. If your subscription has expired, renew here.
It may seem anachronistic to begin an article about today's digitally-connected, omni-channel supply chain with a quote from an 18th century Scottish poet. However, many retail supply chains have operated from the principal: “The best-laid plans … may still go wrong.”
In the retail world, inaccurate forecasts and plans too often lead to over-stocks of all the wrong items, out-of-stocks of the right items, lost sales opportunities and reduced profit margins.
Getting inventory right in the distribution center and on the store shelf is an imperative in today's hyper-connected and always-on world, where consumers rule. They now have at their fingertips access to real-time information that helps them make informed decisions about product purchases, shopping preferences and recommendations. Coupled with a social mindset, it's no wonder that the digitally-connected, agile and omni-channel supply chain is top of mind for most retail supply chain professionals.
SC
MR
Latest Supply Chain News
- Few executives believe their supply chains can respond quickly to disruptions
- Technology’s role in mending supply chain fragility after recent disruptions
- Tech investments bring revenue increases, survey finds
- Survey reveals strategies for addressing supply chain, logistics labor shortages
- Israel, Ukraine aid package to increase pressure on aerospace and defense supply chains
- More News
Latest Podcast
Explore
Topics
Software & Technology News
- Technology’s role in mending supply chain fragility after recent disruptions
- Tech investments bring revenue increases, survey finds
- Survey reveals strategies for addressing supply chain, logistics labor shortages
- AI, virtual reality is bringing experiential learning into the modern age
- Humanoid robots’ place in an intralogistics smart robot strategy
- Tips for CIOs to overcome technology talent acquisition troubles
- More Software & Technology
Latest Software & Technology Resources
About the Author
SCMR Staff
Follow SCMR for the latest supply chain news, podcasts and resources.
Follow SCMR on social media.
@SupplyChainManagementReview on Facebook
@SCMR on Twitter
SCMR on Linkedin
Subscribe
Supply Chain Management Review delivers the best industry content.
Editors’ Picks
