Learning Goal: I’m working on a management test / quiz prep and need an explanation and answer to help me learn.
I need help with my midterm exam. It Must be typed and double-spaced. Each answer needs to be 2-3 pages in length. Remember to cite your sources and proof your work.
1. Define the term Industry 4.0. How will this retail revolution improve omni-channel retailing?
2. What kind of additional skills, techniques and strategies would retail/merchandise managers be required to learn?
3. Based on your research, readings, and videos during the last four weeks, what type of global omni-channel retail organizational and management practices do you foresee changing in the next five years?
4. Define the term, “Just-in-Time” (JIT) with respect to the exchange of goods. How will the function improve the process of an omni-channel retailer transitioning to I.4.0?