Stephen Duncan is a Technology Retail Specialist.
Website URL: http://www.pronto.net
When we think about the security requirements across our business we logically are drawn to our more tangible assets. For example our physical building, vehicles, computer hardware and of course our personnel. We take care to ensure we’ve put the necessary measures in place such as cameras and back to base alarm solutions to provide a secure framework that protects our assets from theft and vandalism.
What about those intangible assets that are created as a by-product of assets such as computers (IT) or those data assets?
In an ever changing market businesses are constantly looking for ways to be more sustainable. One area might be in investigating ways to decrease inventory holdings and correct market mix, while retaining high quality of service. For many businesses one answer is unlocking a more accurate view of future demand utilising demand forecasting tools. The challenge is that many solutions use generic algorithms based on the notion that demand can be predicted uniformly for all companies and across all industries, product lines, and geographies. Whether you are embarking on a new forecasting project or currently have one, here are a number of aspects that may impact the results.
It wasn’t that long ago that asking someone what social media was elicited the response “it’s for people who want to share what they were having for breakfast”. Much has changed since then and with the proliferation of smart devices, high speed communications and digital marketing social media has developed into a powerful communication platform, feedback mechanism and industry insight tool for businesses. With more companies promoting themselves via social platforms such as LinkedIn, Twitter and SlideShare it’s timely that we look at where social might be beneficial within our supply chain organisations.
What will 2015 bring for retailers? Will it be the continued rise of the ‘Connected Customer’, or fully realised omni-channel platforms? Speaking to a number of retailers throughout the last year there were a number of areas where they felt impact. For example...
Advancements in technology and business management software has truly revolutionised retailing. Software with the capability to provide retailers with customer insights and data has never been so cost effective for the smaller players, offering retailers today the opportunity to improve sales and customer service in innovative ways.