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 233

Customer Experience Inventory Management Fulfillment Inventory Turnover 233

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

A network of in-house riders ensures orders can quickly be delivered once they’re packed, and the dispatch and packing is all coordinated by AI that monitors inventory levels, gives pickers their tasks and plans routes for riders. You can be more agile, you incur lower costs and you can have better coverage of the population.”.

Grocer 265

Grocer Inventory Turnover Fulfillment Shopping 265

Retalon

FEBRUARY 15, 2022

The forecast of future sales demand informs almost all of the decisions a retailer makes throughout the product journey: Planning. What’s more, you’re able to buy enough inventory to meet demand without being left with overstock. Planning inventory based on sales history depends on a logical approximation. Let’s find out.

Markdowns 41

Markdowns Inventory Turnover Fulfillment Accounting 41

Retalon

AUGUST 5, 2020

How effective are their promotional campaigns? Jump Ahead Most Important KPIs for the Retail Industry in 2020 Examples of Retail KPIs that Maximize Inventory ROI 1. Inventory Turnover Ratio 3. Promotions Uplift Retail KPIs that Answer Questions About Customer Behavior 8. Inventory Turnover Ratio.

Inventory Turnover 41

Inventory Turnover Promotions Merchant Services Markdowns 41

RETAIL MANAGEMENT SOFTWARE

MARCH 11, 2022

Check data and reports regularly – Consistently checking data will give you a good idea of how your inventory is performing overall. Plan before buying your inventory- Use your data to determine what you should order. Maximize inventory turnover- Increase turn rate to move product gradually through the purchasing cycle.

Inventory Management 92

Inventory Management Management Inventory Turnover Drop-Shipping 92

Retalon

AUGUST 14, 2023

Does your retail business struggle with outdated inventory systems and cumbersome spreadsheets? Nearly 70% of retailers face challenges managing inventory due to relying on legacy processes. For executives in planning and merchandising roles, this leads to sleepless nights and the nagging feeling there must be a better way.

Inventory Management 41

Inventory Management Management Dead-Stock Inventory Turnover 41