Remove 2017 Remove Inventory Management Remove Markdowns Remove Point of Sale
article thumbnail

How Woolies is using 2D barcodes to increase sales and transparency

Inside Retail

There are also other supply chain benefits for businesses including improved inventory management, recall readiness, sustainability, ethical sourcing and product authentication. Their journey began in 2017 with just loose produce. “At

Markdowns 130
article thumbnail

The Future of Retail in the New Era of Risk

Retail Prophet

The result is slow turns, deep markdowns, write-offs, and heaps of dead stock in warehouses, much of which eventually becomes landfill. The myopic focus on low price has lead to an epidemic of markdowns and dead stock. Sprinkle in some accounting for seasonality and you’ve got inventory management 101.