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What Are Key Principles of Effective Store Inventory Control?

Small Biz Trends

Understanding Inventory Control Grasping inventory control is vital for any business aiming to optimize its stock management and improve profitability. Effective inventory control involves managing stock levels to guarantee you have the right amount of products available when customers need them.

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What Is Supply Chain Inventory Control and Its Importance?

Small Biz Trends

By focusing on inventory optimisation , you can improve supply chain inventory optimization, which balances supply and demand as well as minimizing holding costs. In the end, a robust inventory control system greatly improves cash flow management by reducing excess inventory, freeing up capital for other crucial business investments.

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Four buzzwords that will define 2025: Tariffs, AI, RFID and aesthetic shopping

Inside Retail

Buzzword two: RFID and Inventory management With overall retail return rates averaging almost 15 percent, online returns reaching about 18 percent, and new Environmental Protection Agency sustainability reporting regulations for brands beginning in 2025, inventory management has been climbing up retailer radars for more and more reasons.

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Target CEO to Remain in Leadership Role as Company Eliminates Retirement Policy

Retail TouchPoints

Since joining Target in 2014, Brian has worked to transform Target into an omnichannel leader by driving a guest-centric, purpose-driven strategy.”. Valdez will be succeeded by Gretchen McCarthy, SVP of Global Inventory Management, effective immediately.

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Class action probe over Lovisa’s treatment of staff

Inside Retail

This includes team members, senior stylists, assistant store managers, store managers, inventory managers and any other in-store employees,” said the firm. “We “We are investigating the underpayments on behalf of casual, part-time and full-time employees of Lovisa.

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From Barcodes to Bytes: Retailers Prepare for Next-Generation UPC

Retail TouchPoints

Another UPC alternative, RFID, which first made waves in retail 10+ years ago, has also had a slower adoption, largely because of cost and implementation hurdles, despite its having similar benefits, specifically to track and manage inventory and enabling checkout-less “just walk out” transactions.

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Guarding the Retail Fortress: Cybersecurity Challenges and Network Interruption Risks

Retail TouchPoints

The Evolving Threat Landscape Retailers increasingly rely on digital platforms for sales, inventory management and customer engagement. In 2014, cybercriminals used a third-party vendor’s credentials to enter Home Depot’s network and deployed malware on the self-checkout systems to steal customer information.