Artificial Inteligence Reference Retail Risk 
The IIL Blog
OCTOBER 24, 2023
In November 2022, when ChatGPT was made available to the public, it put Artificial Intelligence (AI) into the spotlight for all people – not just ‘techies’ and those who have followed AI for a long time. Indeed, Artificial Intelligence is not really new. Risk Management. Active Assistance. Lohr, “ The A.I.
Wrike
MAY 20, 2023
Modern technologies such as artificial intelligence, big data, cloud computing, and the Internet of Things (IoT) are all key components of digital transformation. Businesses that fail to embrace digital transformation risk falling behind their competitors and losing relevance in the market.
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Wrike
SEPTEMBER 2, 2023
It involves coordination and collaboration among various stakeholders, including suppliers, manufacturers, distributors, retailers, and customers. Reducing lead times: Lead time refers to the time it takes for a product to move through the supply chain, from the initial order to its delivery.
Wrike
SEPTEMBER 2, 2023
Understanding Process Innovation Process innovation refers to the redesign and improvement of existing business processes to achieve enhanced efficiency, effectiveness, and competitiveness. Organizations can leverage technologies such as artificial intelligence, machine learning, and big data analytics to drive process improvements.
Wrike
JULY 23, 2023
Understanding the Basics of Supply Chain Logistics Supply chain logistics refers to the coordination and management of all activities involved in the movement and storage of goods and materials within a supply chain. These services help businesses mitigate risks, reduce costs, and ensure smooth customs clearance for international shipments.
Wrike
JANUARY 24, 2024
Reduce the risk of stockouts: When companies keep their products in stock and can fulfill customer orders on time, this increases brand loyalty as well as the likelihood of repeat purchases. Example: An online retailer begins investing in advanced inventory management technology. They also keep your customers happy.
Wrike
SEPTEMBER 2, 2023
For instance, a retail store may have customer service representatives available in-store, ready to assist customers face-to-face. By leveraging predictive analytics, companies can identify potential churn risks and take proactive measures to retain valuable customers.
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