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Retail technology for building recession resilience

I Vend

Flawless inventory management – inventory sitting in the warehouse represents a cost to retailers; a cost that can be managed down if stock turns can be increased. Retail business intelligence is the key to picking up on trends in time to adapt to them, rather than being left with stock outs, and missed sales opportunity. Product mix.

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12 Stockroom Organization Ideas and Guidelines to Implement in Your Retail Store

Retail Times

It’s where your management office will be located, where you’ll receive shipments, where your staff will first discover the exciting new inventory, and where your extra stock will live. Once she “ found a dead mouse in a ‘return to vendor’ pile!” . In many ways, your stockroom acts as the headquarters of the store’s operations.

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How the Supply Chain Disruption Is Sparking Holiday Risk & Resilience

Rangeme

Retail workers are quitting at record rates for higher-paying work: ‘My life isn’t worth a dead-end job.’ Out-of-stocks. To avoid out-of-stocks, many companies have conscientiously prepared for an earlier surge in holiday shopping. Walmart and Target reassure customers they’ll be stocked amid global supply chain squeeze.

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7 Indicators You’re Managing Bad Inventory (and How to Fix It)

Retalon

You’ve heard it referred to as, overstocks, write-offs, dead-stock, excess, spoiled, expired, and unsold. Last minute markdowns that offload stock at a loss. There is constant manual intervention, this may be transferring inventory between stores or ordering new stock. What is bad inventory called day-to-day?

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4 Critical Steps for Optimizing Omnichannel Order Fulfillment in 2021

Retalon

This includes everything from storing inventory, processing orders, picking stock, shipping packages, and delivering orders to the end consumer. Firstly, a BOPIS model simply pushes the optimization burden to the individual stores — as consumers tend to check individual store stock before ordering. Read More. January 6, 2021.

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How Predictive Analytics Are Transforming Omni-Channel Retail

Retalon

What is the optimal pricing/markdown strategy to sell off inventory by end of season while a staying away from lost sales, and dead inventory? How do you calculate optimal safety stock levels? How are predictive analytics helping retailers reduce out-of-stocks? How can the refine forecast accuracy?

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Sustainable Supply Chains in 2022 (and Beyond)

Retalon

This was possible because: Talented labor in other countries was cheaper than domestic workers Overseas factories began producing high-quality products at lower prices Consumers wanted goods to be equally attainable for all financial classes Increased margins allowed retailers to stock more inventory and carry larger assortments.