Retailers estimate that they will lose $3.8bn to return fraud for the 2014 holiday season, up from last year's $3.4bn estimate, according to a recent National Retail Federation (NRF) survey. Retailers also estimated that 5.5 percent of all holiday returns are fraudulent, similar to last year's 5.8 percent.
Syspro USA, a provider of enterprise resource planning (ERP) software for on-premise, mobile and cloud-based use, has released a new supply-chain management application for global manufacturers and distributors.
InkaFarma has an ambitious plan to nearly double the number of stores it operates in Peru, with an emphasis on opening up new locations in some of the country's remotest areas. To make that happen, the company needed both a new, automated distribution center and a warehouse-management system with which to run it.
Chainalytics, a provider of market intelligence, analytics and supply-chain consulting services, has entered into a partnership with Logistics Labs, a vendor of cloud-based software.Chainalytics, a provider of market intelligence, analytics and supply-chain consulting services, has entered into a partnership with Logistics Labs, a vendor of cloud-based software.
Inmar, a company that operates collaborative commerce networks, announced its acquisition of Fremont, Calif.-based EXP Pharmaceutical Services Corp., whose core business of pharmaceutical returns and recalls aligns well with Inmar's healthcare service offerings.
Returned merchandise, which retailers have to discount or even dump, end up costing U.S. merchants as much as $20bn a year, and are a "ticking time bomb" that threatens retailers' profitability. To avoid that blowup, merchants are turning to new technologies.