At this point in time, trying to live without technology is easier said than done. Technology has so greatly impacted our lives, that it is almost inescapable. In retail, you will be run over without properly utilizing technology. However, interacting with people is a core function in retail environments. This begs the question of how much technology is too much technology? How do you maintain a balance between human and machine?
As usual, NRF 2020 proved to be a “vision” of the future of retail. Walking in this year, you were greeted with the normal hustle and bustle, which is only appropriate for a New York City event, and excitement in the air.
Removing the Risk, Increasing the Payoff in Your Omniretail Inventory.
No Risk, No Reward?
Enthusiastic investors and gamblers have one thing in common: they want to win BIG. However, trying to win big requires greater risk. With a higher risk, the chances of losing are also higher. Both the investor and the gambler dream of winning big, but often want to find ways to minimize the risk of losing.
Having limited shelf space doesn’t necessarily mean limiting profit. An effective Assortment Optimization solution solves a growing retail merchandising problem.