An example of changes we have seen within the supply chain within the last 10-15 years is the digital transformation. Technology has continually been developing within omni channel retailing over the years and with the adaption of these new systems this has increased the speed, reduced costs and reduced room for human errors. Technology has led the way allowing the supply chain to run faster and more efficently as well as monitoring and reducing stock losses.  
A warehouse Management System is a great example of a new software that allows organizations to control and administer warehouse operations from a time when they enter the warehouse until they move out. This helps to ensure that goods move through the warehouse in the most efficient and cost effective way for your business. A WMS handles many functions such as inventory, storing data of specific products, location of products and picking schedules. WMS can eliminate the room for human error by overseeing stock and replacing this with a warehouse management system. This can result in less unwanted stock and wastage caused. A WMS can be a massive advantage when it comes to costs As stock will be controlled and less room for human error this is an area where you would not need to worry about loss, Better inventory management and a good layout of your warehouse for picking items can also helps reduce costs. A WMS is essential for omnichannel retailers as orders are coming from all different directions including in store orders, this can help them keep control of their warehouse and stock.  
Big Data is a system which can be analyzed to indicate certain trends and patterns, and is specifically associated with human buying behavior. It can suggest why we buy certain types of products and have reactions to specific things. With so much competition and digital tools, retails are always looking for new ways to fight for customer loyalty to ensure they go back to their store. Big data has allowed supply chains to follow consumer demands, predict future trends and have an influence on current consumer buying behaviors all the while adding this into their improved shopping experience.

Items