Thom Riley

Walmart is finally moving forward with Electronic Shelf Labels (ESLs). While ESLs are common today, scaling them to 2,300 Walmart stores is a significant and challenging decision. Implementing this technology requires a substantial investment and careful planning. Strategic thinking is crucial for such an investment. 이마트 (Emart) Tech was able to start this journey five years ago, benefiting from a relatively smaller scale compared to Walmart. Great move, Walmart! #ESL #Innovation #Emart #EmartTech #Technology https://lnkd.in/gC2rbbu6

5

HotWax Commerce's latest updates for May 2024 are here! Store Associates can now view the ATP Computation of products directly on their handheld devices, providing enhanced inventory explainability and improving operational efficiency. Additionally, retailers can now manage multi-currency sales orders and returns, ensuring seamless transactions in international currencies and offering a better experience for global customers. Stay ahead of the competition and streamline your eCommerce operations with HotWax Commerce. Check out our full release notes here: https://hubs.la/Q02BVwqx0 #ShoppingadntheRetailIndustry #eCommerce #Retail #Omnichannel #ProductUpdate #ProductRelease

4

1 Comment

Costco is building out an ad network built on its trove of loyalty membership data, using its 74.5 million household members’ shopping habits and past purchases to power targeted advertising on and off its website. The wholesale retailer is still testing such capabilities, and it’s fielding offers from potential ad-tech vendors, but the move signals that the third-largest retailer in the US could become a formidable player in the already deeply fragmented retail media space, which is estimated to reach $166 billion by 2025, and responsible for 20% of all digital media spend this year, according to eMarketer. #retailmedia #costco #wholesaleclubs

6

What’s new at ASG: Empowered by a dynamic team of 20 ASG consultants, we revolutionized pricing operations for a major retail chain. By transcending manual processes, we elevated efficiency and bolstered profitability across 115 stores in four distinct markets. Our modernization efforts didn’t just streamline operations; they fostered a culture of satisfaction among customers and employees alike, driving a new era of retail excellence. Connect with us to see how we can help transform your operations and ensure your business achieves its strategic objectives #BuildyourteamswithASG #Retailsector #Pricing #Tech #hiring #retailchain #committedtoexcellence #staffingexpertise #Staffingprofessionals

6

“I’ve always said that demand planning is the key. It sets the pace for our supply chain and prepares the ground for everything else – strategically, tactically, and operationally. Thanks to the statistical forecasting capabilities of RELEX, our demand planning process is now automated. Not only does this save valuable time, but we’re also getting much better forecast accuracy.” Arijit Saha, General Manager of Supply Chain at Tegel Foods Ltd, sheds light on how Tegel has benefitted from RELEX Solutions software. #CaseStudy #SupplyChain 

6

Dear Retail Friends,   If you’re a wholesaler, access to data from suppliers and retail customers is critical in enabling optimal service levels with minimal inventory. But getting that data, and acting upon it, can be challenging.   While there are many hurdles to this kind of collaboration, it can be done. And the benefits are numerous – not just for wholesalers, but their suppliers and retail customers as well.   https://lnkd.in/dbxub36v   #supplychain #supplychainoptimization #wholesaledistribution The future of wholesale supply chain collaboration | RELEX Solutions Unlock insights on boosting wholesale collaboration for supply chain efficiency and profit in this expert interview.

15

In today's retail landscape, the fusion of online and brick-and-mortar shopping experiences has become the norm. Customers can seamlessly choose between digital platforms and physical stores, demanding convenience and efficiency at every turn. However, for smaller retail players, navigating this omnichannel terrain poses unique challenges. Enter the Omnichannel Order Management System (OMS) – a solution for businesses of all sizes that is customized to streamline operations and ensure a seamless retail journey from click to doorstep. Whether you're a growing mid-sized enterprise, the benefits of an OMS are undeniable; it offers scalability, cost-efficiency, and most importantly, a competitive edge in today's retail. With an OMS in place, retailers can effortlessly track inventory in real-time and deliver premium customer experiences at every touchpoint. Ready to revolutionize your retail game? Dive into HotWax Commerce's blog and discover how Omnichannel OMS can elevate your business to new heights. https://hubs.la/Q02wH2WH0 #ShoppingandtheRetailIndustry #eCommerce #Retail #Omnichannel #OrderManagementSystem

2

In today's retail landscape, the fusion of online and brick-and-mortar shopping experiences has become the norm. Customers can seamlessly choose between digital platforms and physical stores, demanding convenience and efficiency at every turn. However, for smaller retail players, navigating this omnichannel terrain poses unique challenges. Enter the Omnichannel Order Management System (OMS) – a solution for businesses of all sizes that is customized to streamline operations and ensure a seamless retail journey from click to doorstep. Whether you're a growing mid-sized enterprise, the benefits of an OMS are undeniable; it offers scalability, cost-efficiency, and most importantly, a competitive edge in today's retail. With an OMS in place, retailers can effortlessly track inventory in real-time and deliver premium customer experiences at every touchpoint. Ready to revolutionize your retail game? Dive into HotWax Commerce's blog and discover how Omnichannel OMS can elevate your business to new heights. https://hubs.la/Q02z4jyG0 #ShoppingadntheRetailIndustry #eCommerce #Retail #Omnichannel #OrderManagementSystem

1

Greg Wilson and Alex Jobin share how RELEX enhances inventory management for groceries, ensuring product freshness and reducing waste. Dive into how we're leading with sustainability in retail in this article from Supermarket Perimeter. #retail #supplychain

5

"We've been able to see a five times improvement in our inventory process" Joseph Warakomski, CIO of Romark Logistics, discussed how our solution has improved their productivity in this SupplyChainBrain case study interview with our VP of Customer Success, Sean Mitchell. In addition to the productivity improvements, Joe and Sean also discuss: 1. How easy our solution was to implement and that Romark needed to make very few changes to their environment. 2. How excited the employees were and how there was a renewed interest in the inventory analyst roles at Romark. 3. How Romark's customers love the solution because Romark can complete the inventory counts much quicker and because of the high level of fidelity with the inventory recognition Watch the case study here 👇 https://hubs.li/Q02C8wwb0

8

Amazon continuing its test & learn strategy to expand its grocery business. Also noteworthy is that it includes grocery retailers on Amazon.com, not just its own grocery ( continuing to build an ecosystem and offer more to customers) Excerpts: Dive Brief: Amazon announced Tuesday a new grocery subscription available to Prime members and customers using EBT. The subscription, which costs $9.99 per month for Prime members and $4.99 per month for non-Prime members with an EBT card, provides free grocery delivery on orders over $35 across Amazon Fresh, Whole Foods Market and grocery retailers on Amazon.com such as Cardenas Markets and Save Mart.   The subscription adds to the string of changes Amazon is making to its grocery offerings as it looks to sharpen its presence as a grocer as well as bolster its Prime membership. Dive Insight: Amazon is positioning its new grocery subscription as a “low, monthly fee” that “pays for itself” after one delivery per month. “Our goal is to build a best-in-class grocery shopping experience — whether shopping in-store or online — where Amazon is the first choice for selection, value, and convenience,” Tony Hoggett, senior vice president of worldwide grocery stores at Amazon, said in an emailed statement. “We have many different customers with many different needs, and we want to save them time and money every time they shop for groceries.” Grocery delivery has been one area in particular that Amazon has grappled with recently. In January 2023, Amazon Fresh raised its threshold for free delivery to $150 but then 10 months later lowered that minimum to $100. A month later, Amazon said it started offering grocery delivery and free pickup to non-Prime members in all markets where its Amazon Fresh stores and online services operate, with plans to expand grocery delivery and free pickup from Whole Foods to shoppers who aren’t Prime members. #amazon #grocery #ecosystem

1

Is your online store grappling with inventory challenges? In the world of omnichannel retailing where retailers fulfill online orders from stores managing inventory can be a complex puzzle. One of the most common headaches? Dealing with "inventory variance." When store associates encounter an online order item they can't fulfill during the picking process, they need an efficient solution. This is where HotWax Commerce's Fulfillment App comes into play. Discover how HotWax Commerce's Fulfillment App streamlines logging of inventory variances: 📦 Seamless Variance Logging: Store associates can easily record inventory variances, along with the relevant reason. Whether it's an item being out of stock or other issues like mismatches, damages, or worn displays, the app has it covered. 🔄 Real-time Inventory Updates: When an item isn't available and store associates record the inventory variance “not in stock”, the inventory for that specific items is zeroed out. This ensures that orders for unavailable items are not routed to that store location and prevents overselling. 🔒 Location Blacklisting: On recording variance reasons such as mismatches, damages, or worn displays, the store location is automatically blacklisted for 24 hours. This again ensures that orders for that specific item are not routed to this location during the blacklisting period, guaranteeing a smoother fulfillment process. 🛠️ Custom Configuration: To further streamline fulfillment operations, retailers have the option to configure variance reasons and determine whether or not to make adjustments to inventory levels. Say goodbye to inventory headaches and enhance your online store's efficiency today! Explore HotWax Commerce's order fulfillment capabilities to learn more. https://hubs.la/Q02vHqvT0 #ShoppingandtheRetailIndustry #eCommerce #Retail #Omnichannel #OrderManagementSystem #InventoryManagement

7

Walmart has made a lot of news this year with a variety of announcements about AI, part of its new "adaptive retail" strategy. A new GenAI-powered search experience is now available to iOS customers. The enhanced search experience allows customers to now search by specific use cases, e.g., a football watch party versus individual searches for chips, wings, drinks and a 90-inch TV. It generates relevant, cross-category results. An expanded grocery InHome replenishment offering leveraging AI that promises refrigerators will be stocked by Walmart associates with the right items at the right time. A new exit program at Sam's Club using AI to allow members to skip receipt verification. And a new social commerce platform called Shop with Friends that takes AR shopping to the next level by enabling customers to share the virtual outfits they create with friends and get feedback on their fashion finds.  | Progressive Grocer https://lnkd.in/gF29Smb7 #retail #supermarkets #artificialintelligence #AI #digital #Walmart

5

Hello Retail Friends,   I cannot stress enough how important fresh products are to grocery retailers. When it comes to inventory planning, “point solutions” that lack end-to-end integration and only address store-level planning simply are not enough!   Retailers need proven, multi-echelon planning solutions that extend beyond the store - unifying, automating, and optimizing planning in stores, DCs, and omnichannel. This is the only way to get crucial visibility and insight across the end-to-end value chain.   https://lnkd.in/ej53RsFV #supplychain #grocery #freshproduce How to improve retail fresh food inventory management | RELEX Solutions Tackle fresh food inventory management challenges head-on with the right strategies and robust planning software. www.relexsolutions.comhas context menuCompose

11

Are you struggling with slow-moving inventory in your retail operations? Managing slow-moving inventory can be a challenge, but it doesn't have to be a stumbling block. By implementing these strategies, retailers can optimize their inventory management and set their businesses on a path to success. 🔸 Offer Omnichannel Fulfillment Options: Providing seamless omnichannel experiences, like Buy Online Pick Up In Store (BOPIS) and Same-Day Delivery, can encourage sales and increase inventory turnover. With an Omnichannel Order Management System, you can easily track inventory, streamline order routing, and simplify inventory relocation between channels. 🔸 Utilize Pre-Orders: Pre-Orders aren't just for generating buzz – they can also help reduce slow-moving inventory. By offering Pre-Orders, retailers can gauge interest earlier in the sales pipeline, generate consistent cash flow, and improve inventory allocation based on customer behavior. 🔸 Leverage Analytics: Analyzing sales by region, assessing monthly sales by order, tracking daily demand and fulfillment, and monitoring year-on-year demand trends can provide valuable insights for improving inventory management and reducing slow-moving items. Don't let slow-moving inventory hinder your success. With HotWax Commerce's Omnichannel OMS, you can optimize your inventory. Learn more in our blog post: https://hubs.la/Q02xhzD10 #ShoppingandtheRetailIndustry #eCommerce #Retail #Omnichannel #OrderManagementSystem #InventoryManagement

4

🛒 Explore Costco's E-commerce Triumph! 💼💻 Their recent surge in online sales is a testament to adapting retail landscapes. Discover how they're mastering digital strategies and paving the way for future growth. #Costco #EcommerceSuccess #DigitalRetail 🚀📈 https://ow.ly/4bTO50RwfmQ

11

1 Comment

In today's retail, the concept of omnichannel shopping reigns supreme, as consumers navigate seamlessly between online and brick-and-mortar experiences. While retail giants effortlessly handle thousands of daily orders, smaller enterprises face unique challenges in managing their operations. Enter the Omnichannel Order Management System (OMS), a comprehensive solution designed to address these pain points. By offering scalability and cost-efficiency, an OMS ensures a smooth retail experience for businesses of all sizes. With features such as real-time inventory tracking and premium customer service, an OMS emerges as a vital tool for retailers seeking to expand their presence today's competitive market. Ready to take your business to new heights? Explore our blog and uncover the impact of Omnichannel OMS for small and mid-sized retailers. https://hubs.la/Q02zR1N40 #ShoppingandtheRetailIndustry #eCommerce #Retail #Omnichannel #OrderManagementSystem

2