10 Strategies to Avoid Wasting Money When Investing in Retail Technology
July 25, 2017
Technology is revolutionizing the retail landscape, changing the way customers interact with businesses, and forcing many retailers to overhaul their processes and systems in order to remain competitive.
When it comes to implementing new technology, many retailers are confused about what will work best for their business.
This issue was addressed by Retail and Consumer Business partner Eric Matusiak, at STORE 2017. During his session at STORE, Eric tackled a question we hear frequently from business owners and stakeholders: “We just signed a big cheque to implement a new system – now what?”
Eric outlined 10 success strategies for retailers to consider when implementing new technologies, based on his experience and expertise. Learn more about these strategies and find out how they can help your business better navigate changing retail trends.
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If your business is ready to take the next step, BDO can help. Drawing on years of industry-specific experience, our Retail and Consumer Business professionals can advise you on how to adapt and implement technologies that will help you continue to meet sales targets and remain successful.
With a network of offices in 152 countries, we're able to support your retail organization no matter where you're located.
Our professionals can help your retail organization in a number of ways, including:
- Manage risk and meet changing customer demands
- Implement new technologies to streamline processes and inventory
- Improve POS experience and software
- Use analytics to help you make more informed decisions
- Expand opportunities by ensuring a consistent experience across all channels
Connect with us today and stay one step ahead of the competition in the ever-changing retail landscape.
Bob McMahon
Partner
National Retail & Consumer Business Leader