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Research Paper | Business Administration | Russia | Volume 13 Issue 11, November 2024 | Popularity: 5.4 / 10
Optimization of Business Processes in Retail to Increase Efficiency
Konstantin Maloroshvilo
Abstract: Business process optimization in retail is a strategic tool for improving operational efficiency, reducing costs and improving customer service. The main purpose of the research is to study modern optimization methods, which include the use of analytical systems, automation and intelligent solutions. The research methodology is based on the analysis of successful practices in the implementation of predictive analytics, intelligent routing and self - service cash register systems in large retail chains. The study identified key areas of optimization: inventory management, logistics and customer interaction at the cash level. The use of predictive models to predict demand and optimize logistics routes can reduce transportation costs and reduce inventory levels. Automation of cash register processes using self - service systems reduced the average service time, which contributed to an increase in the capacity of cash register areas and increased customer satisfaction. The introduction of omnichannel strategies, such as the integration of online and offline sales channels, has increased conversion and increased customer loyalty. In conclusion, the implementation of modern automation technologies and methods in key retail business processes contributes to a significant increase in operational efficiency, cost reduction and the creation of sustainable competitive advantages in the market.
Keywords: business processes, retail, optimization, automation, predictive analytics, operational efficiency, logistics, self - service, omnichannel strategies
Edition: Volume 13 Issue 11, November 2024
Pages: 427 - 431
DOI: https://www.doi.org/10.21275/MS241103171607
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