With names like Shopify, Revel and Square, modern point of sale (POS) systems are the cornerstone of every brick and mortar retailer; but they don’t go far enough. POS systems used to be considered just a cash register; a tool to take customers’ money. Brick and mortar stores were just like an island; disconnected and static.
One of the key struggles of running a business is gaining (and maintaining) supply chain visibility, and nowhere is it more apparent than retail.
According to the EY Growth Barometer, 29% of family business executives are employing technology to improve productivity. How exactly are these leaders harnessing the power of technology?
Succession planning is essential for family business survival, especially for those where leaders are nearing retirement. According to the Family Business Center, 70 percent of family businesses would like to pass their business on to the next generation, but only 30 percent will be successful.
Australian retail executives don’t understand their customers—or their customers’ expectations—nearly as well as they think they do, according to research conducted by Oracle NetSuite in partnership with Wakefield Research and Bob Phibbs, the Retail Doctor.
Topics: Retail Industry