How Retailers Can Best Compete With Amazon
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2. Technology: This involves enabling your operations strategy to work effectively and efficiently. Traditional ERP-type technologies drive operations from store sales and/or sourced products. This isn't only inadequate, it's inefficient.
No retailer is satisfied with its sales forecasting, merchandise planning and allocation methods. Consequently, excessive inventory expenses and working capital — along with high store out-of-stocks and fulfillment lead times — are limiting margins and upsetting consumers.
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- Companies:
- Amazon.com
- People:
- Jeff Bezos
James A. Tompkins
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