How Automation and Advanced Analytics Will Shape Next Generation Merchandising
Retailers are under constant pressure to balance multiple formats, fluctuating demand, increasing customer expectations, endless data, ambitious financial goals, and ever-changing trends. It sounds daunting – and in a lot of ways, it is. The good news is, for every challenge, there are just as many opportunities and innovations that can help forward-thinking companies thrive.
In this whitepaper you’ll discover:
- Why you need predictive analytics and AI-powered automation
- Benefits of automating stock management
- The barriers between customer fantasy and reality
- How COVID-19 has impacted merchandise management strategies
- Why AI is a necessity in Omnichannel retail
You need to take advantage of automation and advanced analytics to ensure that your stock levels and product prices are optimized at all times across all channels. This will take commitment, analytical skills, and a proactive mindset. AI is a tool, and like all tools – its effectiveness depends on the way it’s used.