RILA Conference Highlights Changing Marketplace
(Thomson Reuters ONE) -
Retailers and manufacturers adopting better product availability and higher
replenishment efficiencies to match consumer expectations
CINCINNATI, Feb. 22, 2017 (GLOBE NEWSWIRE) -- The Retail Industry Leaders
Association (RILA) - a trade association for the retail industry to promote and
protect the interests of its members - recently held its annual Supply Chain
Conference in Orlando, FL, Datalliance reports. The three-day conference
featured speakers from some of the largest retail brands like Abercrombie and
Fitch, Neiman Marcus, Walmart, REI, Finish Line, and Home Depot. However, the
company that drove much of the conversation did not even attend the show.
Amazon's influence on the retail industry was repeatedly mentioned in keynote
addresses, breakout sessions and talk among attendees.
Retailers understand that efforts to cut costs and shorten delivery times are
changing how retailers view their replenishment strategies. Free shipping for an
item used to mean waiting a week for your package. Now, there is pressure in the
industry from online retailers, like Amazon, offering free same-day deliveries
in limited areas. Retailers are working hard to keep up by focusing on omni-
channel replenishment to keep products on the shelf and available online.
Greg Sandfort, CEO of Tractor Supply Company, delivered RILA's Supply Chain
opening keynote. In his address, Sandfort discussed the importance in creating a
supply chain that was responsive and reliable, "If I can't get the product to
the customer at any time and any place - I've failed."
As it has become apparent that the digital world can bring profits; budgets and
stock allotments that were once marked for retail initiatives are being
rethought. These changes are also guiding service providers like Datalliance, a
leading vendor managed inventory and collaborative replenishment software
company.
"Forward-thinking manufacturing brands realize they need to adjust," said Tom
Hoar, Director of Sales for Datalliance. "We have meetings with global companies
that want to know if our vendor managed inventory software can help get their
products to retail shelves and manage their inventory for e-commerce. The answer
is an absolute yes and that is very appealing to manufacturers as they want to
increase revenue and in-stock percentages with their long-standing retail
partners, but also meet the needs of digital storefronts."
About Datalliance
Datalliance is the world's largest provider of technology and services to
support collaborative replenishment programs such as Vendor Managed Inventory
(VMI) and related approaches. Delivered as a cloud-based platform and backed by
extensive customer care, Datalliance makes it easy for trading partners to
establish inventory management relationships that increase sales and profits by
fully aligning business objectives, increasing on-shelf availability, optimizing
turns, and reducing supply chain costs. Datalliance manages billions of dollars
in orders, millions of SKUs, and tens of thousands of locations worldwide for
leading companies in consumer and industrial markets. For more information about
Datalliance, visit www.datalliance.com.
Contact: Brian Lindner, Datalliance
513-791-7272
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Datalliance via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 22.02.2017 - 16:11 Uhr
Sprache: Deutsch
News-ID 525879
Anzahl Zeichen: 3969
contact information:
Town:
Cincinnati
Kategorie:
Business News
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