Wiser
APRIL 7, 2020
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.
Retalon
JULY 25, 2018
Unified Price, Promotion and Markdown Optimization. The post Gartner Hype Cycle for Retail Technologies 2018 appeared first on Retalon. Entering the Plateau. Algorithmic Merchandise Optimization. Appendixes. Hype Cycle Phases, Benefit Ratings and Maturity Levels. Gartner Recommended Reading.
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Retalon
APRIL 25, 2017
Getting your product pricing right is absolutely critical to customer cross-channel experience, but the promise of unified price, promotion and markdown optimization is hard to achieve. The post Guide for Unified Price, Promotion and Markdown Optimization Applications appeared first on Retalon. In this report: Market Definition.
Wiser
MAY 20, 2020
It’s a complex decision that involves customer behavior, marketing, supply chain and inventory management, and other functional areas. High-Low Pricing is a strategy where a brand starts with a high price and later decreases it via promotions, clearance, or markdowns. What is Everyday Low Pricing? Here are a few signs.
Retalon
FEBRUARY 13, 2018
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.
Retalon
MARCH 4, 2019
Inventory Management. Traditional inventory management is fragmented silo work that doesn’t take other processes into account. Things are done retroactively or not at all, and any changes made tend to be at a category level, not a SKU level, leading to lost sales and unnecessary markdowns.
Retail Next
MARCH 3, 2020
Furthermore, the ever-growing frequency of markdowns also causes overstocking, further exacerbating the problem. The most common solution for this problem is better inventory management which, nowadays, involves better digital documentation, IoT devices and even machine learning solutions. Offsetting.
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