A 2010 University of Florida study found humans began wearing clothing 170,000 years ago. Someone made those clothes from something, and that was the start of raw materials management. One could liberally argue early cave paintings of fur-bearing animals were the first inventory monitoring systems. RMM has come a long way, but we can do better.
It's no secret that the apparel, accessory and lifestyle world has long led the way in driving digital innovation across the retail frontier. Considering early initiatives around the convergence of in-store and online channels, several apparel pioneers come to mind – Macy's, Bloomingdales, Nordstrom, Gap.
As companies shift manufacturing back from Asia to the western hemisphere, they are increasingly looking at Mexico as an alternative for low-cost production. Matt Hamson, chief executive officer of Coronado Logistics Inc., outlines the country's pros and cons.
The technology-driven shift to omnichannel shopping is the most transformative change to hit retail in decades. Yet in a global survey of CEOs conducted by PwC, only 22 percent felt this monumental shift would impact their organizations. Are these retail CEOs missing the boat?
Convergence Systems Limited (CSL), a global provider of passive RFID products and active RTLS equipment, announced that a retail application of CSL RFID hardware has successfully reduced inventory time and increased sales for ISA Boutique, Hong Kong’s famous chain of boutique brand-name stores.
Having established a solid presence on the East Coast, Neiman Marcus decided it was time to build its own dedicated distribution center. Steve Johnson, principal with Johnson Stephens Consulting Inc., relates how the project was successfully carried out.
Omnichannel retailing, which provides customers with a consistent research, shopping, purchasing and fulfillment experience regardless of channel, lies at the heart of many retailer transformation efforts. Additionally, mobile shopping, same-day delivery, and growing volumes of data from online channels are forcing retailers to a tipping point to remain competitive and better respond to evolving customer needs and preferences.
Stage Stores, which operates 880 small-town department stores under such names as Beall's and Peebles, has learned the value of having products delivered floor ready. Tim Duvic, vice president of distribution, explains how the company educates its suppliers on packaging and preparing orders for fast processing on receipt.
If you're still not convinced that sustainability can be a big marketing tool for global brands, then take a glance at the latest "Conscious Actions" report from Hennes & Mauritz AB - known to clothing shoppers around the world as H&M.