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Today’s distributed commerce environment — with its improved digital shopping technologies and widespread adoption of multiple commerce channels — demands greater supply chain agility to drop-ship merchandise when and where the customer wants it. For most brands and retailers, this is an untapped resource of rich data.
RFID-ticketed products are not yet required for drop-ship suppliers. Some are leveraging RFID data to improve workflows and supply chain visibility. ” Still, he noted that many large retailers run a data-driven supply chain, using electronic data interchange [EDI] integrations. .”
Ship products to customers in a timely manner. Inventory ties into every element of your store, from supply, to warehousing , to order fulfilment and customer satisfaction. weeks, or 66 days, which is the maximum inventory supply you should have on hand. Optimizing it can help you to: Save money. That is: 12 months / 5.5 = 2.18.
Grocery supply chains are working overtime to meet needs, forcing many businesses to reassess how they manage inventory, process orders and fulfill them quickly and accurately. Both of these issues are detrimental to supply chains — but there is an option to tackle them both: unified commerce. Eliminating Single-Channel Reliance.
Fashion and apparel storefronts always need fresh supplies of trendy clothes. Drop-shipping will increase substantially. Retailers around the world have been plagued by supply chain shocks over the last few years. But today’s clothing retailers are feeling the pinch. At the same time, consumer behavior is changing.
SPS Commerce is a cloud-based EDI solutions provider used by more than 65,000 retailers, suppliers and logistics firms everywhere. As someone who has a career’s worth of experience developing technology to support retailers, I wanted to get Peter’s take on the importance of inventory management and EDI technology.
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