Retail TouchPoints

FEBRUARY 12, 2021

RFID is also being extended for item-level identification as part of future-forward innovation plans, such as the adoption of blockchain for increased transparency. RFID can raise inventory visibility up to 99%. The lack of digitization in the supply chain coupled with unpredictable demand makes inventory management chaotic at best.

Fulfillment 233

Fulfillment Markdowns Inventory Management Customer Experience 233

Retalon

APRIL 21, 2021

Omnichannel order fulfillment that drives customer experience (and boosts profits). Although the trend towards omnichannel fulfillment is not new, the pandemic changed many retailers’ business models almost overnight, and these changes are not going away. What is omnichannel order fulfillment in retail?

Fulfillment 41

Fulfillment Drop-Shipping Shipping Returns 41

Retalon

DECEMBER 8, 2021

Why should retailers care about their Order Fulfillment Process? Order fulfillment may seem like a fairly straightforward process and according to the generic “high-level” definition, it is. In today’s market, putting the right fulfillment system in place gets you a competitive edge. What is order fulfillment?

Merchant Services 41

Merchant Services Fulfillment Drop-Shipping Shipping 41

Retalon

JUNE 29, 2013

In order to achieve this there is a lot of thought put into inventory management, allocation, and replenishment processes. Most retailers begin by creating a plan based on the big picture of their business process, and then they purchase the inventory, and allocate it to stores from the DC.

Inventory Management 32

Inventory Management Management Markdowns Fulfillment 32

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. Indicators you’re managing bad inventory. Drastic Markdowns. Siloed inventory management.

Inventory Turnover 41

Inventory Turnover Management Inventory Management Dead-Stock 41

Retalon

AUGUST 14, 2023

Inventory management, order fulfillment, and sales data are integrated in one centralized system instead of siloed by channel. Unlocking Revenue Growth Potential More sales avenues and integrated inventory planning mean higher conversion rates and reduced markdowns. This aligns inventory planning.

Markdowns 41

Markdowns Customer Experience Shopping Planning 41

Retalon

FEBRUARY 25, 2022

Whether losing sales to out-of-stocks, or facing overstocking costs and markdowns, inefficient stock replenishment has a huge impact on a retailer’s GMROI. Meeting sales demand has always been challenging, effective replenishment should mitigate issues that arise from poor planning and allocation. Inventory Management Software.

Inventory Management 47

Inventory Management Fulfillment Markdowns Location 47

Retalon

SEPTEMBER 22, 2021

Instead of only shipping to customers’ homes, retailers let online customers shop from their local and online store’s inventory and pick up their orders from their closest brick-and-mortar location the same day. A retail fulfillment process that is known as BOPIS — Buy Online, Pickup In-Store. What is BOPIS?

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41

Retalon

SEPTEMBER 11, 2020

Often resulting in inventory distortion that lead to lost sales and costly markdowns. Traditional analytics relies too much on past sales to plan and manage inventory. For instance, many retailers run promotions while lacking integration between promotion and inventory management processes.

Fashion 41

Fashion Markdowns Promotions Accounting 41

Retalon

SEPTEMBER 29, 2014

What retailers need is a strategy to allow stores to become fulfillment centers. This means that a store must not only carry enough inventory to satisfy forecasted demand, but also additional stock to satisfy any online or mobile orders that will be fulfilled though their location. How do you build a smart fulfillment strategy?

Fulfillment 36

Fulfillment Markdowns Shipping Inventory Management 36

Retalon

APRIL 27, 2021

Although e-commerce gets all of the attention, the past two decades of technological change have transformed every aspect of the retail business — from planning, inventory, pricing, and promotions — all the way down to customer service and the in-store experience. to optimize inventory for gross margins.

Fulfillment 41

Fulfillment Markdowns Promotions Returns 41

Retalon

NOVEMBER 29, 2014

What retailers need is a strategy to allow stores to become fulfillment centers. This means that a store must not only carry enough inventory to satisfy forecasted demand, but also additional stock to satisfy any online or mobile orders that will be fulfilled though their location. How do you build a smart fulfillment strategy?

Fulfillment 32

Fulfillment Markdowns Shipping Inventory Management 32

Retalon

MARCH 4, 2019

Retail is changing faster than ever, and keeping up fulfilment needs, competitive pricing, and trendy assortment is costly. Modern retailers take advantage of advanced retail predictive analytics planning solutions. This means that changes to plans are very cumbersome. This means that changes to plans are very cumbersome.

Inventory Management 32

Inventory Management Markdowns Planning Fulfillment 32

Retalon

JANUARY 5, 2021

An inaccurate forecast, unpredictable changes to consumer preferences, shifts in the competitive landscape, or major economic events can all completely throw your planning and purchasing off-track, leaving you with major inventory distortions despite your best plans. Why isn’t the current method working?

Location 41

Location Inventory Management Markdowns Fulfillment 41

Retalon

JULY 15, 2019

Not only do overstock situations force retailers to markdown inventory at the end of a season at slim-to-no profit margins, but it also takes up physical space in stores warehouses, accruing carrying costs, and ties up extra cash that could be used towards advancing business goals. 3. Logistics and fulfillment challenges.

Markdowns 32

Markdowns Promotions Inventory Management Planning 32

Retalon

AUGUST 16, 2019

How can you juggle concerns like forecasting, inventory management, distribution, fulfillment, and more against the growing demand for personalization, all while continuing to create the consistent experience customers expect? From a Customer side, nobody likes being bombarded by ads & products they don’t want or need.

Customer Experience 32

Customer Experience Fulfillment Markdowns Consumer 32

Retalon

AUGUST 16, 2019

So, how can you juggle concerns like forecasting, inventory management, distribution, fulfillment, and more against the growing demand for personalization, all while continuing to create the consistent experience customers expect ? From a Customer side, nobody likes being bombarded by ads & products they don’t want or need.

Fulfillment 32

Fulfillment Customer Experience Markdowns Consumer 32

Retalon

AUGUST 20, 2019

What do consumer purchasing habits look like, and how streamlined is your fulfillment process? For starters, you need omni-channel visibility that ensures customers have access to the same inventory across platforms. – Inventory management. – Merchandise, Assortment, and Store planning.

Fulfillment 32

Fulfillment Comparison Shopping Markdowns Promotions 32

Retalon

AUGUST 20, 2019

What do consumer purchasing habits look like, and how streamlined is your fulfillment process? For starters, you need omni-channel visibility that ensures customers have access to the same inventory across platforms. – Inventory management. – Merchandise, Assortment, and Store planning.

Fulfillment 32

Fulfillment Comparison Shopping Markdowns Promotions 32

Retalon

AUGUST 2, 2019

Businesses collect more data than ever before and from every aspect of the supply and demand chain—logistics; vendor compliancy/lead times; POS data; inventory levels; traffic cameras; prices; markdowns; consumer behavior; demand forecasts; and more. Consider the way retailers traditionally forecast fulfillment.

Merchant Services 39

Merchant Services Fulfillment Accounting Markdowns 39

Retalon

AUGUST 2, 2019

Inventory levels (store, warehouse, distribution centers). Prices (markdowns, promotions, competitor prices, etc.). Consider the way retailers traditionally forecast fulfillment. Add in a final fly-by-your-gut manual tweak and the fulfillment forecast would be ready. POS data (sales, returns, etc.). Demand forecasts.

Merchant Services 32

Merchant Services Fulfillment Accounting Markdowns 32

Retalon

JULY 4, 2018

Ultimately many retailers will often compete on the fulfillment strategy. A Forrester research team surveyed retailers on what they plan to implement to support fulfillment efforts. This dynamic fulfillment approach isn’t just the reality of where retailers need to be today, but it is also highly profitable.

Promotions 32

Promotions Fulfillment Shipping Markdowns 32

Retalon

DECEMBER 22, 2014

Retalon is known for Smart Fulfillment. Smart Fulfillment is a small, but important part of it, and I will address it in the next question. Regarding omni-channel fulfillment, how does predictive analytics help retailers take action on the data and deliver better results? Originally posted on Retail IT Insights.

Dead-Stock 32

Dead-Stock Promotions Fulfillment Markdowns 32

Retalon

DECEMBER 22, 2014

Retalon is known for Smart Fulfillment. Smart Fulfillment is a small, but important part of it, and I will address it in the next question. Regarding omni-channel fulfillment, how does predictive analytics help retailers take action on the data and deliver better results? Originally posted on Retail IT Insights.

Dead-Stock 32

Dead-Stock Promotions Fulfillment Markdowns 32

Retalon

AUGUST 5, 2020

Throughout the history of retail, success and failure has come down to how well a company manages — and profits from — its inventory investment. Inventory management teams calculate the In-Stock Percentage by dividing the number of stores that have a SKU in stock by the number of stores that should stock that SKU.

Inventory Turnover 41

Inventory Turnover Promotions Merchant Services Markdowns 41

Retalon

OCTOBER 18, 2013

Other directions that I should mention here is retailers are trying to establish relations between inventory levels and other drivers such as prices and promotions. And if you use these numbers to forecast your next year data, you’ll basically plan yourself to be out of stock next year. Bob Johns: Interesting.

Markdowns 32

Markdowns Promotions Planning Accounting 32