Wiser

APRIL 9, 2024

Observation of Issue The journey begins when a sales leader, while reviewing monthly account performance reports, notices a trend in increasing out-of-stocks noted by the field sales team upon their arrival to a store.

Accounting 78

Accounting Inventory Management Point of Sale Management 78

Retail Focus

MARCH 6, 2024

Blockchain’s decentralised ledger records every supply chain transaction, making it possible for brands and consumers to track luxury goods from production to sale, thus ensuring authenticity and integrity. The adoption of blockchain has a significant impact on both consumers and retailers.

Inventory Management 147

Inventory Management Fashion Customer Experience Consumer 147

Retail Minded

JULY 29, 2023

According to McKinsey & Company , 75% of consumers are exploring new shopping behaviors, indicating a significant change in their preferences and priorities. Understanding Changing Consumer Behavior The retail industry is undoubtedly no longer what it used to be; customer shopping habits and preferences are quickly changing.

Payment Services 52

Payment Services Consumer Inventory Management Promotions 52

Retail Minded

JULY 29, 2023

According to McKinsey & Company , 75% of consumers are exploring new shopping behaviors, indicating a significant change in their preferences and priorities. Understanding Changing Consumer Behavior The retail industry is undoubtedly no longer what it used to be; customer shopping habits and preferences are quickly changing.

Payment Services 52

Payment Services Consumer Inventory Management Promotions 52

Retail Focus

SEPTEMBER 21, 2023

Inventory Management Issues Inventory management can pose a significant challenge for bars and restaurants. Misjudging the quantities of perishables to stock could lead to an abundance of waste if the goods are not consumed before going bad or missed sales opportunities if you run out.

Inventory Management 130

Inventory Management Management Accounting Point of Sale 130

RETAIL MANAGEMENT SOFTWARE

DECEMBER 24, 2021

The Retail market landscape has seen significant changes in retail trends and shifts in consumer behavior since the coronavirus breakout, but the industry now appears more optimistic about the growth prospects. The same applies to B2B marketing when you rely on ABM (Account-Based Marketing) to target corporate accounts, decision-makers, etc.

Retail Trends 94

Retail Trends Consumer Payment Services Fulfillment 94

Wiser

JULY 31, 2023

It’s a strategic roadmap for retailers, guiding them on how to arrange products in a way that boosts consumer engagement and ultimately leads to increased sales. This mutual understanding can lead to more opportunities for product promotion and placement within the store. However, technology alone is not enough.

Store Layout 145

Store Layout Promotions Customer Experience Inventory Management 145

Wiser

FEBRUARY 21, 2024

Panelists emphasized the significance of seamless integration of digital tools in response to COVID-19, which enabled continued engagement with consumers and efficient operational management. The importance of agility in sales strategies was highlighted, as brands recalibrate their approaches to meet consumers where they are.

Inventory Management 78

Inventory Management Retail Trends Consumer Promotions 78

Retail Smart Guys

NOVEMBER 3, 2023

Lead Times: Account for Supplier Schedules Timing isn’t just about when you should order; it’s also about when your suppliers can deliver. Market Trends: Stay Ahead of the Curve Market trends and consumer behavior can change rapidly. These could be holiday sales, back-to-school events, or Black Friday promotions.

Planning 52

Planning Inventory Management Promotions Shipping 52

Retail TouchPoints

SEPTEMBER 23, 2022

Do they provide a personal account manager for your business? Consumers appreciate how swiftly Amazon delivers things , but it can be challenging to meet such high standards as a business. Since the company owns the warehouse, it can customize the size, location, order and inventory management.

Fulfillment 298

Fulfillment Shipping Inventory Management Management 298

Retail Minded

MARCH 2, 2022

Manual order and invoice processing are laborious and time-consuming for most retailers. . 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.

Payment Services 52

Payment Services Inventory Management Promotions Accounting 52

Retail Focus

JANUARY 12, 2023

Many of those processes can be time-consuming or repetitive, which makes them highly suited to automation. Sales automation can also offer promotions and upsells tailored explicitly towards each customer and presented opportunistically. Inventory Management.

Payment Services 130

Payment Services Inventory Management Returns Checkout 130

Inside Retail

OCTOBER 21, 2021

Retailers are enduring dynamic and challenging times as supply-chain disruption continues and consumer behaviour changes, both brought on by living in the Covid era. Consumers increasingly want a seamless and consistent shopping experience across a growing number of offline and online touchpoints. “The

Returns 130

Returns Merchant Services Shipping Payment Services 130

Retail TouchPoints

JANUARY 25, 2022

This is a direct and relatively simple means to take consumers to experiential landing pages where retailers and brands can share information about products, including new launches, recipes, instructions, promotions and more. 4) Think Big: Improve supply chain and inventory management.

Management 250

Management Marketing Customer Experience Inventory Management 250

Hyken

AUGUST 31, 2023

This week, we feature an article by Sage , an international company that helps organizations of all sizes with accounting, payroll, and payment solutions. Enterprise resource management (ERP) systems centralize, automate, and manage core business data and processes, from inventory management to real-time sales information.

Payment Services 106

Payment Services Customer Experience Inventory Management Accounting 106

Wiser

NOVEMBER 10, 2020

Being in a position to release new products is great, but as your assortment grows, so too does the complexity of your inventory management processes. Consumer tastes are always changing, and brands have met those demands by offering variations on existing products to cater to specific tastes.

Merchant Services 99

Merchant Services Inventory Management Promotions Marketing 99

Retail Minded

JANUARY 1, 2024

Even if we weed out retail theft, there are still many other reasons for profit losses, from inflation to escalating costs to retailers’ inability to accurately predict consumers’ demands and manage inventory. Regardless, the bottom line is retailers have been increasingly losing revenue across the board.

Supply Chain Management 52

Supply Chain Management Inventory Management Consumer Management 52

365 Retail

NOVEMBER 14, 2022

In fact, in 2021, the UK alone accounted for over ten per cent of global Black Friday searches online. Using a sound PPC and SEO strategy to support enticing promotions is a surefire tactic to create a buzz around your brand early on. Inventory management is key. What upsells and bundles you’re going to offer.

Merchant Services 57

Merchant Services Payment Services Inventory Management Fulfillment 57

I Vend

AUGUST 17, 2022

Supermarket shopping is, for the vast majority of consumers, an essential. From frictionless checkout to seamless ERP integrations, to built-in promotions, loyalty, and inventory management – a sophisticated Grocery POS offers everything a modern-day retailer needs to deliver convenience to their customers.

Payment Services 52

Payment Services Inventory Management Checkout Supermarket 52

I Love Fashion

JANUARY 4, 2021

Enabling consumers across the globe to shop their preferred commodities by leveraging flawless online transactions. Well, as per the GP Bullhound Consumer Internet index, Amazon, with a market capitalization of 1,597.2 billion US dollars, was ranked as the largest online consumer service company across the globe. The result?

Fashion 111

Fashion Inventory Management Marketing Shipping 111

365 Retail

NOVEMBER 13, 2023

Seasonal demand is the changes in consumer appetite that naturally occur at different times of the year, such as around Christmas or Black Friday. These fluctuations have their roots entwined with consumer preferences and behaviours stemming from cultural, economic, or climatic aspects. What Is Seasonal Demand?

Inventory Management 52

Inventory Management Management Planning Drop-Shipping 52

Retalon

FEBRUARY 25, 2022

Modern consumer expectations of inventory availability and fast order fulfillment mean that it is even more important for retailers to have a good stock replenishment process in place. Replenishing stock is a key facet of inventory management which helps to balance inventory levels during a selling period.

Inventory Management 47

Inventory Management Fulfillment Markdowns Location 47

365 Retail

DECEMBER 12, 2023

In a highly competitive global retail landscape, autonomous stores are an emerging force that addresses changing consumer behaviours, reduces operational costs, improves profitability, and powers revenue growth strategies. The new business models supported by autonomous capabilities provide a compelling value proposition for consumers.

Payment Services 57

Payment Services Checkout Store Layout Inventory Management 57

Retail Times

MARCH 30, 2021

The first step to avoiding discrepancies is to implement an electronic (ideally cloud-based) inventory system. Keeping track of products using a pen and paper isn’t just time-consuming, it can also lead to mistakes. Not ready for a full retail management solution? Consider creating an inventory management system in Excel.

Merchant Services 98

Merchant Services Inventory Management Management Shrinkage 98

M19 Retail

JULY 28, 2020

Planning and inventory management systems must operate in near real-time, providing an integrated Merchandise Financial Planning that seamlessly integrates with Assortment Planning, Allocations, Demand Forecasting, Replenishment and Price and Promotion Management, connecting the dots between planning and execution of the business.

Planning 98

Planning Inventory Management Management Accounting 98

V Count

JANUARY 24, 2024

The pandemic altered consumer behavior worldwide, and retailers suffered significant losses during this time. We will also discuss how you can use AI-powered technology and digital solutions to become a better store manager. Finally, by understanding customer behaviors, store managers can optimize the store layout.

Management 59

Management Store Layout Inventory Management Target Market 59

Retalon

JANUARY 7, 2021

Account for more variables in your seasonal merchandise planning. Some of these factors include: Pricing Consumer preferences Competitors Events Promotions Vendors Logistics etc. So if retailers can’t account for this complexity manually, how can they find these hidden opportunities? But this is easier said than done.

Markdowns 41

Markdowns Promotions Accounting Planning 41

I Vend

MAY 18, 2021

The popularity of thrift stores is the result of several consumer trends converging: the need for affordability; the desire to engage with purpose-led businesses; a move away from mass production and the appeal of the unique; and a strong environmental awareness and desire to be more sustainable.

Thrift Store 52

Thrift Store Payment Services Customer Experience Inventory Management 52

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

JULY 23, 2018

57% want to be able to check inventory levels online. 72% would shop more if they had personalised product suggestions and promotions. Yan Krupnik is the Business Development Manager at Retalon, the world’s leading provider of Predictive Analytics for retailers.

Consumer 32

Consumer Payment Services Fulfillment Inventory Management 32

Retalon

JANUARY 5, 2021

Optimizing your inventory balancing process is key to increasing ROI. Even the best-executed assortment strategy can lead to imbalanced inventory levels halfway through the season. Why is unbalanced inventory such a big problem for retailers? Most of today’s inventory management issues start at the level of forecasting.

Location 41

Location Inventory Management Markdowns Fulfillment 41

Retalon

APRIL 27, 2021

Although e-commerce gets all of the attention, the past two decades of technological change have transformed every aspect of the retail business — from planning, inventory, pricing, and promotions — all the way down to customer service and the in-store experience. to optimize inventory for gross margins.

Fulfillment 41

Fulfillment Markdowns Promotions Returns 41

Retalon

OCTOBER 8, 2020

More expensive than real estate, merchandising, or even labor — inventory is the largest investment your company makes. But getting the biggest return on that investment, especially in today’s tough retail environment, requires a more nuanced, data-driven approach to inventory management than most retailers are used to.

Markdowns 41

Markdowns Inventory Management Promotions Planning 41

Independent Retailer

JUNE 24, 2021

The driving force behind this change are consumers’ shopping habits and their perception of the environment, so much so that even their purchasing decisions are becoming increasingly influenced by a retail brand’s environmental footprint. It should not come as a surprise that more consumers are shopping online.

Fulfillment 52

Fulfillment Shipping Returns Technical Support 52

Retalon

SEPTEMBER 22, 2021

With increasing popularity among consumers, BOPIS ‘success last year just accelerated what was already happening. BOPIS allows consumers to collect more information so they can make better decisions. In the comfort of their home, a person can take their time to comparison-shop local stores’ assortments and inventory.

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41

Wiser

MAY 8, 2024

Navigating the complex terrain of eCommerce inventory management, brands often grapple with one persistent challenge: out-of-stocks (OOS). The consequences of product unavailability range from immediate loss of sales to long-term damage to customer loyalty, as consumers may permanently switch to competitor products.

Inventory Management 78

Inventory Management Management Consumer Accounting 78

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. How will a promotion during a seasonal peak affect the uplift in demand?

Merchant Services 39

Merchant Services Fulfillment Accounting Markdowns 39