Online Magazine - Mobile App & eCommerce November 2021 Issue

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E-COMMERCEReducing Costs and LossesTo succeed as a retailer you need to keep a balance in inventory stocking so you haveenough products to sell and at the same time, unnecessary products don’t waste yourvaluable warehouse space.Big data will let you know the minimum required amount of inventory to maintain asmooth cash flow and seamless selling process. Identify which products can incuradditional costs in terms of storage costs, labor fees, shipping costs, insurance costs, andother inventory management costs. Then get rid of these products and avoid reorderingthem.Inventory shrinkage means the loss of inventory due to theft, damaged products,miscounting, and obsolescence.You can integrate an inventory management system capable of tracking the movementof both your products and employees.This can reduce theft risks to a large extent. If shoplifting tends to occur in a specificdepartment at a specific time, you’ll know that from data analytics. Take additionalsecurity measures to prevent future theft.Besides, you can track discrepancies in transactions and detect dishonest employees byusing an analytics program.Optimizing PricesBefore choosing a price for a particular product, you need to consider a few factors suchas its purchase cost, stock availability, competitors’ price, etc. Most people are prone toconducting online research before making a buying decision.So, you need to fix a fair price that will render you enough revenue at the same timecustomers will feel content. This should be a win-win situation. Big data analytics can helpyou select the right price by assessing these factors thoroughly.Moreover, big data can ensure that you’re offering the same prices in both your brick andmortar stores and ecommerce stores.This is a critical factor to satisfy your customers. Any mismatch found in physical storesand online stores may cause great harm to your reputation.24 Online Magazine - Mobile Apps & E-Commerce : Issue 13 . November . 2021
E-COMMERCEFacilitating Cross-sellingWhen a customer buys something online, if you recommend relevant products to his/hersearch queries or the products added to the shopping cart, chances are high that he/shewill buy any of the suggested products too.This is called cross-selling. If you enable big data on your website, it can automaticallyrecommend such products and increase cross-selling.Assessing Suppliers PerformanceAn irresponsible supplier can cause serious damage to your business by delaying deliveryor providing low-quality products. That’s why you need to maintain a healthy relationshipwith your suppliers.Big data allows you to be aware of the overall situation, including the state of delivery,quality of products, and product prices. This helps a user determine vendor performance.Evaluate your supplier’s performance and take necessary action to improve yourinventory management.Big data merged with IoT and AI can bring revolutionary changes to your warehousemanagement process. With the help of IoT-enabled devices, you’ll get a more effective,intuitive, responsive, optimized, and engaging inventory management system.It's high time to adopt automated methods in every aspect of your business. Integratingbig data with your inventory management system can be the first step. You’ll succeed inthis era only if you embrace new technologies.Royex Technologies, a leading Website, Mobile App, and E-commerce DevelopmentCompany in Dubai, have certified developers who can bring reality to any of your ideas.We have experience in developing over 300 projects for our clients in the GCC whichincludes several E-commerce websites, service applications, etc, so we have the expertiseperfect for your e-commerce requirements.25 Online Magazine - Mobile Apps & E-Commerce : Issue 13 . November . 2021
Page 1 and 2: ONLINE MAGAZINEMOBILE APPS &E-COMME
Page 3 and 4: EDITOR’S NOTEThe visual component
Page 5 and 6: E-COMMERCE07VITAL ELEMENTS OF HIGH-
Page 7 and 8: E-COMMERCEVITAL ELEMENTS OF HIGH-EN
Page 9 and 10: E-COMMERCESEO-friendlyHigh-end webs
Page 11 and 12: E-COMMERCE10 STEP GUIDE ON HOW TO M
Page 13 and 14: E-COMMERCECheck the UI & UX DesignY
Page 15 and 16: E-COMMERCEUse Google Tag ManagerTo
Page 17 and 18: E-COMMERCEWhy Do Online Reviews Mat
Page 19 and 20: E-COMMERCEEven Negative Reviews May
Page 21 and 22: E-COMMERCETHE ROLE OF BIG DATA IN I
Page 23: E-COMMERCEMonitoring Your Supply Ch
Page 27 and 28: MOBILE APPSMobile app development,
Page 29 and 30: MOBILE APPSAPP VS WEBSITE: WHICH IS
Page 31 and 32: MOBILE APPSPush notifications: Deli
Page 33 and 34: MOBILE APPSHOW TO MAKE A TELEMEDICI
Page 35 and 36: MOBILE APPSEfficient patient handli
Page 37 and 38: MOBILE APPSSend in-app messagesIn o
Page 39 and 40: MOBILE APPSThe failure of such chan
Page 41 and 42: MOBILE APPSSocial authentication de
Page 43 and 44: MOBILE APPSIMPLEMENTING THE SEARCH
Page 45 and 46: MOBILE APPSHow has Airbnb implement
Page 47 and 48: ROYEX TECHNOLOGIESONLINE SHOP& APP

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