Why identifying the single point of failure could save your retail business

As multi-store chains look to provide a seamless customer experience across numerous channels and locations, retailers are increasingly turning to technology to deliver a connected, consistent service that gives the customer choice in their shopping preferences.

Solutions such as ERP, CRM and cloud hosting have been integrated into the systems of a series of nationwide retailers to collect point of sale data, show inventory availability, and solicit online purchasing patterns from remote locations on mobile devices. This all helps retailers to understand their customers, and utilise these insights to provide the products, promotions and services they want.

Due to the ever-increasing functionality that multi-chain retail-specific solutions provide, organisations rely heavily upon technology for the majority of business tasks, from enhancing supply-chain operations to taking payment for goods. Which raises the alarming question of “what if it all goes wrong?”

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