Kevin Sterneckert

"Using sales history alone isn't enough. Predictive analytics and customer feedback are key to driving more sales and increasing gross margins." - Liza Amlani Join Guy Courtin, Vice President of Industry and Advanced Technology at Tecsys Inc., as he explores the future of retail with Philip Barry, Global Industry Executive Advisor at Icertis, and Liza Amlani, Principal and Founder of Retail Strategy Group. In This Episode: ⭐ Learn how demand forecasting algorithms optimize inventory to reduce costs and increase efficiency. 🤖 Discover the impact of real-time data and machine learning on inventory management. 🔎 Uncover insights into how technology boosts profitability and enhances customer satisfaction. Dive into the discussion and transform your retail strategy with expert insights! Tune in now: https://bit.ly/3Kanfnp #RetailCloudAlliance #RetailerTechTips #RetailCloud #RetailInnovation #CloudTechnologies

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We are thrilled to share the latest episode from Retail Cloud Alliance's Retailer Tech Tips series, where our Top Retail Experts delve deep into the crucial role of demand forecasting in retail inventory optimization! In this insightful episode, Guy Courtin is joined by industry experts Philip Barry, Global Industry Executive Advisor at Icertis, and Liza Amlani, Principal and Founder of Retail Strategy Group, to discuss how predictive analytics and customer insights are reshaping inventory management. Tune in below! 👇 🎧 #RETHINKRetail #CloudTech #RetailCloudAlliance

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https://lnkd.in/gFKhE45P Another example of how unerry's North America Retail Dashboard service can help retailers understand the impact of another retail brand's store closure has on their business. We can show consumer's traffic shift to other retail stores and also visualizing the market share shift in the community. #unerry #retailtech #retailmedia www.beaconbank.ai

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Hear from our own Rich Kurhajetz on the #MillenniumLive podcast. Rich shares how RELEX unified retail planning platform drives financial improvement, inventory reduction, and cost efficiencies, drawing from his extensive experience in demand planning and operations. #retail #supplychain #AI

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IMPORTANT PIECE MANY OVERLOOK The success of your implementation will be dependant on selecting the appropriate RFID labels.

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Given that retailers often ask how they should approach the wild west of AI, I jumped at the opportunity to provide my perspective on how C-stores should utilize AI to accelerate their marketing campaigns. This article, published in CStore Decisions, demonstrates how retailers can leverage their own customer data to create campaigns that, “positively impact open rates, click-through rates and conversions.” ❕ Breaking through the hype of AI and getting to the core of how C-store marketing teams can utilize this capability to drive greater connectivity with their customers, at scale, is a discussion that more retailers should be having. 𝘛𝘩𝘢𝘯𝘬𝘴 𝘵𝘰 Emily Boes 𝘢𝘯𝘥 Erin Del Conte 𝘧𝘰𝘳 𝘵𝘩𝘦 𝘱𝘢𝘳𝘵𝘯𝘦𝘳𝘴𝘩𝘪𝘱 𝘰𝘯 𝘵𝘩𝘪𝘴 𝘢𝘳𝘵𝘪𝘤𝘭𝘦. ⏩ At NexChapter I'm helping clients leverage customer data they possess to drive stronger engagements. 📩 Reach out if you'd like to discuss: matt@nexchapterinc.com #digital #loyalty #convenience #cstores #ai

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Vogue Business highlighted the pivotal shift to RFID in retail post-pandemic, enabling absolute visibility of stock levels and locations. Despite the compelling reasons for RFID, many retailers still rely on manual inventory data. Join me on August 7 at the GS1 RFID Coalition Tech Expo for an insightful discussion with Sarann Ryan from Lowes Manhattan Group. We'll delve into the why of RFID, engaging suppliers, team adoption, and the bright future it holds for businesses. Connect with me to register for the event and discover how RFID is transforming the retail landscape. #onlyrfid #futureofretail #amazingthingswithrfid

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We published a #RetailTech report today titled, "RFID Is the Technology That Keeps on Giving to Retailers (and Associates and Consumers)." It has three main points: 1. RFID-Driven Inventory Accuracy Opens the Door to a Slew of Other Benefits for Retailers 2. RFID Can Improve the Associate Experience 3. RFID Enables the Services that Make Customers Happy The report also discusses implications for retailers, brands and technology vendors. https://lnkd.in/eCAPNu5t Take a look here: https://lnkd.in/eCAPNu5t #rfid #retailtechnology

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Read a recent blog from our partner, Logic, which recaps the insightful discussions from #RELEXLive2024. The article highlights how artificial intelligence is crucial in evolving retail strategies, particularly through smarter assortment planning and enhancing customer engagement. #GenerativeAI #Retail #SupplyChain 

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Walmart is finally moving forward with Electronic Shelf Labels (ESLs). While ESLs are common today, scaling them to 2,300 Walmart stores is a significant and challenging decision. Implementing this technology requires a substantial investment and careful planning. Strategic thinking is crucial for such an investment. 이마트 (Emart) Tech was able to start this journey five years ago, benefiting from a relatively smaller scale compared to Walmart. Great move, Walmart! #ESL #Innovation #Emart #EmartTech #Technology https://lnkd.in/gC2rbbu6

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Products can be tested all across the #retail #valuechain to drive better decision-making and ensure more profitable, sustainable outcomes. First Insight, Inc. #retailtransformation #ai #voiceofthecustomer #customercentricmerchandising Family Dollar https://bit.ly/3Yty8t1

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👻😱Is your inventory haunted by phantoms? 😱👻 Check out this clip from the most recent episode of our podcast, Durables Digest. In this episode, Brian and Eric are joined by special guest Doug Murless, 'The POS Data Guy', where they discuss solving challenging retail problems with the insights found within POS data analysis. Listen to the full episode: https://hubs.ly/Q02BCc7h0 Apple: https://hubs.ly/Q02BCdQS0 Spotify: https://hubs.ly/Q02BCg1y0 #podcast #inventory #retail #retailinventory #dataanalytics #retaildata #durablesdigest

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Retailers must manage increasingly customized assortments to better meet local consumer demand while navigating supply chain constraints and store clustering. It is now common for retailers to handle hundreds of planogram configurations for a single product category. How do they manage this challenge? They leverage advanced software solutions like NielsenIQ Spaceman. For a concrete example, see how SPAR International uses NielsenIQ globally for their planogram need : https://lnkd.in/eWbzNBkr Jonas Parmhed Simon Trott

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Retailers often position themselves near their competitors, but historically it's challenging to know beyond intermittent observations and gut feel ("they look really empty this week") to know how well you're attracting traffic to your stores in relation to your surrounding competitors. By counting Surrounding Store Traffic within a 50m/150' radius of a store, and knowing that store's inside traffic as a % of that total, retailers can get a snapshot of their competitive position, and understand the impact of changes in theirs or their competitors' strategy or marketing activations on their inside and surrounding traffic. How well are you driving traffic to your stores in comparison to your surrounding competitors? #retailanalytics #competitiveanalysis #competitiveintelligence Chain Store Age Kepler Group Countwise Michelle Kenah Kylie Smart Belinda Fordred

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You cannot barge through each bend in the commerce & fulfillment river!! In this episode Chap Achen talks about how it’s possible to give your OMS a makeover .. have a listen!

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We recently published a RetailTech landscape of 30 companies engaged in demand forecasting, including companies in the enterprise software, grocery-focused and supply chain segments. Key points: * Demand forecasts drive downstream functions such as inventory, assortment, allocation and, ultimately, revenues, margins and customer sentiment. * The accuracy of time series-based machine learning (ML) can be boosted by including external data such as weather forecasts, calendars and competitive intelligence. * GenAI could be used to locate key variables and inflection points in demand data and communicate these results to drive advanced AI/ML-driven demand forecasts. https://lnkd.in/e6EWcZxQ #retailtech #retailtechnology #demandforecasting

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The benefits from using digital twins in retail are huge 👯 Some folks have seen 30% improvement in inventory accuracy and a 25% reduction in operational risks. Read on to hear how digital twins work and what's in it for you: https://hubs.ly/Q02HNWm10

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