Buy custom Trends 2006: Retail IT
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| Topic: |
Technology
|
| Number of pages / Number of words: |
10 / 2734 |
Essay's paper body
This
doesn't mean POS, as the majority of retailers tackled their aging POS platforms by at least
initiating their upgrade or replacement in 2004 and 2005.1 Rather, retailers seek differentiation
by tackling price and revenue optimization, merchandise optimization, demand forecasting, and
product information management ? right alongside upgrading more established technologies
like warehouse management, inventory management, and order management and fulfillment
(see Figure 2)...
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A sampling of retailer activity and
investment:
- Collecting consumer data. All kinds of consumer data are up for grabs, and all of it is
becoming increasingly important. This includes identifying the consumer and tying all online
and offline transactional information together with behavioral information ? how they surf
the site, how they shop the store ? demographics, psychographics, and even preferences like
favorite color, birthday, and favorite coffee flavor...
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Trends 2006: Retail IT
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