Retail is a fast-moving industry, with merchants mired by red-tape and slow processes quickly fall by the wayside. Retailers are automating a variety of functions to help them stay competitive, from inventory and supply ordering to accounting and financial processes.
Technology is a major component of successful eCommerce operations. Merchants can use retail software and hardware to accomplish a variety of tasks, from inventory optimization and order management to supplier relations. Technology is a significant investment that retailers can make to put themselves ahead of their competition.
The concept of product management is often swept under the rug and mashed together with other core eCommerce functions, such as inventory management.
Retail has become broader over the years, a trend expedited the internet. In the past, a retailer may have been defined by their brick-and-mortar stores, but that's no longer the case, with eCommerce operations becoming paramount to a successful business.
