The hardware industry continues to be impacted by multi-national consolidation. Larger retail chains see hardware as a lucrative opportunity to capture market share – similar to what has been seen within grocery & liquor segments.
Competition is fierce from big-box home improvement stores, through to the trade elements of their business. Consumers demand range, low prices and excellence customer service and product knowledge at the coal face.
To support these operations, clean and accurate master data provides the cornerstone to store operations and online trading. Industry working groups have pushed through the barriers and enforced global standards for numbering & barcodes, data sync and business-to-business (B2B) functions. The industry will continue to implement systems that support a more efficient supply chain and trading environment.