Mckinsol Consulting30 Jan, 2025Technology
The retail business is dynamic and complicated, requiring the smooth coordination of activities such as procurement, warehousing, store sales, and customer deliveries. Any mistakes in these procedures can lead to financial losses and angry clients. With increasing competition and increased consumer expectations, there is little to no room for error. Retail firms rely largely on third-party software, such as Product Lifecycle Management (PLM) and Point of Sale (POS) systems, which must function in tandem to enable seamless operations.
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