Article
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The Impact of Integrated Marketing Strategies on Supply Chain Efficiency in Retail Businesses
Version 1
: Received: 1 June 2024 / Approved: 3 June 2024 / Online: 3 June 2024 (14:25:14 CEST)
How to cite: Mitchell, E. The Impact of Integrated Marketing Strategies on Supply Chain Efficiency in Retail Businesses. Preprints 2024, 2024060096. https://doi.org/10.20944/preprints202406.0096.v1 Mitchell, E. The Impact of Integrated Marketing Strategies on Supply Chain Efficiency in Retail Businesses. Preprints 2024, 2024060096. https://doi.org/10.20944/preprints202406.0096.v1
Abstract
This study investigates the impact of integrated marketing strategies on supply chain efficiency in retail businesses. Through qualitative research methods including in-depth interviews and case studies, the study explores how aligning marketing activities with supply chain operations influences various aspects of retail performance. The findings reveal that integrated marketing strategies lead to enhanced demand forecasting accuracy, improved customer satisfaction, and greater operational efficiency. By leveraging technology, such as artificial intelligence and data analytics, retailers can optimize inventory management, personalize offerings, and anticipate consumer preferences in real-time. Cross-functional collaboration and effective leadership emerge as crucial factors in fostering integration and overcoming challenges such as data management and cultural resistance. Additionally, the study highlights the significance of sustainability and entrepreneurship in driving integrated strategies, with implications for long-term competitiveness and brand reputation. The findings underscore the importance of viewing marketing and supply chain functions as interconnected elements of a holistic business strategy, rather than operating in silos. The study offers valuable insights for theory, practice, and future research, emphasizing the need for holistic and collaborative approaches to integration in the dynamic retail landscape. By embracing integrated marketing strategies, retailers can position themselves for success in an increasingly competitive market environment, driving innovation, efficiency, and customer satisfaction.
Keywords
Integrated marketing; supply chain efficiency; retail businesses; qualitative research; technology; collaboration; sustainability; entrepreneurship
Subject
Business, Economics and Management, Business and Management
Copyright: This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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