We call a digital transformation a journey for a reason – it’s a multi-step process with stops and adjustments along the way. It need not be a rocky journey; with the right solution in place and the right team along for the ride, it can be smooth(er) sailing.
If your organization is looking to make big improvements to your bottom line, a new inventory management system could be the solution to a problem you weren’t actually aware is impacting company success–especially for organizations using paper-based processes or multiple disconnected ERP and inventory systems. Systems, or a lack thereof, could be limiting profits and holding back improving customer satisfaction. Optimizing inventory movement is key to improving success.
To achieve an optimized supply chain, many factors have to come together to reach the inventory “perfect storm” and achieve organizational efficiency. One of the most important factors is inventory accuracy, or the ability to know exactly where inventory is at all times, whether it’s in the warehouse, in the field or at remote locations.
This year at SuiteConnect West in San Francisco, DSI’s VP of Cloud Inventory Solutions, Bob Carver was invited to join Commerce Marketing Analyst and podcaster, Gregory Zakowicz on the Commerce Marketer Podcast sponsored by Oracle Bronto Software. Their conversation flowed from consumer, retail and supply chain trends to last-mile logistics and digital transformation.
The past few years have been filled with the fear of an impending “retail apocalypse” that will leave all physical stores empty and abandoned in its wake. In 2017 alone, 21 major retailers filed for bankruptcy. But in their State of Retail 2017 report, TimeTrade found that more than 70% of consumers would still prefer to shop a brick and mortar store over its online counterpart. If consumers still want to shop in store, what is actually contributing to the retail apocalypse?
“End-to-end” is a hot term now in the inventory management industry. But what is it, and why is it so important?