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There is no space for errors and disruption in Retail culture. The frequent change can be a major negative factor and cause of failure for many retailers. Accepting the different impacts of technology is difficult for the retail industry to remain continuous. The use of Technology in retailing makes easier. Technological Advancements that include personal recognition, robotics, digital wallet, consumer analytics, artificial intelligence, and other tech driven initiatives designed to make retailing efficient and faster.
Retail ERP Software in Saudi Arabia is following the new technological trends. It controls all retail processes to improve efficiency.
- Supply Chain Management
- Management of Sales data
- Order management and fulfillment Control
- Merchandising Management
- Quality Management
- Promotions planning and management
- Finance Management
- Customer relationship and vendor Management
- Human Capital Management
- Integration of various modules
5 emerging technological trends in Retailing:
Retailers makes significant investments in technology. Retailers now focusing more on to meet the expectations and satisfactions of digital customers due to high usage of internet and smart devices.
- Use of Robotics
Most of famous brands use robotics and artificial intelligence in retails and supply chain processes. Now large industries are moving towards more use of robotics in different business processes. The Retail ERP Software in Saudi Arabia is upgraded with new functions that are compatible with new emerging technologies.
- Delivery by drone
The use of drone is integrated with many other new technologies that are widely adopting in various businesses. The delivery and shipment processes in supply chain become more efficient and fast by using drone technology.
- Anti-fraud tool for E-Commerce
IT department of most big internet retailers had been countering e-commerce frauds. The use of Anti fraud tools in retailing overcome most of the risks of frauds. The use of Artificial Intelligence and machine learning capabilities is helpful identify fraud signals, patterns and predict fraud before it arises.
- Block chain and bitcoin technology
The use of Block Chain technology for organizing big databases of retails is beneficial for retailers. It is distributed database that contains blocks of record (lists old and new lists) and connected peer to peer network. While Bitcoine is digital currency which uses encryption techniques for online transactions.
- Virtual assistance
Retail ERP Software in Saudi Arabia integrated with virtual assistance to support customers and vendors virtually.
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