Retalon

SEPTEMBER 22, 2021

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?

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41

Retalon

JANUARY 5, 2021

Most of today’s inventory management issues start at the level of forecasting. For example, legacy forecasting methods fail to account for the fact that new products in an assortment will inevitably impact sales of older products.

Location 41

Location Inventory Management Markdowns Fulfillment 41

Retalon

MARCH 4, 2019

Retail is changing faster than ever, and keeping up fulfilment needs, competitive pricing, and trendy assortment is costly. Inventory Management. Traditional inventory management is fragmented silo work that doesn’t take other processes into account. Modern retailing requires a different approach.

Inventory Management 32

Inventory Management Markdowns Planning Fulfillment 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. Consider the way retailers traditionally forecast fulfillment.

Merchant Services 39

Merchant Services Fulfillment Accounting Markdowns 39

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? From a Customer side, nobody likes being bombarded by ads & products they don’t want or need.

Customer Experience 32

Customer Experience Fulfillment Markdowns Consumer 32

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 ? From a Customer side, nobody likes being bombarded by ads & products they don’t want or need.

Fulfillment 32

Fulfillment Customer Experience Markdowns Consumer 32

Retalon

SEPTEMBER 1, 2020

Without a solid demand forecast, you risk misallocating inventory and missing your revenue targets while watching turns collapse. Fixing the problem through stock rebalancing or price markdowns will be expensive. Retailers need to also account for new products impacting the sales of other SKUs through product demand cannibalization.

Promotions 41

Promotions Markdowns Inventory Management Accounting 41

Retalon

AUGUST 2, 2019

Inventory levels (store, warehouse, distribution centers). Prices (markdowns, promotions, competitor prices, etc.). Consider the way retailers traditionally forecast fulfillment. Add in a final fly-by-your-gut manual tweak and the fulfillment forecast would be ready. POS data (sales, returns, etc.). Demand forecasts.

Merchant Services 32

Merchant Services Fulfillment Accounting Markdowns 32

Retalon

DECEMBER 22, 2014

Retalon is known for Smart Fulfillment. Smart Fulfillment is a small, but important part of it, and I will address it in the next question. Regarding omni-channel fulfillment, how does predictive analytics help retailers take action on the data and deliver better results? Originally posted on Retail IT Insights.

Dead-Stock 32

Dead-Stock Promotions Fulfillment Markdowns 32

Retalon

DECEMBER 22, 2014

Retalon is known for Smart Fulfillment. Smart Fulfillment is a small, but important part of it, and I will address it in the next question. Regarding omni-channel fulfillment, how does predictive analytics help retailers take action on the data and deliver better results? Originally posted on Retail IT Insights.

Dead-Stock 32

Dead-Stock Promotions Fulfillment Markdowns 32

Retalon

JULY 4, 2018

These tools are not able to account for new products, categories, and markets, or used & exchanged items, let alone suggest accurate and tangible actions going forward. Ultimately many retailers will often compete on the fulfillment strategy. If there is one constant in retail is that nothing ever stays the same.

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

OCTOBER 18, 2013

Other directions that I should mention here is retailers are trying to establish relations between inventory levels and other drivers such as prices and promotions. So how can we account for all these factors? When you change the promotion, the system should know about your inventory level. Bob Johns: Interesting.

Markdowns 32

Markdowns Promotions Planning Accounting 32