3 Reasons to Infuse Advanced Analytics into Your Allocation Process

What if you could travel back in time?

Back to the exact moment you determined which inventory needed to be allocated to each store for the 2017 holiday season.

The only difference this time around is you’d know exactly what sold at each location because your ‘future self’ would know every single purchase made. Then, you'd be able to make the best use of inventory by knowing exactly where each product was going to sell — prior to the hectic holiday season plagued by unpredictable spikes in demand.

Why, wouldn’t that be nice?

Unfortunately, the ability to travel back in time just isn’t an option. We’re stuck making do with historical sales performance, trends, or manual-based analyses to distribute inventory across stores.

To put it plainly: we’re placing huge bets on our inventory.

Since time travel isn’t a thing (*sigh*), retailers must infuse advanced analytics into their allocation processes to improve inventory bets across each store location. Here are three reasons why:

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Topics: retail news, brick-and-mortar retail

A Look at Retail's 2018 Q2 Earnings

It’s halfway through the year, so it’s only natural to take a step back to get a pulse on the retail industry as whole. As the back-to-school season winds down and retailers start to prep for the holiday season during the second half of the year, it’s time to reassess where some of the major players stand.

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Topics: retail news, brick-and-mortar retail

Top Retail Industry Experts You Need to Follow on Social Media

With the constant stream of blogs and articles pouring into the chaotic whirlpool of retail news each day, prioritizing what to consume on the reg. can get pretty overwhelming. For that reason, we pulled together a list of top retail industry influencers to follow across social media (Twitter, LinkedIn, Facebook, etc.), whose fresh perspectives have proven useful and insightful time and time again. 

Listed in alphabetical order, check out this list of notable retail industry experts you need to follow on social media for unique and quality content on the happenings behind the long, unpredictable retail journey ahead of us:

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Topics: ecommerce, retail news, brick-and-mortar retail, consumer insights, consumer trends, technology adoption

Why the Biggest Problem with AI is Human

Every brand in retail is talking about AI. We’ve read the reports, the articles, and the survey results about all the different pain points AI can solve for retailers. From all the chatter around groundbreaking innovations and the changing retail industry, brands understand this need for technology in order to adapt. 

And there isn’t a shortage of technology solutions out there either—retailers have a ton of options. 

Understanding this need, the need for tech, then why is it so difficult to actually adopt? Why are retailers still struggling to keep margins afloat and adapt to the digital consumer? 

What’s the biggest problem with AI in retail?

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Topics: artificial intelligence, inventory optimization, machine learning, data, advanced analytics, digital transformation

How Retailers Like Target and Walmart Prep for Back-to-School Shopping in 2018

“Back-to-school (B2S) season is the second-biggest shopping season of the year, with 29 million households across the United States planning to spend a total of $27.6 billion.”- Deloitte

Although it may feel like school just got out for summer, it’s never too early to start delivering on the back-to-school rush of sales, promotions and events.

With Prime Day under our belts and many legacy retailers looking for ways to compete during the summer months, we have our eyes glued to how a couple of major brands are offering a back-to-school shopping experience like no other. 

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Topics: customer experience, back to school, convenience, consumer habits, delivery, consumer trends

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