Generation Z, more popularly known as “Gen Z” makes up 40% of global consumers and is swiftly reshaping industries with their unique perspectives. Gen-Z’s tech-savvy upbringing has led to the clanging of shopping carts being replaced by the subtle clicks of keyboards and touchscreen swipes. In the retail world, where shopping once meant navigating aisles, […]
What is buy now, pay later (BNPL)? Buy Now, Pay Later (BNPL) is a payment option that allows customers to make purchases upfront and defer the payment for those purchases over time. It has gained significant popularity in recent years as an alternative to traditional credit cards and installment plans. Klarna, Afterpay, and PayPal are […]
Inventory forecasting, also known as demand forecasting, is the process of estimating future demand for products or services to determine the appropriate inventory levels to meet customer demand. It involves analyzing historical sales data, market trends, customer behavior, and other relevant factors to make informed predictions about future demand patterns. Inventory forecasting is crucial for […]
The success of any warehouse operation relies heavily on efficient and adaptable inventory management. In the quest to go beyond basic replenishment, companies are increasingly realizing the importance of a comprehensive solution and are swiftly adopting smart stock order management systems (SOMS). This system offers a more in-depth approach to warehouse management by incorporating advanced […]
