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7 Expert Tips Guaranteed to Reduce Inventory Costs (2020)

Retalon

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.

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Podcast: Leveraging Analytics For Omni-Channel Success

Retalon

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.