Equipping your Supply Chain with IoT Powered Machine Learning
Does your supply chain team have enough time to detect, asses, and execute actionable items? Supply chain planners need an increased capacity for shorter response times. But how can you do that? For starters, you may want to incorporate IoT devices within your optimization process. By doing so, you’ll equip supply chain planners with the…
Read MoreSupply Chain Optimization in 2019
Three objectives for supply chain optimization in 2019 New growth and competition in the supply chain industry are being driven by a phenomenon noted as “The Amazon Effect.” Industry pace is quickening as companies aim to meet customers’ high and immediate expectations. Corporate objections demand three things. The first is reduced costs. The second is…
Read MoreRetail Machine Learning is Revolutionizing Retail
How Machine Learning Is Revolutionizing the Retail Supply Chain When a customer visits a retail location, they have no idea the science behind stocking the shelves and ordering products. Optimizing the retail supply chain can be difficult. With so many moving parts and products moving so rapidly, managing the supply chain is like hearding cats.…
Read MoreImproving Customer Service
At Fellow Robots, we know the future of retail is here. And we know that the future is fine with leaving your business behind. Since the year 2015, 57 retailers have gone bankrupt. And consumer retailer M & A convergence and consolidation deals in the last three years have topped one trillion US dollars! This…
Read MoreThe future of retail includes Machine Learning
At Fellow Robots, we know the future of retail is here. and we are active partners in reimagining and revolutionizing retail. And we know that the future has no issue in leaving your business behind. Since 2015, 57 retailers have gone bankrupt. And consumer retailer M&A convergence and consolidation deals in the last three years…
Read MoreCustomer Service for Retailers
Talk to retailers today, especially supermarket retailers and big-box retailers. They are likely to talk to you about “buy online, pick up in store” (BOPIS), click and connect and delivery. A few years ago, it was self-checkout and kiosks. Is this what customer service for retailers means? Finding new technology to provide services to ever…
Read MoreRetail Pricing Problem and Customer Satisfaction
In the last few blog posts, we’ve discussed how stockouts and a lack of available staff impact your customers’ satisfaction. It also affect’s their ability to buy your products. And the likelihood of returning to your store. Today, we’re going to address another problem. Something that often prevents customers from making purchases and staying loyal…
Read MoreThe benefits of improving On Shelf Availability (OSA)
Today, the marketplace is highly competitive and consumer-driven. Improving your customers’ user experience is a high priority. If their experience is consistently negative, they have a plethora of options to choose from. And some customers will abandon your store permanently. One of the most significant factors that influence your shoppers’ experience is their ability to…
Read MoreOut-of-Stock: Prediction and Prevention for retailers
When customers discover that the item they wanted to buy from your store is out-of-stock, their response can range. They may buy a similar item. Or they may leave your store forever, unsure if they will ever return. Even worse, they could leave a negative review of your business online. Out-of-Stock (OOS) Can Cost You…
Read MoreHow to Make Order Fulfillment Easier
For many brick-and-mortar retailers, meeting their order fulfillment through the internet and phone is a great opportunity to make additional sales. It’s also a challenge. And unfortunately can cause clients to never want to shop with you again if they have a bad experience. All too often, purchases aren’t accurately recorded in the retail product…
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