Remove 2018 Remove Inventory Management Remove Management Remove Markdowns
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What are Retail Markdowns?

Wiser

Inventory management will rarely be the only thing that makes a retailer successful, but it can absolutely be the something that breaks you. Knowing what your customers like is one thing, but understanding how much of each item you need on shelves and how to price them is where inventory management can go awry.

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Gartner Hype Cycle for Retail Technologies 2018

Retalon

Distributed Order Management. Unified Price, Promotion and Markdown Optimization. The post Gartner Hype Cycle for Retail Technologies 2018 appeared first on Retalon. In this report: Analysis. What You Need to Know. The Hype Cycle. The Priority Matrix. Off the Hype Cycle. On the Rise. Contextualized Real-Time Pricing.

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Guide for Unified Price, Promotion and Markdown Optimization Applications

Retalon

Getting your product pricing right is absolutely critical to customer cross-channel experience, but the promise of unified price, promotion and markdown optimization is hard to achieve. The post Guide for Unified Price, Promotion and Markdown Optimization Applications appeared first on Retalon. In this report: Market Definition.

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What is Everyday Low Pricing?

Wiser

It’s a complex decision that involves customer behavior, marketing, supply chain and inventory management, and other functional areas. High-Low Pricing is a strategy where a brand starts with a high price and later decreases it via promotions, clearance, or markdowns. What is Everyday Low Pricing? Here are a few signs.

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How RFID Powers Retail: Past, Present and Future

Retail TouchPoints

A study conducted by the RFID Lab in 2018 called Project Zipper proved RFID was a game-changer in increasing inventory accuracy when pairs of orders between retailers and brands were studied. The lack of digitization in the supply chain coupled with unpredictable demand makes inventory management chaotic at best.

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Causes of Retail Overstock and Best Ways to Avoid Them.

Retalon

Not only do overstock situations force retailers to markdown inventory at the end of a season at slim-to-no profit margins, but it also takes up physical space in stores warehouses, accruing carrying costs, and ties up extra cash that could be used towards advancing business goals. How much safety stock is ideal?

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How retailers are optimizing and automating their business

Retalon

Inventory Management. Traditional inventory management is fragmented silo work that doesn’t take other processes into account. Things are done retroactively or not at all, and any changes made tend to be at a category level, not a SKU level, leading to lost sales and unnecessary markdowns.