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Inventory Management Software: How Technology Addresses Inventory-Related Issues

Altexsoft

On the other hand, if your company is a part of the supply chain, whether you deal with manufacturing, manage a warehouse, or run a retail store, you’re probably familiar with such problems as time-consuming inventory counts, running out of stock because of late reordering, or shortages due to inaccurate demand planning.

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How Retailers Use Artificial Intelligence to Innovate Customer Experience and Enhance Operations

Altexsoft

A visitor, with an opened Amazon Go app, scans a QR code on a turnstile to enter a store (like at an airport to get on board) and picks up what they need. In-store cameras and sensors detect each product one takes from a shelf, and items are being added to a virtual cart while a customer proceeds. Source: Forrester Consulting.

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Dynamic Pricing Explained: Use in Revenue Management and Pricing Optimization

Altexsoft

The reality is that you’ll need a more sophisticated pricing strategy to fit into today’s highly competitive market and be flexible enough to adjust to any changes. Dynamic pricing is a practice of setting a price for a product or service based on current market conditions. Would you consider fixed costs, competitor prices, or both?

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Demand Forecasting Methods: Using Machine Learning and Predictive Analytics to See the Future of Sales

Altexsoft

What is the top pain point for business executives? The world’s largest IT research firm Gartner gives a clear answer: demand volatility. Too many factors, from weather fluctuations to posts of social media influencers, impact buyers, making them frequently change their minds. Think, for instance, of the teenage climate activist Greta Thunberg.

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Demand Forecasting Methods: Using Machine Learning and Predictive Analytics to See the Future of Sales

Altexsoft

What is the top pain point for business executives? The world’s largest IT research firm Gartner gives a clear answer: demand volatility. Too many factors, from weather fluctuations to posts of social media influencers, impact buyers, making them frequently change their minds. Think, for instance, of the teenage climate activist Greta Thunberg.