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Why inventory needs to be local

Inside Retail

Retailers are now investing significant resources into logistics, deploying the latest inventory management systems, automating warehouses and hiring hundreds of hardworking staff in an effort to pick, pack and ship online orders as quickly as possible. Using this stock to fulfil online orders is known as ship-from-store. .

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Does Procurement Play a Role in Retail Recovery?

Retail TouchPoints

For most stores with multiple locations, procurement has largely been a centralized process, with each location requesting and receiving inventory from the parent corporation, as needed. But supply chain disruptions resulting from the pandemic forced many store managers to go rogue and do whatever was needed to stay in business.

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Vitamin Shoppe CEO Sharon Leite Went Undercover in Her Stores. Here’s What She Learned.

Retail TouchPoints

It’s been a while since she’s been on the front lines though — not since the late ‘80s to be exact, when she was a manager at Express. To the employees she worked with while undercover she was Marie, a former gift shop manager from Ohio whose quest for a new start was being recorded for a documentary.

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Reshoring: COVID-19’s Impact On The Supply Chain

Retail TouchPoints

If a certain industry relies on offshore factories, reshoring means allocating the resources necessary to localize that production, which means organizations no longer have to depend on international deals and long-distance shipping. In a 2018 study, the consulting firm A.T. In June 2018, USA Today published a list of U.S.

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What are Retail Markdowns?

Wiser

Inventory management will rarely be the only thing that makes a retailer successful, but it can absolutely be the something that breaks you. Knowing what your customers like is one thing, but understanding how much of each item you need on shelves and how to price them is where inventory management can go awry.

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10 Online Business for Sale in June

Small Biz Trends

Established in 2018, this Decor Rental and Balloon Business has solid brand visibility and booked clients. The business allows you to run it from anywhere with management carried out via email and WhatsApp/Skype. As a drop-shipping operation, this Home Decor Ecommerce Business ships 98% of its orders directly from the supplier.

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The Impact of Sustainability in Shaping Retail

Retail Next

The most common solution for this problem is better inventory management which, nowadays, involves better digital documentation, IoT devices and even machine learning solutions. Furthermore, the ever-growing frequency of markdowns also causes overstocking, further exacerbating the problem. Offsetting.