2023 Gartner® Market Guide for Retail Store Inventory Management Applications
Read the report
Covid changed buying habits, likely forever. As a result, retailers are migrating to micro-fulfillment, curbside pickups, and in-store fulfillment for faster deliveries and cost-efficiency. GreyOrange micro-fulfillment and omnichannel strategies address unique retailer needs by intelligently optimizing existing spaces, resources, and operating systems to orchestrate reliable real-time decisioning. Now convert any underutilized space into a micro-fulfillment center or any preferred mode under 12 weeks. Smart management of variable SKUs and real-time inventory visibility allows you to truly optimize omnichannel capabilities.
Contact UsThe general merchandise segment has seen a shift in channel demand from physical stores to ecommerce. The industry also faces challenges such as labor crunch, poor visibility of inventory, fragmented logistics, variable SKUs, and SKU proliferation.
Only a connected approach between fulfillment channels will help merchants reduce last mile, drive profits, and improve customer experience. Personalized shopping experience along-with omnichannel mode of fulfillment will cater to the Now-delivery demands.
There is a need for real-time inventory access and visibility. Also, the Dock-to-stock and order-to-dispatch time
needs to be reduced.
With a rapid growth of e-commerce due to changing buying patterns, the consumer preferrence for home-delivery has increased fulfillment costs.
Despite prominent stores and mall retailers closing thousands of stores in the US, department stores are expected to recover. Adopting quick, scalable, and resilient fulfillment automation will advance and expedite fulfillment processes.
Convenience stores are still the most recession-proof retail channel. As consumers rely on these with slightly tweaked fulfillment methods of curbside pickup, brick-and-mortar stores will remain alive.
Varying demands from new channel mix need a customer-centric fulfillment strategy for real-time inventory visibility and faster last-mile deliveries.
Real-time inventory visibility to ensure stocks are at the right place at the right time.
Now-delivery demands and skilled labor crunch require agile automation.
Stressed margins due to rising fulfillment costs in ecommerce and last-mile delivery.
Ability to adopt new technology in a brownfield setup.
AI-enabled, resilient, and dynamic fulfillment system that can handle difficult demand forecasting.
Existing fulfillment abilities need scalable and portable automation to meet ecommerce and omnichannel demands.
