Remove Finance Remove Fulfillment Remove Inventory Management Remove Store Operations
article thumbnail

Inventory Accuracy: The Not-so-Secret Ingredient for Holiday Sales Success

Retail TouchPoints

With Salesforce’s 2023 holiday predictions forecasting that BOPIS (buying items online for in-store or curbside pickup) will influence $28 billion in incremental sales during the holiday season, retailers seeking to capitalize on this revenue opportunity need to ensure their store operations and inventory management practices are up to par.

article thumbnail

The Future of Retail: How Top Brands Choose In-Store Tech

RETAIL MANAGEMENT SOFTWARE

Retail executives, supported by finance and innovation teams, must pinpoint operational inefficiencies that can be mitigated through technology. Top-performing teams: Pinpoint-Specific Problems: Retailers often face significant inefficiencies in pricing & promotion execution and managing stocks.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Streamlining Retail Operations With Innovative Tech Solutions

365 Retail

Luckily, new technology offers solutions to streamline retail store operations, boost operational efficiency, and provide top-notch service. Optimizing Inventory Management Proper inventory control is crucial for any retail business. Enter smart inventory management systems.

article thumbnail

As the Holidays Approach, it’s Time to Rethink Retail Pricing Methodology…and AI Can Help

Retail TouchPoints

Keeping in mind as well the need to optimize their supply chain fulfillment to meet consumer delivery expectations while managing parcel carrier costs? With AI, where the nuances of pricing and fulfillment between brick-and-mortar and online sales can be analyzed, the answer is yes.

Markdowns 273
article thumbnail

Why Data-Driven Decision-Making Will Define the Future of Retail

Retail TouchPoints

Now, on top of the usual challenges that retailers face — fickle consumers, stiff competition, product availability and pricing pressures/low margins — they must go above and beyond to fulfill shopper demands. But they can only make these changes — and fulfill shopper expectations — by using data and analytics.