Retail TouchPoints

NOVEMBER 17, 2023

Applying this practice, retailers can proactively troubleshoot stockouts and delays to ensure that customers’ orders can still be fulfilled to their satisfaction in a timely manner. In manufacturing, product substitution can be a valuable tool for optimizing inventory management.

Customer Experience 237

Customer Experience Inventory Management Fulfillment Inventory Turnover 237

Retail Focus

AUGUST 8, 2023

Order Fulfillment When outsourcing, retailers can benefit from streamlined inventory management, order processing, and shipping. Third-party logistic experts possess the infrastructure, expertise, and technology required to handle outsourcing order fulfillment with precision.

Loss Prevention 130

Loss Prevention Inventory Management Inventory Turnover Shrinkage 130

Retail TouchPoints

JUNE 6, 2022

As grocers around the world work furiously to meet consumers’ demand for delivery without breaking the bank, Chinese online grocer Missfresh looks to have a winning model. Where Chinese consumers do need some convincing, however, is in buying fresh produce online. One way to ensure the freshness Chinese consumers demand is speed.

Grocer 269

Grocer Inventory Turnover Fulfillment Shopping 269

Retalon

AUGUST 5, 2020

Navigating changing consumer tastes and the evolving technology landscape has always made retail a challenging industry. How effective are their promotional campaigns? But of the myriad options, what are the KPIs in retail that will truly drive profitability and make the best use of a retailer’s substantial inventory investment?

Inventory Turnover 41

Inventory Turnover Promotions Merchant Services Markdowns 41

Retalon

FEBRUARY 15, 2022

Price elasticity of demand, meaning the effect that a set price will have on demand, is an important consideration when setting prices, running promotions, or markdowns. When Inventory is proactively allocated among locations to meet demand, customers are not repeatedly met with empty shelves pushing them to other retailers.

Markdowns 41

Markdowns Inventory Turnover Fulfillment Accounting 41

RETAIL MANAGEMENT SOFTWARE

MARCH 11, 2022

Offering discounts and promotions are effective methods for moving stagnant inventory through the purchase cycle. Utilize drop shipments to avoid excess inventory on hand – Drop-shipping products allow you transfer customer orders directly to the manufacturer.

Inventory Management 92

Inventory Management Management Inventory Turnover Drop-Shipping 92

Retalon

AUGUST 14, 2023

Modern furniture inventory software provides the insights and automation needed to manage stock for omni-channel fulfillment. Why Furniture Retail Executives Should Care As an executive overseeing merchandising, planning or store operations, you may be wondering why you should care about furniture inventory management software.

Inventory Management 41

Inventory Management Management Dead-Stock Inventory Turnover 41