With approximately 6 weeks left in the holiday shopping season, it’s no surprise to see that retailers are eager to make the most out of the 2016 holiday rush. According to the National Retail Federation NRF’s survey conducted by Prosper Insights, American consumers plan to spend an average $935.58 during the holiday shopping season this year, and it’s not surprising that social media marketing and mobility will play an increased role in driving sales.
Technology has become the driving force behind the increased pace of business, with companies today facing the “keep up or be left behind” reality. The world of food is especially influenced by this continuously changing and fast-moving, technologically advanced landscape. Food and beverage companies must handle the challenges, that shape the industry and as such, they look to innovation to remain relevant and compliant. In a competitive environment with fickle regulatory conditions, food and beverage manufacturers need to rely upon technology solutions that will support them not just today, but well into the future.
Businesses today often rely upon an informative, engaging, and attention-getting website as a first impression. Having a professional and polished website that functions easily and offers customers simple navigation is significant to increase overall user interaction. 55% of visitors spend less than 15 seconds on a website. During this time, consumers are making a variety of decisions including whether to continue browsing, or head over to peruse the websites of the competition. This means you have less than 15 seconds to not only capture the user’s attention, but also to keep them engaged.
Has your business yet to take advantage of Cloud ERP? The percentage of organizations considering a cloud solution has increased since 2016; finally surpassing on-premise solutions. While some businesses see the benefits of a cloud-based solution, others may have misinformation or doubt about making the transition to the cloud.
A lean organization understands the necessity in providing seamless value to its customers, while using tools and methods to reduce waste. To become lean, your company should incorporate changes from the top down, to get better visibility and insight into your company’s operations, and automate your processes with an Enterprise Resource Planning (ERP) system with manufacturing capabilities, such as Material Requirements Planning (MRP), and Shop Floor Control. By automating production, planning and quality control for example, companies can increase profits and lower costs.
The use of technology has significantly changed shopping habits, as consumers today no longer need to visit a store to make their purchase; now they can use tools such as, laptops, tablets and smart phones to order everything they desire, all with a click of a button. However, as digital interactions become more common, retailers must be creative when it comes to merging the gap between in-store and online purchases. Although change can be terrifying, with this new age brings new opportunities, which every smart retailer must take advantage of in order to remain competitive.