Tag: Artificial Intelligence

spar hypermarket

How SPAR Hypermarket reduced their order processing time by more than 50%

EunimartCaseStudiesArtificial IntelligenceautomationBusiness AutomationCatalog ManagementCross-Border SalesecommerceIncrease ProfitsInventory ManagementListing ManagementLogisticsMachine LearningMultichannel sales managementomnichannel managementorder managementPaymentPricing CalculatorRetail ManagementSPAR Hypermarketsupply chain managementUnited Payment SystemWarehousing

Reading Time: 4 minutes Company Overview: A strategic amalgamation of the Dubai based Landmark Group’s Max Hypermarkets India Pvt. Ltd and Amsterdam based multinational franchise SPAR gave rise to SPAR Hypermarket in 1932. Through years it has spread to 12500+ stores in 44 countries across 4 continents. Currently, there are 25 stores across 9 cities in India itself. With ….  Read More

mahindra logistics

Mahindra Logistics – the Giant that adopted an Omnichannel Solution

EunimartCaseStudiesArtificial IntelligenceautomationBusiness AutomationCatalog ManagementCross-Border SalesecommerceIncrease ProfitsInventory ManagementListing ManagementLogisticsMachine LearningMahindraMahindra Logisticsomnichannel managementorder managementPaymentPricing Calculatorsupply chain managementUnited Payment SystemWarehousing

Reading Time: 4 minutes Company Overview: Mahindra Logistics is an integrated Third-Party Logistics (3PL) Solutions providing transportation, warehousing, storage, and people transport services. It got its separate identity in 2008 when it separated from Mahindra & Mahindra.  It is a success story in itself that shows how from a simple transport company it has grown into a full-fledged logistics ….  Read More

Apparels

Impact of C19 on the Apparels industry

EunimartUncategorizedArtificial IntelligenceautomationBusiness AutomationCatalog ManagementClothesCross-Border SalesecommerceFashionInventory ManagementListing ManagementLogisticsMachine LearningMultichannel sales managementomnichannel managementorder managementPaymentPricing CalculatorRetail Managementsupply chain managementUnited Payment SystemWarehousing

Reading Time: 4 minutes The possibility of a ‘reset and reshape’ cannot be overruled with greater innovation in the form of Omnichannel sales in the apparel industry as well as the digital acceleration of trade practices. Ever since the Coronavirus emerged, speculations have been rife about its impact on the apparel industry. As far back as January 2020, speculators ….  Read More

ecom now

Should retail businesses invest in ecommerce solutions now or wait?

EunimartUncategorizedArtificial IntelligenceautomationBusiness AutomationCatalog ManagementCross-Border SalesecommerceIncrease ProfitsInventory ManagementListing ManagementLogisticsMachine LearningMultichannel sales managementomnichannel managementorder managementPaymentPricing CalculatorRetail Managementsupply chain managementUnited Payment SystemWarehousing

Reading Time: 3 minutes Remember that building an ecommerce site now—even if it’s a scaled version of what your brand needs—can help catapult and protect your brand as the COVID-19 outbreak continues to make an impact. “52% of consumers are avoiding crowds and 32% are leaving their house less often because of Coronavirus. And the stock market has become ….  Read More

Bata Omnichannel Strategy

Bata – A 126+ years old Brand that adopted Omnichannel Solutions

EunimartCaseStudiesArtificial IntelligenceautomationBataBusiness AutomationCatalog ManagementCross-Border SalesecommerceIncrease ProfitsInventory ManagementListing ManagementLogisticsMachine Learningomnichannel managementorder managementPaymentPricing Calculatorsupply chain managementUnited Payment SystemWarehousing

Reading Time: 4 minutes Company Overview: Bata came into existence when people had not seen anything like a World War. A company started by three siblings succeeded in becoming one of Europe’s leading shoe manufacturers in just a few decades due to smart entrepreneurship, mechanization, and competitive pricing. By the first World War, Bata was creating history with 5000 ….  Read More

FabIndia

How Fabindia reduced their inventory turnaround time by more than 30%

EunimartCaseStudiesArtificial IntelligenceautomationBusiness AutomationCatalog ManagementCross-Border SalesecommerceFabIndiaIncrease ProfitsInventory ManagementListing ManagementLogisticsMachine Learningomnichannel managementorder managementPaymentPricing Calculatorsupply chain managementUnited Payment SystemWarehousing

Reading Time: 4 minutes Company Overview:  John Bissell, a lesser-known name but FabIndia is a brand that strikes our mind immediately.  There cannot be many professionals in Indian cities who have not, at one time or another in the last 25 years, possessed either a Fabindia shirt, kurta, bed cover, dhurrie, or napkin. More than any fashion dictator, social ….  Read More

Groceries & Pharmaceutical Supply Chain

Impact of C19 on the Groceries and Pharmaceutical Supply Chain

EunimartUncategorizedArtificial IntelligenceautomationBusiness AutomationCatalog ManagementCross-Border SalesecommerceEssential GoodsGroceryIncrease ProfitsInventory ManagementListing ManagementLogisticsMachine LearningMedicinesMultichannel sales managementomnichannel managementorder managementPaymentPricing CalculatorRetail Managementsupply chain managementUnited Payment SystemWarehousing

Reading Time: 4 minutes Forrester has predicted that the global loss in the retail sector will likely hit $2.1 trillion in 2020 and will take four years to overtake the levels of growth seen before the pandemic. Although this prediction might differ for various countries, it is assumed that grocery offline sales will see a 20% decline in growth ….  Read More

Indian businesses to fill the void left by China

Coronavirus- Indian businesses to fill the void

EunimartUncategorizedArtificial IntelligenceautomationBusiness AutomationBusiness OwnersCatalog ManagementChinaCross-Border SalesecommerceIncrease ProfitsIndiaInventory ManagementListing ManagementLogisticsMachine LearningMultichannel sales managementomnichannel managementOpportunityorder managementPaymentPricing CalculatorRetail Managementsupply chain managementUnited Payment SystemWarehousing

Reading Time: 4 minutes The coronavirus set to take epidemic proportion in China is certainly a major health concern worldwide. India is a growing economy and capable of filling the void left in world markets with the impact of the deadly virus called Covid-19, on Chinese exports. Like a hydra spreading its venom, the virus has been spreading rapidly ….  Read More

In a world of Globalization, trading across borders to regions of viable demand is the best way to expand businesses and establish a brand. The major driving factors behind cross border International Businesses are high-profit margins, broader consumer base, earning valuable foreign exchange currencies which gives better tax benefits in the home country, diversify and expand across the globe. In a nutshell, you will get a power pact business. However, as the saying goes, with great power comes great responsibilities. Numerous strategic aspects must be considered before commitment at an international level and afterwards. Businesses should be flexible to adapt all kinds of changing patterns at local, regional and international level. Furthermore, focusing on your core business, understanding different trade patterns which vary from country to country, adapting regulatory measures, understanding consumer behaviours for a specific geographical market, cross-border logistics, trading in multiple currencies and providing a seamless experience to the worldwide customer over multiple channels can be a real challenge. While we start the journey to grow our businesses internationally, we need to do this humongous task with extreme speed and efficiency which is very much possible with the concept of Artificial Intelligence – the computer software which engages in human-like activities. Artificial Intelligence is no more a fictional dystopia. Artificial Intelligence can solve the challenges by understanding the changes in consumer demand, predict future trends, better manage risks in Supply chain, strategies to plan better with better logistics channel and manage finances in the best possible way. Eunimart is one such name which can solve most of the challenges faced while going International. They are the world’s leading Artificial Intelligence-powered E-commerce enabler helping SMEs to expand their operations over 18 marketplaces across 100 countries in one single platform. Managing Inventory across borders can be a major issue while upgrading your businesses to International level because the number of marketplaces will increase and managing inventory at every point of sale or POS can be a real challenge. Eunimart’s integrated management system is an advanced single-window multichannel management tool providing end to end solutions to every possible business use case and process. Their highly customised enterprise solutions have helped numerous companies to achieve success. Many domestic businesses with ambitions to expand their businesses in International markets were facing challenges to manage inventories for the International Market. They were equipped to handle the offline and online transaction of the domestic market but were unaware of the International scale. Eunimart’s Artificial Intelligence-based Multichannel Inventory Management Tool gave them the platform where they started managing warehouses and stores across multiple locations, recorded returns and tracked cancellations across all their channels of sales. This platform helped them with intelligent sales predictions for different marketplaces based on products and location to sync their inventory with and increase revenues. Even with a local market scale productivity structure, because the businesses got equipped with advanced sales prediction, they can plan much better for their international expansion. Adapting to and understanding the regulations and taxations for a specific country is important while establishing a business with another country. It becomes more complex when Businesses need to trade across multiple countries. It becomes an essential factor in the pricing of the products. Eunimart’s Artificial Intelligence provides Business Intelligence Insights to help customize prices for the same products in different countries depending on the external factors like tax and currency used. This AI lead platform rescued the Businesses from incurring regular costs like hiring more trained manpower. Furthermore, they help in cataloguing based on which country the product is getting ordered, adds up the tax parts, compare prices with the local market or global competitors and helps to zero in on the best price to get the desired profit margin with just a single click. No need for hiring more trained manpower, no more deploying multiple software for each task and that reduces the overall cost. International Business became more of a reality than a dream, with Artificial Intelligence in image optimisation, Artificial Intelligence in content management and Artificial Intelligence in competition analysis. Hence, reducing the risk factors from competitions and creating a room to be a more proactive player before becoming a global player. Another major area where your business can face a greater challenge while expanding them abroad are Logistics. One of Eunimart’s client manufactures Health and Beauty products and wanted to launch its products internationally. The major challenge they faced was during choosing the perfect logistics partner. Since they had cosmetic products which consist of liquids, creams, gels and few of the products contain organic ingredients, they could leak or could have had delicate packaging and get scuffed. Not all Shipping carriers were suitable to carry such products internationally. Moreover, rules and regulations vary from country to country regarding certain products, especially those which contain alcohol and solvents as ingredients. Flight carriers are stricter and even though a few agreed to transport, quoted huge cost and reduced their profit margins considerably. This became a huge barrier for them to expand in the international markets. But Eunimart’s Artificial Intelligence-based enterprise solution platform helped them to choose an appropriate, more efficient, reputed delivery channel. It pulled out relevant data of whether the Logistics provider has any specific requirement to carry a particular product to any specific country while abiding by that country’s rules and regulations too. It became a complete map, providing the best carrier option based on the location as per the product they are carrying at the best rates. Artificial intelligence made the difficult task of choosing the best possible logistics-provider much more efficient and cost-effective. Artificial Intelligence has thus made business operations much more organized and efficient. Moreover, when you get to monitor your complete business operations in a single platform with live business data along with the predictive reports of future sales, probable revenues and data of potential customers, the business grows beyond the borderlines. With the rapid advancement of technology and growth of consumers, it will never be a headache again if your business needs to add a new channel into your business model. Eunimart made expanding your business simple and kept the effort and complexity to a single platform level. With Artificial Intelligence managing your warehouses, you can plan better with storage which can reduce the cost of your logistics. With up to 25 different logistics partners, you get to choose the very best for your business. With the best delivery partner, you get to reach out to your customer faster and reconcile payments from all your channels of sales. Sellers get to do fulfil orders easily over multi-channel stores and process returns and cancellations seamlessly. With Artificial Intelligence at your service, your global business can manage everything from commissions, shipping charges, customs duties and taxes reconciled in a single platform. With predictive sales reports and performance reports, you will be prepared for the Global market like never before. Embrace technology today.

Artificial Intelligence (AI) in International Businesses

EunimartUncategorizedArtificial IntelligenceautomationBusiness AutomationCatalog ManagementCross-Border Salesecommerceglobal salesIncrease ProfitsInternational BusinessInventory ManagementListing ManagementLogisticsMachine LearningMultichannel sales managementomnichannel managementorder managementPaymentPricing CalculatorRetail Managementsupply chain managementUnited Payment SystemWarehousing

Reading Time: 4 minutes In a world of Globalization, trading across borders to regions of viable demand is the best way to expand businesses and establish a brand. The major driving factors behind cross border International Businesses are high-profit margins, broader consumer base, earning valuable foreign exchange currencies which gives better tax benefits in the home country, diversify and ….  Read More

lockdown

The Lockdown & what it means for your business

EunimartUncategorizedArtificial IntelligenceautomationBusiness AutomationCatalog Managementcoronaviruscovid19Cross-Border SalesecommerceIncrease ProfitsInventory ManagementListing ManagementlockdownLogisticsMachine LearningMultichannel sales managementomnichannel managementorder managementPaymentPricing CalculatorRetail Managementsupply chain managementUnited Payment SystemWarehousing

Reading Time: 3 minutes Major economies of the world slipping into a ‘near-halt’ due to the Coronavirus pandemic, Indian exporters find themselves in a state of turmoil as trade in the country’s top destinations are paralyzed. Trade is crippled in most of these destinations due to a near-collapse of the global supply chain as the cargo movement stopped. The ….  Read More