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Retail: Page 399

The Future of ERP and Why Your Software Doesn't Matter Anymore

Imagine a day in the not-so-distant future: A woman strolls past "dress shop #12." A GPS application on her smartphone pings the store's CRM system, alerting it of the woman's proximity to the store. The system automatically searches her purchasing history, connecting her most recent internet search for floral, pleated skirts to the last such skirt in stock now at Dress Shop #12 - in her exact size. The system then texts her a 10-percent discount on the desired item, along with the store's address. The woman sees the store, enters and purchases the item. The transaction is processed and the sale is reported to the inventory system. A replenishment order is sent to a 3PL warehouse in the Philippines, and on the next delivery, a new floral pleated skirt arrives at the store. The woman leaves with the merchandise, and before she gets home, an email is already waiting in her inbox providing a coupon for her next store visit.

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Forum Brings Together Corporations and Indiana University Supply Chain Faculty, Students

Nearly 20 companies with innovative supply chain operations have entered into a new alliance with Indiana University's Kelley School of Business to create opportunities for faculty and students. The Supply Chain Alliance will be a forum for interaction between the companies, Kelley faculty and top students interested in careers in supply chain management.

Epicor Issues New Version of Business Intelligence App for Retail

Epicor Software Corp. has made available the latest version of Epicor Retail Business Intelligence.

Western Businesses Need More Jugaad Innovation - or Pioneer Spirit

A resilient mind-set can transform scarcity into opportunity by combining limited resources with inventiveness and a never-say-die attitude. This approach "” whether it is aimed at creating a product, service or business model "” is called jugaad innovation. Jugaad is a colloquial Hindi word that roughly translates as "an innovative fix for your business; an improvised solution born from ingenuity and cleverness."

Is POS Information Being Utilized to Full Advantage?

The payment point in a retail environment is an under-utilized opportunity to up-sell and cross-sell. It says that both retailers and brands could benefit from considering ways to capitalize upon this crucial step in the consumer journey, as apart from driving sales, it is an excellent moment to increase customer loyalty.

Memo to Megaports: These Guys Want Your Business

The reshoring of manufactured goods from Asia to North America is bound to take some import business away from U.S. ports. But there are other developing threats to the continued dominance of gateways like Los Angeles-Long Beach - specifically, a couple of upstarts to the north and south.

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Consumers' Concern About Product Safety Impacts Manufacturers' Supply Chains

A survey that examines manufacturer and consumer perceptions about how products are made, sold, bought and consumed reveals a focus on quality, supply chains that are more transparent than ever but a decline in overall optimism, according to Underwriters Laboratories.

Traditional ERP Wasn't Very User-Friendly, But That May Be Changing

ERP software was notorious for years for its tenuous usability, due to the software's overall complexity and lack of appropriate technical instrumentality to provide desired interface features. Not any more.

Cumulative Mobile App Revenues Set to Exceed $30Bn by End of 2012

Revenues accumulated by the global mobile application market are expected to pass the $30bn milestone by the end of this year, according to new market data from ABI Research.

Memo to Megaports: These Guys Want Your Business

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Renewable Fuel Standard Is Estimated to Cost Chain Restaurants Billions

The National Council of Chain Restaurants is urging repeal of the U.S. Environmental Protection Agency's Renewable Fuel Standard (RFS), claiming it is disastrously costly for the restaurant industry, commodity prices and the food supply chain. The lobbying group released a 32-page report, which can be read in its entirety at http://www.NCCR.net.

Study Finds Growing Recognition Among Consumers of Their Buying Habits on Environment

Two thirds of consumers in six countries recognize the need to consume less and purchase products that are good for the environment and society, according to an online survey.

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