Remove 2018 Remove Inventory Management Remove Location Remove Markdowns
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Avoid Inventory Imbalances by Leveraging Retail Predictive Analytics

Retalon

The result of unreliable projections are inventory imbalances: mistakes in planning, purchasing, and inventory management, resulting in inventory levels that don’t match actual demand. Each year, inventory imbalances cost retailers an estimated $1.1 trillion annually. Key Takeaways.

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How retailers are optimizing and automating their business

Retalon

It then calculates the demand of every individual SKU across each location and/or channel and then proactively makes profitable recommendations. Every time a number is changed, the entire plan must be re-calibrated to consolidate the number and make sure it works across all locations, products etc. Inventory Management.

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Avoid Inventory Imbalances by Leveraging Retail Predictive Analytics

Retalon

The result of unreliable projections are inventory imbalances: mistakes in planning, purchasing, and inventory management, resulting in inventory levels that don’t match actual demand. Each year, inventory imbalances cost retailers an estimated $1.1 trillion annually. Key Takeaways.

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Coach joins Burberry and Gucci in dropping fur products

Retalon

Are the right products in stock at the right locations/channels to support the shift in demand? Are the current pricing and markdown strategies still the optimal ones based on the new forecast? What products being dropped already have substitutes being stocked? What products might also see an uplift? Learn more at retalon.com.

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Coach joins Burberry and Gucci in dropping fur products

Retalon

Are the right products in stock at the right locations/channels to support the shift in demand? Are the current pricing and markdown strategies still the optimal ones based on the new forecast? What products being dropped already have substitutes being stocked? What products might also see an uplift? Learn more at retalon.com.

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Predictive Analytics Brings Retailers Closer To Omni-Channel Customers

Retalon

If you’re a retailer reading this in 2018, you need to pat yourself on the back! Opening new stores can be expensive and risky, which is why many retailers have began connecting with their customers through Facebook, mobile apps, e-commerce stores, and pop-up/kiosk locations. Here’s the list of stores closing this year.).

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The Solution for Smart Fulfillment and Omni Channel Retailing

Retalon

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. The only way to achieve this feat is to accomplish all of this proactively. How do you build a smart fulfillment strategy? 1] [link].