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Today's retailers are determined to attack the market with innovative tactics ranging from developing unique products to helping customers finance their purchases. But at the same time, they face daunting new challenges: suppliers are more geographically dispersed than ever, product mixes have become broader and more complex, and product life cycles continue to shorten. Retail supply chain teams must look for ways to improve in-stock availability, introduce new product offerings, manage volume on door-buster promotions and streamline omni-channel initiatives. According to industry expert Deloitte, successful collaboration sets retail leaders apart from the crowd, transforming supply chains into strategic differentiators. Many retailers and manufacturers have adopted processes that promote partnerships, bolstered by technology that allows information to flow seamlessly across the value chain.
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