U.S. consumers expect to know, when they go to make a purchase, whether or not the items they want will be in stock, PYMNTS Intelligence reveals, and they are looking for real-time digital inventory updates from retailers to meet this demand. By the Numbers The...
Retail inventories climbed in February after being flat the prior month. According to the Commerce Department’s Monthly Retail Trade and Food Services report released Monday (April 15), inventories rose 0.6% month over month to $808.7 billion. The news follows last week’s release showing U.S. wholesale inventories climbing...
The way businesses pay vendors, handle invoices and apply for financing is, in many ways, what defines and drives their business strategy. And the financial operations supporting today’s top business strategies are increasingly getting a shot in the arm from artificial intelligence (AI) solutions that...
U.S. wholesale inventories rose 0.5% in February compared with January. When compared with February 2023, these total inventories declined 1.5%, the U.S. Census Bureau said in a Wednesday (April 10) press release. The monthly rise in wholesale inventories was expected by economists polled by Reuters, the media outlet reported Wednesday....
April 11, 2024
The way businesses pay vendors, handle invoices and apply for financing is, in many ways, what defines and drives their business strategy. And the financial operations supporting today’s top business strategies are increasingly getting a shot in the arm from artificial intelligence (AI) solutions that are redefining efficiency, payment speed and vendor settlement for businesses. […]
March 01, 2024
Brands invest significant resources in merchandising, often relying on third-party interventions to ensure proper stocking and presentation of products in stores. To accomplish this, brand representatives are deployed to stores...
January 22, 2024
Omnichannel commerce has transformed how we pay for things and the length of time in which we expect to get what we pay for. Delivery windows are shrinking. Where once...
November 15, 2023
Seven months of spending at the register… and now comes an interruption. October’s retail sales decline may prove to be a mere blip. Or maybe not. The latest data from the...
November 04, 2024
Veterinary care company Bond Vet has launched a partnership with spend management provider Coupa. The collaboration, announced Monday (Nov. 4), will see Bond Vet clinics employ Coupa’s artificial intelligence (AI) platform to manage their finances and supplies. “As Bond Vet opens more clinics to meet the growing need for high-quality pet care, keeping things running […]
April 15, 2024
Retail inventories climbed in February after being flat the prior month. According to the Commerce Department’s Monthly Retail Trade and Food Services report released Monday (April 15), inventories rose 0.6% month...
April 10, 2024
U.S. wholesale inventories rose 0.5% in February compared with January. When compared with February 2023, these total inventories declined 1.5%, the U.S. Census Bureau said in a Wednesday (April 10) press release. The...
December 18, 2023
Swedish-based FinTech company Treyd has expanded its “sell first, pay suppliers later” service to Ireland. “This marks a fantastic opportunity for Irish SMEs [small- to medium-sized enterprises] to embrace a fresh approach...
