Linda James Managing Editoreditor@logisticstechoutlook.comApush for omni-channel retailing urged by inflating customer demands and trends for faster and personalized individual products delivery is generating greater revenues for retailers. While retailers have majorly focused on customer facing applications, warehouse upgrades and developments have been trailing for years. The surging IoT technologies and their ability to connect various elements are being rapidly integrated into warehouse operations to ensure effective and responsive inventory management. With effective inventory management strategies at the heart of enabling multi-source product outflow, and modern technologies serving as the backbone to implement effective strategies, retail industries are witnessing large-scale improvements. Today's supply chains are digitized and companies are opportunistic with leveraging data. Controlling inventory stocks are critical for omni-channel retailing and analytics have a crucial role to play in enabling this. A focus on enhancing customer experience is witnessing retailers leverage recent but well established concepts like streaming analytics and experiential retailing. While experiential retail includes the provision of unmatched experiences that keeps inventory functions at their paces, streaming analytics enable highly personalized customer profiles. These profiles are further enhanced with sales forecasting that provide insights into the product requirements, allowing retailers to prevent stockouts. . On the sorting and distribution end, inventories are monitored and managed by smart robotic systems that quickly sort and procure multiple orders simultaneously. Leveraging drone technologies to address the micro-logistics of distributing products is no longer a farfetched idea either. Not only do these systems provide greater efficiencies and cost benefits, but unimaginably flexible and scalable, making them suitable for retail businesses of all sizes. `Predictive shipping' is the retail industry's future trend--a concept in which products are shipped even before the order is placed. With the added dynamicity to inventory management, flexible business plans will reduce static periods and lower planning cycles, enabling high reactivity to new requirements. Supply chains are now being offered as a service, elevating retail economies to new heights and opening new markets for outsourcing. The collective orchestra of modern technologies in the retail chain is set to bring greater resolutions, visibility, and control to retail inventories and their management. Let us know your thoughts. EditorialWarehouse Innovations for Modern Supply Chains *Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffCopyright © 2019 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Managing EditorLinda JamesEditorial StaffAaron PierceAva Garcia Jade Ray Joshua ParkerSarah FernandesVinutha DayanandVisualizersRonald DonovanAngela ParkerJUNE - 03 - 2019, volume 05 - Issue 07 Published by ValleyMedia, Inc. To subscribe to Logistics Tech OutlookVisit www.logisticstechoutlook.com sales@logisticstechoutlook.comeditor@logisticstechoutlook.commarketing@logisticstechoutlook.comEmail:Saleskatherine joneskatherine.jones@logisticstechoutlook.comContact UsPhone:510.996.5173, Fax:510-894-8405
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