Retail Minded

JANUARY 1, 2024

This strategy is critically important to streamline stock management and avoid carrying excess inventory into the next year – a problem that plagues the majority of supply chain managers. From account type to competitor products to sales activity, these recommendations encompass all the relevant factors.

Supply Chain Management 52

Supply Chain Management Inventory Management Consumer Management 52

Retail Minded

MARCH 2, 2022

Walmart is one giant retailer that uses hundreds of bots to automate operations, including answering workers’ inquiries, retrieving information from audit papers, monitoring inventory flow, and identifying slow-moving goods and deadstock. Walmart’s back-office manages millions of accounts receivable and millions of employee payrolls.

Payment Services 52

Payment Services Inventory Management Promotions Accounting 52

365 Retail

NOVEMBER 13, 2023

Yet potentially it can be a very rewarding period for sales if forecast and managed correctly. We’ll look at what seasonal demand means and its impact on retail businesses, coupled with actionable insights on dealing with related obstacles while taking action to optimise profitability. Let’s look at some examples of seasonal products.

Inventory Management 52

Inventory Management Management Planning Drop-Shipping 52

Retail TouchPoints

OCTOBER 28, 2022

Every business has a number of core processes, units and departments that each function as vital cogs in the machinery, including manufacturing, order management, purchasing inventory, accounting, human resources, financial management and so much more. What Should you Look for in your Retail ERP System?

Supply Chain Management 262

Supply Chain Management Inventory Management Management Accounting 262

RETAIL MANAGEMENT SOFTWARE

OCTOBER 22, 2020

That’s why tracking and managing sales performance is so important in cross-channel retail store management software. Integrate your accounting with your POS – This means integrating your accounting department with all points of sale. Your accounting department needs to be fully integrated with all points of sale.

Payment Services 61

Payment Services Drop-Shipping Shipping Point of Sale 61

Inside Retail

MARCH 13, 2023

That’s why we’re moving beyond just-in-time versus just-in-case to a different model for supply chain management. The goal is to create the most efficient supply chain possible for inventory management. Neither is a good place to be this year. This was revolutionary.

Supply Chain Management 147

Supply Chain Management Fulfillment Inventory Management Advertising 147

Retalon

JULY 30, 2019

BOPIS allows shoppers to purchase their item online and then pick it up in person at a brick-and-mortar location. The report quotes Robert Hetu, VP Analyst at Gartner, who says: “Costly levers such as same-day delivery, free shipping, and free returns are annihilating any gains in revenue, leaving retailers in the red.”.

Fulfillment 32

Fulfillment Drop-Shipping Shipping Supply Chain Management 32

I Vend

AUGUST 13, 2023

They put customer requirements at the heart of store operations – whether that’s merchandise, functionality online store functionality, omnichannel retail transactions, returns policy, payment options, in-store service, or tailored loyalty programs. So the first common feature we see in successful retailers is their customer-centricity.

Payment Services 98

Payment Services Point of Sale Inventory Management Supply Chain Management 98

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. For all of these reasons, supply management is one of the current priorities of many retailers, the health crisis having served as an accelerator.

Point of Sale 52

Point of Sale Management Markdowns Accounting 52

365 Retail

MAY 5, 2023

Predictive analytics, another AI-driven tool, has been instrumental in helping retailers optimize their inventory management and pricing strategies. Retailers are also using facial recognition for queue management. Advanced Supply Chain Management: AI will be critical in streamlining supply chain processes.

Store Layout 80

Store Layout Promotions Inventory Management Advertising 80