Inefficient shipment processes pose a major supply chain challenge for retailers with high order volumes. Customer satisfaction hinges on your ability to fulfill orders quickly and accurately. Frequent delays in shipments, delivering the wrong items, or misplacing orders can significantly drive up costs and damage your customer relationships. Most of these issues stem from using manual procedures or standalone software to manage shipping.
This article discusses how robotic process automation (RPA) is a logical next step in a decades-long tradition of digital automation, and how it is a great way to quickly and effectively accelerate key supply chain functions, including partner onboarding, sales order generation, and order tracking.
One thing that every fashion and apparel business has in common is supply chain partners. Whether you’re an apparel manufacturer, retailer, or wholesaler, you’ll be communicating with a third party at some point in your supply chain.
Customers have become increasingly responsive to new trends and their range of preferences have also diversified, leading to an explosion in the variety of products being sold. High demand for product variety, especially in the case of short lifecycle products like food, apparel, toys, and computers, makes it challenging for manufacturers and retailers to forecast which precise range of products will be a hit with consumers.
June 20, 2018, Cranbury, NJ – Visionet Systems, Inc., preferred technology solution provider of several major retail brands, announced today the launch of their Advanced Shipping Solution for Microsoft Dynamics 365. The solution is available now on Microsoft AppSource marketplace.
Artificial intelligence, specifically machine learning (ML), is quickly becoming essential for running smarter business operations. One of the greatest features of Dynamics 365 is its ability to incorporate ML capabilities within business applications, which provides predictive insights and helps businesses execute operations in more effective manner.
According to a recent study by Mckinsey Global Institute, advanced AI technologies have the potential to unlock a global economic impact of $10-15T across all industry segments.
Cranbury, NJ, April 16, 2018 – SingleSource for the last three years was voted one of the fastest growing companies by Pittsburgh Business times. SingleSource strives to boost productivity, while growing and maintaining efficiencies to improve margins, and provide the best service-oriented business possible. These goals have lead SingleSource to partner with Visionet Systems to build and maintain their Robotic Process Automation (RPA).
Public awareness of the term “artificial intelligence” is at an all-time high, but beyond vague (and at times frightening) connections with robots and computers, many people aren’t as familiar with what AI actually is, or what it might possibly become.
Here is a common scenario for large retailers that operate dozens or hundreds of stores across large geographic regions. They pour millions of dollars into safety stock, ostensibly to prevent out-of-stocks, but at the end of the day, it looks like all this extra stock is there just for the sake of maintaining perfect fill rates. Some businesses order excess stock because their vendor minimums are too high. Other businesses accidentally treat seasonal items like year-round products, maybe because of regional differences in buying patterns.
Retailers that don’t carry enough inventory suffer from low sales revenue, while retailers with too much stock suffer from too much overhead. Both types of miscalculation take a heavy toll on profits, which means that prompt and accurate tracking, reporting, and forecasting of consumer demand is critical for retail success.