Remove 2022 Remove Management Remove Markdowns Remove Shipping
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Jump Start 2022 Holiday Preparations

Independent Retailer

More than two years after the global pandemic sparked supply chain chaos, shoppers are anticipating shipping delays and inventory challenges to hinder their annual retail indulgence. A Helium 10 report also found that the shopping excitement will be high for Halloween 2022, as well as Black Friday and Cyber Monday.

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From Barcodes to Bytes: Retailers Prepare for Next-Generation UPC

Retail TouchPoints

Get ready, get excited, retailers and customers alike, the 2D barcode, a compact square label with splotches and spaces that encode up to 350X more data than a traditional UPC (4,000 characters) will have a significant impact on managing the business and delivering better customer experiences. Doesn’t that sound amazing?!

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How Retailers Can Minimize Returns: Focus on Convenience, Communication and Personalization

Retail TouchPoints

Managing them correctly is just as important as any other part of the customer journey. These include not just costly shipping and processing fees but also the extra promotions or liquidations needed to move excess inventory. When it’s out of season, they have to do markdowns, so it starts a vicious cycle.

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Stock Replenishment in 2022 (Definition, Process, Best Practices)

Retalon

Whether losing sales to out-of-stocks, or facing overstocking costs and markdowns, inefficient stock replenishment has a huge impact on a retailer’s GMROI. Replenishing stock is a key facet of inventory management which helps to balance inventory levels during a selling period. What is replenishment? What is replenishment stock?

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IT Spending in Retail Industry on the Rise in 2022 (and Beyond)

Retalon

POS / customer engagement software Ecommerce platforms Data analytics and business intelligence software Order management software. Retail IT services: Tech support Field support Device management Software management Disaster recovery Software integration Custom development. Global retail spending on technology will reach $218.5

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Top 3 Challenges in Demand Forecasting, and How Analytics Solves Them (2022)

Retalon

Price elasticity of demand, meaning the effect that a set price will have on demand, is an important consideration when setting prices, running promotions, or markdowns. Order fulfillment becomes more efficient; meeting consumer expectations by enabling lower shipping costs, faster fulfillment, and a greater variety of fulfillment options.

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The Order Fulfillment Process in 2022 and Beyond

Retalon

How, when, and where the customer prefers to experience their product fulfillment affects the sourcing and shipping decisions. This includes everything from purchasing inventory to returns management. Purchase order management is often the first stumbling block to a smooth fulfillment process. Customer preference (fulfillment).