Remove 2019 Remove Fulfillment Remove Inventory Management Remove Markdowns
article thumbnail

Preparing for the Rise in Online Retail Returns

Retail TouchPoints

Optimizing inventory based on trends and historical data means the customer will get the exact item they are looking for. Returns are increasing labor costs due to inspection and restocking time and often cause markdowns, out-of-stock and logistics expenses to increase. Retailers can also create a return policy that avoids waste.

Returns 284
article thumbnail

7 Indicators You’re Managing Bad Inventory (and How to Fix It)

Retalon

Bad inventory is an expensive problem. Trillion annually as a result of bad inventory. Managing inventory becomes exponentially more complicated as a retailer grows; and often becomes an overwhelming challenge. Indicators you’re managing bad inventory. Drastic Markdowns. Siloed inventory management.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Causes of Retail Overstock and Best Ways to Avoid Them.

Retalon

Not only do overstock situations force retailers to markdown inventory at the end of a season at slim-to-no profit margins, but it also takes up physical space in stores warehouses, accruing carrying costs, and ties up extra cash that could be used towards advancing business goals. 3. Logistics and fulfillment challenges.

article thumbnail

How retailers are optimizing and automating their business

Retalon

Retail is changing faster than ever, and keeping up fulfilment needs, competitive pricing, and trendy assortment is costly. Inventory Management. Traditional inventory management is fragmented silo work that doesn’t take other processes into account. Modern retailing requires a different approach.

article thumbnail

Personalization vs. Consistency in the Retail Customer Experience

Retalon

How can you juggle concerns like forecasting, inventory management, distribution, fulfillment, and more against the growing demand for personalization, all while continuing to create the consistent experience customers expect? From a Customer side, nobody likes being bombarded by ads & products they don’t want or need.

article thumbnail

Retail AI & Predictive Analytics Blur the Line between Bricks and Clicks

Retalon

What do consumer purchasing habits look like, and how streamlined is your fulfillment process? For starters, you need omni-channel visibility that ensures customers have access to the same inventory across platforms. – Inventory management. – Price management & optimization. – Inventory needs.

article thumbnail

Key Tips for Leveraging Personalization in the Retail Industry

Retalon

So, how can you juggle concerns like forecasting, inventory management, distribution, fulfillment, and more against the growing demand for personalization, all while continuing to create the consistent experience customers expect ? From a Customer side, nobody likes being bombarded by ads & products they don’t want or need.