Pump up retail margins with five tools
As online sales continue to gain momentum, smart retailers will invest in five supply chain tools to cut supply chain costs by 10 to 12 percent to bolster their profit margins. In studying supply chain software usage Nucleus Research has found that merchants still lack a number of the software applications necessary for omnichannel retailing. Retailers selling in-store and online need to have five applications – an order management platform, demand planning, inventory optimization, distributed order management and a control tower – to minimize costs, avoid lost sales and boost margins.
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