Retail Minded

DECEMBER 21, 2022

Managing and accounting the finances of a retail business is not an easy job, but it has to be done efficiently to ensure the business can diligently track revenues and losses. . Efficiency in accounting cannot be achieved without the right people in place. Another important aspect of accounting is financial reporting.

Accounting 52

Accounting Inventory Management Point of Sale Management 52

Retail TouchPoints

JANUARY 25, 2022

In the retail industry, many organizations are at a pivotal moment of forging a path forward to define the future-state customer experience where the physical and digital converge. 4) Think Big: Improve supply chain and inventory management. This inconvenience was arguably worse than not offering the service at all.

Management 249

Management Marketing Customer Experience Inventory Management 249

Retail TouchPoints

APRIL 19, 2024

For example, 60% of customers say they would be willing to pay more for a product with sustainable packaging, so it is paramount that businesses stay with the times and account for these shifting consumer preferences. Joseph Schlossberg is a VP of Global Sales at Sourcing Solutions International.

Supply Chain Management 233

Supply Chain Management Fast Fashion Apparel Shipping 233

Retail TouchPoints

OCTOBER 28, 2022

Every business has a number of core processes, units and departments that each function as vital cogs in the machinery, including manufacturing, order management, purchasing inventory, accounting, human resources, financial management and so much more. What Should you Look for in your Retail ERP System? That is not all.

Supply Chain Management 256

Supply Chain Management Inventory Management Management Accounting 256

Inside Retail

NOVEMBER 6, 2023

If tasks aren’t completed on time in a prioritised, efficient manner, omnichannel services can run late, customers receive lacklustre service, and employees can become frustrated at their inability to effectively complete their work. Zebra’s Workcloud is split into three solutions, (each formerly branded Reflexis).

Inventory Management 299

Inventory Management Promotions Management Shipping 299

Retail TouchPoints

NOVEMBER 20, 2023

External Theft According to the NRF, shoplifting and other forms of external theft, including burglary, accounted for 37% of reported shrink in 2022. Optimize inventory management: Like damaged products and shipping errors, theft can negatively impact retail inventory management. Regularly update all applications.

Payment Services 311

Payment Services Sporting Goods Inventory Management Loss Prevention 311

M19 Retail

MARCH 17, 2021

MIAMI, FLORIDA March 17, 2021 – Mi9 Retail, the number one vendor for tier one retailers (RIS 2021 Software Leaderboard) that enables them to automate and optimize merchandise management and demand planning, is pleased to announce the release of its new merchandise management mobile application (MMA).

Inventory Management 40

Inventory Management Management Markdowns Planning 40

Cisco Retail

NOVEMBER 10, 2021

Primary Blog Author : Rijin Champadan Puthykkeyi, Product Manager at Cisco Systems . 1) release, Cisco NX-OS adopted Smart Licensing with Policy (SLP) to simplify license management across Cisco Nexus products. Traditionally, NX-OS relied on Product Activation Keys (PAKs) to manage licenses. With the 10.2(1)

Management 145

Management Inventory Management Accounting Customer Experience 145

Inside Retail

MARCH 7, 2024

This experience led to a role in sales and account management, helping retailers solve fulfilment challenges, sparking my passion for the industry. Did having that insight into the way logistics companies operate help you implement best practices at Meshki? I often joke with the directors that I was (and still am) winging it.

Fulfillment 249

Fulfillment Shipping Returns Inventory Management 249

Retail TouchPoints

FEBRUARY 27, 2024

The Evolving Threat Landscape Retailers increasingly rely on digital platforms for sales, inventory management and customer engagement. Mattle is Retail and Distribution Leader – North America and Global Client Advocate at WTW. She has worked with several global companies focusing on risk management strategy.

Payment Services 245

Payment Services Wholesale Store Layout Inventory Management 245

Retail TouchPoints

JANUARY 30, 2023

As such, the store itself features a “completely reimagined” layout and inventory management system developed to enable “accurate and affordable grocery pickup in minutes.” “The 100-year-old grocery business is not immune to disruption,” said Matt Christensen, CEO and Managing Partner at Rose Park Advisors in a statement.

Grocer 312

Grocer Planning Supermarket Inventory Management 312

I Vend

MAY 8, 2024

We take a look at how modern, integrated POS for wine and liquor stores can unlock a future of growth. Our modern POS for wine and liquor stores unlocks growth Read more The global at home alcoholic drinks market is worth $1070 billion and is growing at a compound annual growth rate (CAGR) of 4.4%.

Shrinkage 81

Shrinkage Inventory Management Payment Services Point of Sale 81

Retail TouchPoints

JULY 12, 2023

Technology — specifically edge computing — provides the foundation for a better customer experience, real-time inventory management, enhanced security and loss prevention and in-store analytics. At the top of the list is computer vision — a field of artificial intelligence that enables computers to interpret digital images or video.

Payment Services 211

Payment Services Inventory Management Checkout Loss Prevention 211

I Vend

MAY 5, 2023

Retail Management Solution iVend offers a retail management solution for today’s world. When it comes to technology, today’s retail management solutions are almost unrecognisable compared to their forerunners – the large, fixed in-store terminals where we used to queue up to check out.

Management 95

Management Point of Sale Promotions Niche Retailing 95

Retail TouchPoints

AUGUST 4, 2023

Having more kiosks for customers to check in at also allows staff to be more flexible. Micro markets often come with management software that can help airport employees in the food and beverage industry increase productivity and optimize operations. The inventory management features also help operators track any theft.

Payment Services 224

Payment Services Kiosk Marketing Shrinkage 224

Retail TouchPoints

JANUARY 18, 2022

“By partnering with RELEX, our corporate demand planners have the ability to improve processes that support our distribution and inventory management strategies,” said Bill Ruggles, Director of Procurement for Sheetz in a statement. RELEX will ultimately help ensure Sheetz customers have what they want, when they want it, 24/7/365.”.

Planning 197

Planning Inventory Management Accounting Promotions 197

Inside Retail

FEBRUARY 8, 2024

million and now account for 21.3 per cent at the end of FY23. Our focus remains on seeking to drive further and sustainable cost efficiencies and inventory management,” he added. Myer reported in its latest trading update that group comparable sales for the first half of FY24 were virtually flat, up by just 0.1

Department Stores 264

Department Stores Inventory Management Planning Returns 264

Inside Retail

MARCH 22, 2023

Australian manufacturers are dangerously overstocked, carrying an average $231,700 in additional products or ingredients, according to research from inventory management software provider Unleashed. Comparing, say, beverages and construction, you’re often looking at very different inventory models. “For

Inventory Management 264

Inventory Management Accounting Management Marketing 264

Retail TouchPoints

SEPTEMBER 7, 2022

It’s not as simple as using the primary store’s usual point-of-sale and retail management system for the wireless store-within-a-store. All this information then needs to be integrated with and tracked in the primary retail management system to give the retailer the overall big picture. Keeping inventory management separate.

Kiosk 238

Kiosk Inventory Management Management Accounting 238

Retail TouchPoints

APRIL 25, 2022

Supply chain management is the heart of retail management and has the ability to inform the overall health of a business. As a result, businesses looking to gain a competitive advantage in the global marketplace are investing more heavily in supply chain management. Navigating the Dynamic and Evolving Shipping Industry.

Supply Chain Management 285

Supply Chain Management Inventory Management Shipping Management 285

V Count

JANUARY 24, 2024

Here are some actionable insights and expert direction to help you excel in becoming a successful store manager and improve. Whether you have recently become a leader or have been a decision-maker for a long while, you need to adapt to the dynamic retail space if you want to improve your skills and become a better store manager.

Management 59

Management Store Layout Inventory Management Target Market 59

Inside Retail

JANUARY 30, 2024

Retailers worldwide may be facing challenging times right now, but the evolution of technology – including the deployment of AI – is opening the way to dramatic improvements in productivity at all stages of the retail business model. And that’s where your Workforce Management systems come into play,” says Bretherton.

Loss Prevention 147

Loss Prevention Shrinkage Inventory Management Markdowns 147

Retail Focus

SEPTEMBER 21, 2023

While owning a bar or restaurant is undeniably exciting, this journey is often strewn with myriad challenges that can keep even the most hardened entrepreneur awake at night. Often, staff view these jobs as mere stepping stones, rarely looking at them as long-term career opportunities. Waitlist apps come with a wide range of features.

Inventory Management 130

Inventory Management Management Accounting Point of Sale 130

Retail Gazette

FEBRUARY 22, 2024

Inventory Management and Forecasting AI-powered algorithms enable retailers to optimise inventory management and forecasting processes, reduce stockouts, minimise excess inventory, and improve overall supply chain efficiency.

Inventory Management 120

Inventory Management Checkout Inventory Turnover Promotions 120

Wiser

APRIL 9, 2024

We’re often asked to describe, step by step, how CPG customers utilize Wiser’s platform to overcome sales challenges both at the corporate level and within the store environment. Their goals include discussing the issues with store managers, rectifying the problems, and capturing relevant information to feed back into the system.

Accounting 78

Accounting Inventory Management Point of Sale Management 78

Small Biz Trends

DECEMBER 6, 2022

We’ll look at some of the top POS solutions currently available for this article. Once the payment is processed, the money is deposited into relevant accounts. Sale POS systems may also have additional functionality, including payroll, employee management, and customer tools such as loyalty programs. Brilliant POS.

Point of Sale 115

Point of Sale Payment Services Merchant Services Inventory Management 115

Inside Retail

MARCH 17, 2022

Unified commerce is the new holy grail for retailers, promising previously unheard-of levels of customer insights and control over all elements of sales and inventory management. Smarter inventory management enabled by unified commerce allows stores to resell the item or return it to the warehouse.

Checkout 246

Checkout Drop-Shipping Payment Services Inventory Management 246

Inside Retail

JANUARY 15, 2023

We believe there are six key strategic pillars, which should be taken into account to ensure your organisation is on the right track for supply chain resilience: Redesign your fulfilment network and your merchandise planning function for multi-channel fulfilment. About the author: David Bissett is a partner at Argon & Co Australia.

Inventory Management 130

Inventory Management Fulfillment Customer Experience Planning 130

Retail TouchPoints

FEBRUARY 10, 2022

Over the course of her 30-year career, The Vitamin Shoppe CEO has held leadership roles at Godiva , Sally Beauty , Pier 1 , Bath & Body Works , Gap and The Disney Store. It’s been a while since she’s been on the front lines though — not since the late ‘80s to be exact, when she was a manager at Express.

Inventory Management 297

Inventory Management Beauty and Health Management Planning 297

Inside Retail

APRIL 3, 2023

We know business managers are losing time and resources on over-complicated tech. Now’s the time to believe in a better way with the MYOB business management platform. If you’ve ever managed a business, you’ll know it takes a lot of hard work and resilience just to keep the lights on. Sound familiar?

Inventory Management 130

Inventory Management Finance Management Accounting 130

Retail TouchPoints

JANUARY 6, 2023

While the 2022 holiday season was by all accounts a success, retailers may want to buckle down as they head into the new year: four out of 10 U.S. While the 2022 holiday season was by all accounts a success, retailers may want to buckle down as they head into the new year: four out of 10 U.S.

Payment Services 320

Payment Services Promotions Consumer Inventory Management 320

Retail TouchPoints

FEBRUARY 2, 2023

But at many companies, critical front office decisions — such as in-store marketing or performance marketing — are being made at a higher level than where the work is done. Moreover, a major data and analytics trend will likely bolster the value of at-will access. Lack of data isn’t an issue.

Inventory Management 241

Inventory Management Management Point of Sale Finance 241

Retalon

FEBRUARY 10, 2022

Bad inventory is an expensive problem. Trillion annually as a result of bad inventory. Managing inventory becomes exponentially more complicated as a retailer grows; and often becomes an overwhelming challenge. What is bad inventory called? What is bad inventory called day-to-day? Drastic Markdowns.

Inventory Turnover 41

Inventory Turnover Management Inventory Management Dead-Stock 41

365 Retail

FEBRUARY 1, 2024

PoS systems are becoming essential for managing everyday commercial operations, from simple payment processing to inventory management and sales analytics in retail companies. Modern PoS systems often offer cloud-based or remote access features, allowing managers to monitor business operations from anywhere.

Merchant Services 52

Merchant Services Payment Services Inventory Management Management 52

Retail TouchPoints

SEPTEMBER 23, 2022

The company must have a warehouse to keep its inventory, and a logistics team to manage the goods for storing, ordering and shipping directly to stores/distributors or customers. Corporations manage 3PL warehouses with physical spaces and logistics teams. Do they provide a personal account manager for your business?

Fulfillment 296

Fulfillment Shipping Inventory Management Management 296

Star Miconics

MARCH 29, 2024

Its simplicity and efficiency have made barcode technology a staple in inventory management across diverse sectors, including grocery, retail , and hospitality. Furthermore, they have become indispensable in inventory management, helping to identify sales trends and tracking items throughout the supply chain.

Payment Services 59

Payment Services Inventory Management Checkout Point of Sale 59

Retalon

JUNE 29, 2013

Every retailer wishes to have the right product at the right place at the right time. In order to achieve this there is a lot of thought put into inventory management, allocation, and replenishment processes. Once inventory begins to run low at a specific store, it is replenished from the DC.

Inventory Management 32

Inventory Management Management Markdowns Fulfillment 32