Retail TouchPoints

OCTOBER 6, 2023

Accurate demand forecasting is the bedrock of efficient inventory management — a vital logistics function that should be operating at peak performance levels during the holiday shopping season when consumers expect the inventory they want to be available. 1: Demand forecasting. 2: Order cycle time. 4: Return rates.

Fulfillment 265

Fulfillment Returns Shipping Promotions 265

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

M19 Retail

MARCH 17, 2021

Mi9 Retail continues to make significant product investments in its flagship Merchandise Management platform to help its loyal customer base adapt to changing trends and strengthen their unified commerce strategies. Mi9 Retail Launches New In-Store Mobile App to Help Retailers Improve Inventory Management. Recent Posts.

Inventory Management 40

Inventory Management Management Markdowns Planning 40

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

Retail TouchPoints

SEPTEMBER 7, 2022

Added to that, even on a single device and rate plan sale, the retailer might be tracking upwards of five different subsidy types, depending on promotions at that time. Keeping inventory management separate. Managing store-within-a-store staff.

Kiosk 234

Kiosk Inventory Management Management Accounting 234

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.

Inventory Management 130

Inventory Management Management Accounting Point of Sale 130

I Vend

APRIL 22, 2024

Global sales in 2024 are at $1.046 trillion US dollars, and forecast to grow by $130 billion to $1.176 trillion by 2028. In a survey of 10,045 consumers, 95% said their ‘most used electronic device’ was their smartphone, and sales account for half of the trillion dollars revenue in 2024. With online sales accounting for 33.5%

Thrift Store 52

Thrift Store Point of Sale Inventory Management Returns 52

Inside Retail

NOVEMBER 27, 2023

AI-powered inventory management and demand forecasting Harnessing the power of artificial intelligence (AI) and machine learning (ML) has become an operational reality for retailer s, especially in the realm of inventory management and demand forecasting.

Consumer 147

Consumer Checkout Inventory Management Shopping 147

Retail Focus

MARCH 6, 2024

Expert Manager at Univers Retail | Published author | Visiting lecturer. It can improve supply chain operations by automating processes such as inventory management, procurement, and logistics through smart contracts executed on the block chain, which results in reduced costs and inefficiencies. Ghalia BOUSTANI.

Inventory Management 147

Inventory Management Customer Experience Fashion Consumer 147

Retail TouchPoints

OCTOBER 14, 2021

To say everyone is worn out is probably an understatement, and by all accounts marketers in particular are feeling the pressure — a staggering 70% of marketing executives said the pandemic has left them “completely exhausted,” according to a new report from Accenture Interactive. Early Birds Get the Products.

Marketing 284

Marketing Promotions Consumer Customer Experience 284

Retalon

JUNE 18, 2019

Promotion planning is a constant balancing act. You have many types of promotions to choose from, each with its own effects on consumer behaviour and the resulting outcome. These promotions must also fit within your overall promotional strategy which supports your company’s business goals.

Promotions 32

Promotions Markdowns Payment Services Inventory Management 32

Wiser

JULY 31, 2023

In the competitive world of retail, ensuring your products are in the right place at the right time can mean the difference between profit and loss. In addition, seasonal or promotional items that are not set up in time can result in lost sales and excess inventory that may need to be marked down, affecting your bottom line.

Store Layout 145

Store Layout Promotions Customer Experience Inventory Management 145

Retail TouchPoints

SEPTEMBER 23, 2022

Corporations manage 3PL warehouses with physical spaces and logistics teams. One 3PL can handle a multitude of clients at a time, and they store, manage and prepare the goods for shipment, process the orders and deliver them to customers via their partner carriers. Do they provide a personal account manager for your business?

Fulfillment 292

Fulfillment Shipping Inventory Management Management 292

Small Biz Trends

JUNE 29, 2023

Among the important customer service representative duties, they answer customer questions, process customer accounts, and effectively resolve service problems. Resolving customer complaints or any issues with their accounts. Collecting and recording account information. Assisting customers with opening new customer accounts.

Payment Services 75

Payment Services ATS Accounting Fulfillment 75

Retail TouchPoints

OCTOBER 22, 2021

This article will look at how to get a decent site from scratch without using off-the-shelf solutions like Magento, Shopify, and WordPress, as well as the top seven practices for custom ecommerce website development. At the same time, you need to focus on fast loading — users do not wait for a page to load for more than three to five seconds.

Payment Services 232

Payment Services Inventory Management Promotions Checkout 232

Retail Smart Guys

NOVEMBER 3, 2023

Timing is Everything: When to Begin Inventory Planning Inventory planning is the backbone of successful retail operations. It’s the art and science of ensuring that your store has the right products in the right quantities at the right time. These could be holiday sales, back-to-school events, or Black Friday promotions.

Planning 52

Planning Inventory Management Promotions Shipping 52

Retail Focus

JANUARY 12, 2023

Sales automation can also offer promotions and upsells tailored explicitly towards each customer and presented opportunistically. Inventory Management. Instead, it can focus their efforts on providing exceptional customer service to deals actually in the bag.

Payment Services 130

Payment Services Inventory Management Returns Checkout 130

Retail Minded

MARCH 2, 2022

Walmart is one giant retailer that uses hundreds of bots to automate operations, including answering workers’ inquiries, retrieving information from audit papers, monitoring inventory flow, and identifying slow-moving goods and deadstock. Walmart’s back-office manages millions of accounts receivable and millions of employee payrolls.

Payment Services 52

Payment Services Inventory Management Promotions Accounting 52

Retalon

JUNE 18, 2019

Retail Sales Promotion Goals, Examples, and How AI is Optimizing Them. Promotion planning is a constant balancing act. You have many types of promotions to choose from, each with its own effects on consumer behaviour and the resulting outcome. The math needed to account for these effects is hard enough.

Promotions 32

Promotions Markdowns Inventory Management Payment Services 32

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 245

Management Marketing Customer Experience Inventory Management 245

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

Hyken

AUGUST 31, 2023

This week, we feature an article by Sage , an international company that helps organizations of all sizes with accounting, payroll, and payment solutions. Enterprise resource management (ERP) systems centralize, automate, and manage core business data and processes, from inventory management to real-time sales information.

Payment Services 107

Payment Services Customer Experience Inventory Management Accounting 107

Wiser

FEBRUARY 21, 2024

Studies show that the duration for out-of-stock items to reappear in online search results and shopping carts can extend up to a week, underscoring the importance of diligent inventory management. Data indicates that online grocery pickup garners higher average sales per trip, emphasizing the significance of this shopping method.

Inventory Management 78

Inventory Management Retail Trends Consumer Promotions 78

Retalon

MAY 17, 2024

It is used for planning and optimizing various supply chain activities, including procurement, production, inventory management, and distribution. Predicting these fluctuations accurately requires sophisticated models that can account for seasonal patterns, promotions, and other temporal factors.

Supply Chain Management 41

Supply Chain Management Inventory Management Management Promotions 41

I Vend

MAY 5, 2023

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. Not just the store – today’s retail management systems are not just for transacting in the physical store during opening hours.

Management 95

Management Point of Sale Promotions Niche Retailing 95

Wiser

MARCH 4, 2024

Wiser Solutions is a pivotal partner in this journey, offering a suite of tools and insights designed to steer businesses through the complexities of retail maturity at every phase. Online No. Online No.

Management 78

Management Brand Management Inventory Management Marketing 78

Small Biz Trends

OCTOBER 28, 2022

Whether you need to track inventory, manage your Etsy account orders, or create marketing materials, we’ve got you covered. Etsy Seller apps are a collection of tools that allow sellers to manage their Etsy business. This is important when it comes to managing a successful Etsy shop. Let’s dive in!

Inventory Management 126

Inventory Management Management Shopping Marketing 126

Wiser

NOVEMBER 10, 2020

Being in a position to release new products is great, but as your assortment grows, so too does the complexity of your inventory management processes. In this article, we’ll look at what SKUs are, what “SKU rationalization” means, and some things you can do to get the most out of your SKU rationalization processes.

Merchant Services 99

Merchant Services Inventory Management Promotions Marketing 99

Inside Retail

OCTOBER 21, 2021

James Johnson, director of technology services & strategic accounts, APAC at Shopify, says it is critical for Australian retailers to optimise their product offers and sales channels to make the most of the sales season and seize the opportunity to end a difficult year on a high. Be clear on inventory decisions.

Returns 130

Returns Merchant Services Shipping Payment Services 130

I Vend

AUGUST 17, 2022

From frictionless checkout to seamless ERP integrations, to built-in promotions, loyalty, and inventory management – a sophisticated Grocery POS offers everything a modern-day retailer needs to deliver convenience to their customers. iVend Retail for Supermarket. iVend’s Grocery POS system is designed for convenience and speed.

Payment Services 52

Payment Services Inventory Management Checkout Supermarket 52

365 Retail

NOVEMBER 14, 2022

In fact, in 2021, the UK alone accounted for over ten per cent of global Black Friday searches online. Using a sound PPC and SEO strategy to support enticing promotions is a surefire tactic to create a buzz around your brand early on. Inventory management is key. What upsells and bundles you’re going to offer.

Merchant Services 59

Merchant Services Payment Services Inventory Management Fulfillment 59

Small Biz Trends

OCTOBER 27, 2022

The best ones include quick and easy listing, auto relist rules , inventory management, and multi-channel support. Let’s take a look at all the tools that made our list… 1. eBay Selling Manager Pro. First up is eBay’s own Selling Manager Pro , which is part of the eBay Seller Hub. ChannelAdvisor.

Drop-Shipping 105

Drop-Shipping Accounting Management Inventory Management 105

I Love Fashion

JANUARY 4, 2021

According to a report, the effective recommendation engine of Amazon accounts for a whopping 35% of its total sales. Just because customers intend to have the information at the click of a button or in the blink of an eye. Inventory Management. Inventory Management is one of the most pivotal aspects of an eCommerce site.

Fashion 111

Fashion Inventory Management Marketing Shipping 111

Retalon

MAY 11, 2021

Retail dashboards display the state of a retailer’s business in a visual, at-a-glance format designed to help retailers track and improve key elements of retail performance. Promotion planning and optimization dashboards. Inventory management dashboards. What are retail dashboards? E-commerce dashboards.

Inventory Management 41

Inventory Management Promotions Shipping Management 41

Retail Times

MARCH 30, 2021

Such solutions are also beneficial if you have several locations because they allow you to manage multiple stores from one place. Not ready for a full retail management solution? Consider creating an inventory management system in Excel. That’s where physical inventory counts come in. Integrate your platforms.

Merchant Services 98

Merchant Services Inventory Management Management Shrinkage 98

Retalon

FEBRUARY 25, 2022

Stock replenishment is the process of ordering and allocating inventory to replace missing products on store shelves. Replenishing stock is a key facet of inventory management which helps to balance inventory levels during a selling period. There are multiple factors and variables to account for and stay ahead of.

Inventory Management 47

Inventory Management Fulfillment Markdowns Location 47

Retail Minded

JANUARY 1, 2024

This lack of timely and accurate insights leaves retailers scrambling to determine which products they should maintain and which they should discontinue, impacting inventory management and profitability. From account type to competitor products to sales activity, these recommendations encompass all the relevant factors.

Supply Chain Management 52

Supply Chain Management Inventory Management Consumer Management 52