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Published on: July 24, 2017
Data-driven and people-centric operations: Research opportunities in retail operations
Yuanzheng Ma1, Yating Zhang2, Huan Zheng2
1School of Management, Huazhong University of Science and Technology, Wuhan 430074, China.
Retail operations are evolving with data analytics for better consumer experiences. This review covers data-driven and people-centric approaches in retail, addressing challenges like privacy and worker behavior for future research.
Area of Science:
- Operations Research
- Retail Management
- Data Science
Background:
- Retailers leverage granular operational and behavioral data for enhanced decision-making.
- Data utilization presents opportunities (e.g., dynamic assortments) and challenges (e.g., privacy concerns).
Purpose of the Study:
- To review advancements and research trends in data-driven and people-centric retail operations.
- To identify emerging research topics at the intersection of data analytics and human factors in retail.
Main Methods:
- Literature review of studies on data-driven and people-centric approaches.
- Analysis of key retail process steps: consumer targeting, product design, assortment, pricing, store, last-mile, and warehouse operations.
Main Results:
- Identified trends in utilizing consumer and employee data for fine-tuned retail decisions.
- Highlighted the dual nature of data-driven strategies, offering enhanced experiences alongside privacy and behavioral challenges.
Conclusions:
- Designing data-driven and people-centric operations rules is a critical emerging research area.
- Future research should focus on balancing data utilization with consumer privacy and employee well-being in retail.
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