Remove 2021 Remove Fulfillment Remove Inventory Management Remove Markdowns
article thumbnail

4 Critical Steps for Optimizing Omnichannel Order Fulfillment in 2021

Retalon

Omnichannel order fulfillment that drives customer experience (and boosts profits). Although the trend towards omnichannel fulfillment is not new, the pandemic changed many retailers’ business models almost overnight, and these changes are not going away. What is omnichannel order fulfillment in retail?

article thumbnail

Preparing for the Rise in Online Retail Returns

Retail TouchPoints

In 2021, returns cost retailers a whopping $761 billion , or almost 17% of total U.S. Optimizing inventory based on trends and historical data means the customer will get the exact item they are looking for. They must approach inventory management, merchandise accuracy and return policies strategically. retail sales.

Returns 290
Insiders

Sign Up for our Newsletter

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

article thumbnail

An Overview of how the BOPIS Retail Strategy is Transforming the Industry (2021)

Retalon

Instead of only shipping to customers’ homes, retailers let online customers shop from their local and online store’s inventory and pick up their orders from their closest brick-and-mortar location the same day. A retail fulfillment process that is known as BOPIS — Buy Online, Pickup In-Store. What is BOPIS?

article thumbnail

5 Major Retail Digital Transformations to Watch For in 2021

Retalon

to optimize inventory for gross margins. In effect, this means a reduction of total inventories, maximized sales, and reduced markdowns. More importantly, an analytics-driven retailer no longer reacts to sales and inventory reports, but instead proactively optimizes its business. Order fulfillment automation.

article thumbnail

How to Effectively Balance Inventory Across All Locations (2021)

Retalon

Most of today’s inventory management issues start at the level of forecasting. For example, allocation applications use modeling tools to divide incoming inventory among stores, warehouses, and fulfillment centers based on a dynamic demand forecast. Why isn’t the current method working?