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Main Points:
– Consumers are projected to spend $13.7 billion in a single day
– Almost every interaction is logged by a Customer Relationship Management (CRM) system
– Inventory software will automatically reorder products as needed
– Communication applications will automate sales confirmation and delivery updates
– Software as a Service (SaaS) applications are scaffolding the entire retail operation
Today is projected to be a heavy spending day for consumers, with total expenditure expected to reach a staggering $13.7 billion. The idea is almost as mind-boggling as trying to imagine what a billion rubber ducks would look like in your swimming pool.
While we, the consumers, are busy clicking around and partaking in retail therapy, virtually every interaction, sale and consumer engagement is being tracked and documented by a Customer Relationship Management (CRM) platform. CRM platforms are tireless, not like your dear old dad, who gets winded just from scrolling through his emails.
Unbeknown to many, inventory software is working behind the scenes, meticulously monitoring stock levels and automatically triggering reorders as required. Forget about things going bump in the night – in this case it’s things going ‘beep’ as stock gets automatically reordered.
Meanwhile, communication tools are also playing their part by automating necessary sales confirmations and sending out the anticipated shipping info. Unlike that aloof cat who never communicates its true feelings, these applications are a sprightly collie sending you all the updates you could hope for.
At the backbone of all these operations are Software as a Service (SaaS) applications. These applications form the latticework that supports all retail endeavors, proving themselves to be as indispensable as duct tape in the realm of home repairs.
The retail industry forecast suggests a colossal $13.7 billion consumer spend in a day. Most of this journey is moderated by CRM systems, with inventory software adding to the efficiency by automating stock reorders. Communication tools further join the technological parade by automating transaction confirmations and shipping updates. Holding all these elements together are the trustworthy SaaS applications, mirroring the foundational role played by duct tape in home repair operations. In essence, the modern consumer’s experience is shaped by the interplay of all these technologies. It’s a tech party, and every byte and bit are invited!Original Article: https://thehackernews.com/2023/11/how-to-handle-retail-saas-security-on.html
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