Retalon

JULY 28, 2021

The volatile nature of seasonal inventory leaves traditional methods of forecasting ineffective, and in fact, harmful. Without an effective method to predict seasonal demand retailers will always run out of stock and lose sales or be forced to mark down products at the end of the season. What is Seasonal Demand Forecasting?

Markdowns 41

Markdowns Inventory Management Accounting Management 41

Retalon

JULY 28, 2021

The volatile nature of seasonal inventory leaves traditional methods of forecasting ineffective, and in fact, harmful. Without an effective method to predict seasonal demand retailers will always run out of stock and lose sales or be forced to mark down products at the end of the season. What is Seasonal Demand Forecasting?

Markdowns 41

Markdowns Inventory Management Accounting Management 41

Retalon

APRIL 26, 2021

Product clustering (or grouping) is an increasingly common technique that leading retailers use to manage their planning, inventory, pricing, promotions, and markdowns. Most commonly, retailers use geographical clusters to better account for demographics, distribution cost, climate, and other relevant factors to their business.

Markdowns 41

Markdowns Promotions Inventory Management Accounting 41

Retalon

JANUARY 5, 2021

Some stores will be overrun with inventory, while others will struggle to keep up with demand. So it’s no surprise that retailers are beginning to take a serious look at their mid-season inventory balancing practices. Most of today’s inventory management issues start at the level of forecasting.

Location 41

Location Inventory Management Markdowns Fulfillment 41

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 Inventory imbalances happen at a high price to retailers.

Markdowns 32

Markdowns Inventory Management Promotions Accounting 32

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 Inventory imbalances happen at a high price to retailers.

Markdowns 32

Markdowns Inventory Management Promotions Accounting 32

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 Inventory imbalances happen at a high price to retailers.

Markdowns 32

Markdowns Inventory Management Promotions Accounting 32

Retalon

APRIL 27, 2021

It can analyze billions of data points and predict demand at a level of granularity that’s simply impossible to reach using Excel. However, traditional spreadsheet analytics cannot account for store-by-store variations in the promotion’s effectiveness or secondary effects such as demand cannibalization.

Fulfillment 41

Fulfillment Markdowns Promotions Returns 41

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.

Inventory Management 32

Inventory Management Markdowns Planning Fulfillment 32

Retalon

APRIL 21, 2021

At its most basic, order fulfillment is the combination of steps required to get products into the hands of customers. This includes everything from storing inventory, processing orders, picking stock, shipping packages, and delivering orders to the end consumer. Will you deny returns at a store level? Emphasizing BOPIS.

Fulfillment 41

Fulfillment Drop-Shipping Shipping Returns 41

Retalon

SEPTEMBER 1, 2020

Guess wrong and you will run out of inventory, have too much inventory, or have the right inventory in the wrong place. The traditional approaches to estimating demand only hint at how a particular product will perform. Fixing the problem through stock rebalancing or price markdowns will be expensive.

Promotions 41

Promotions Markdowns Inventory Management Accounting 41

Retalon

SEPTEMBER 22, 2021

BOPIS is the most common acronym you’ll see, but you may come across these other variations: BOPAC (Buy Online Pickup At Curb): Focuses on the outside handoff. Customers stay in their vehicles at designated parking spots, and employees bring their purchases out to the car. BOPIS lets customers shop on their own schedule.

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41

Retalon

JANUARY 20, 2014

The positioning is based on an evaluation of Retalon’s offerings that put its customers’ data to work using predictive analysis which enables users at all levels of organizations to work effectively. From inception, Retalon’s analytics have been built on a common analytic platform that takes into account the entire retail business process.

Markdowns 32

Markdowns Inventory Management Accounting Promotions 32

Retalon

NOVEMBER 19, 2018

Are the right products in stock at the right locations/channels to support the shift in demand? Are the current pricing and markdown strategies still the optimal ones based on the new forecast? Predictive Analytics looks at data from across your business and can both answer questions and proactively offer solutions.

Markdowns 32

Markdowns Fashion Inventory Management Accounting 32

Retalon

NOVEMBER 19, 2018

Are the right products in stock at the right locations/channels to support the shift in demand? Are the current pricing and markdown strategies still the optimal ones based on the new forecast? Predictive Analytics looks at data from across your business and can both answer questions and proactively offer solutions.

Markdowns 32

Markdowns Fashion Inventory Management Accounting 32

Retalon

AUGUST 2, 2019

Businesses collect more data than ever before and from every aspect of the supply and demand chain—logistics; vendor compliancy/lead times; POS data; inventory levels; traffic cameras; prices; markdowns; consumer behavior; demand forecasts; and more. At best, they give you a dashboard of conditions right now.

Merchant Services 39

Merchant Services Fulfillment Accounting Markdowns 39

Retalon

AUGUST 2, 2019

Inventory levels (store, warehouse, distribution centers). Prices (markdowns, promotions, competitor prices, etc.). At best, they give you a dashboard of conditions right now. Each functional team looked at data differently, had different priorities, and had different decision-making lead times. Demand forecasts.

Merchant Services 32

Merchant Services Fulfillment Accounting Markdowns 32

Retalon

SEPTEMBER 23, 2020

To explain what makes advanced analytics so special, we need to start at the beginning. Retail data analytics is the process of collecting and studying retail data (sales, inventory, pricing, etc.) for any human to account for all of them manually. What is Retail Data Analytics? Types of Retail Data Analytics.

Accounting 47

Accounting Markdowns Management Inventory Management 47

Retalon

DECEMBER 8, 2021

This article will answer those questions while also looking at the best practices being used today, and how to pick the right order fulfillment model. It used to be that consumers mostly shopped at stores geographically close to them. Let’s take a look at each operation and how they impact the order fulfillment process.

Merchant Services 41

Merchant Services Fulfillment Drop-Shipping Shipping 41

Retalon

AUGUST 16, 2019

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 ? This is the level of exclusivity their customers expect and prefer.

Fulfillment 32

Fulfillment Customer Experience Markdowns Consumer 32

Retalon

AUGUST 16, 2019

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? This is the level of exclusivity their customers expect and prefer.

Customer Experience 32

Customer Experience Fulfillment Markdowns Consumer 32

M19 Retail

MARCH 17, 2021

Mi9 Retail continues to make significant product investments in its flagship Merchandise Management platform to help its loyal customer base adapt to changing trends and strengthen their unified commerce strategies. Mi9 Retail Launches New In-Store Mobile App to Help Retailers Improve Inventory Management. Recent Posts.

Inventory Management 40

Inventory Management Management Markdowns Planning 40

Retalon

DECEMBER 22, 2014

There are several important trends at play: 1. The right product, at the right place, at the right time for the right price. How much extra inventory should be ordered for planned promotions? When is the right time to replenish inventory from the vendor and how much should you order? Super bowl in your city)?

Dead-Stock 32

Dead-Stock Promotions Fulfillment Markdowns 32

Retalon

DECEMBER 22, 2014

There are several important trends at play: 1. The right product, at the right place, at the right time for the right price. How much extra inventory should be ordered for planned promotions? When is the right time to replenish inventory from the vendor and how much should you order? Super bowl in your city)?

Dead-Stock 32

Dead-Stock Promotions Fulfillment Markdowns 32

Retalon

JULY 4, 2018

Based on the amount of retailers that have been forced to shut their doors in the last three years, there is a major shift that is moving through the retail industry at full force. So what’s the real challenge at hand? Here’s more detail on how Retalon’s Inter-store inventory & assortment balancing process works.

Promotions 32

Promotions Fulfillment Shipping Markdowns 32

Retalon

SEPTEMBER 11, 2020

Often resulting in inventory distortion that lead to lost sales and costly markdowns. For instance, many retailers run promotions while lacking integration between promotion and inventory management processes. These retailers are therefore unable to account the demand uplift resulting from the promotion.

Fashion 41

Fashion Markdowns Promotions Accounting 41

Retalon

JUNE 18, 2019

The math needed to account for these effects is hard enough. At other times, however, the link to sales will be more tenuous as your promotions support the business’ longer-term goals. Keep in mind that promotions are not the same part of a product’s pricing lifecycle as Markdowns. price reduction.

Promotions 32

Promotions Markdowns Inventory Management Payment Services 32

M19 Retail

APRIL 14, 2021

The multiplication of choices induced by this model translates into a drop in productivity of the physical store space and an increase in markdowns at the end of the season to sell unsold products. Mi9 Retail Launches New In-Store Mobile App to Help Retailers Improve Inventory Management.

Point of Sale 52

Point of Sale Management Markdowns Accounting 52

Retalon

JUNE 18, 2019

The math needed to account for these effects is hard enough. At other times, however, the link to sales will be more tenuous as your promotions support the business’ longer-term goals. Keep in mind that promotions are not the same part of a product’s pricing lifecycle as Markdowns. price reduction.

Promotions 32

Promotions Markdowns Payment Services Inventory Management 32

Retail Prophet

JULY 18, 2022

Indeed, the entire global shipping industry had seemingly run aground – if only metaphorically – as dock workers at many of the world’s largest ports reeled with the effects of the virus. Fully half of the factories in Britain at the time were for cotton production. Less than 200 years earlier, a similar breakdown played out.

Dead-Stock 59

Dead-Stock Shipping Merchant Services Markdowns 59

Retalon

OCTOBER 18, 2013

It’s been almost a joke what has happened in retail business for years where retailers will declare a promotion or announce a markdown, 20 percent off, and the stores will not have any additional inventory to support it. Another company in fashion that specifically plans to have terminal stock at the end of the season.

Markdowns 32

Markdowns Promotions Planning Accounting 32