Retail Focus

AUGUST 8, 2023

Order Fulfillment When outsourcing, retailers can benefit from streamlined inventory management, order processing, and shipping. Accounting and Bookkeeping Maintaining accurate financial records is crucial for the long-term success of any retail business.

Loss Prevention 130

Loss Prevention Inventory Management Inventory Turnover Shrinkage 130

RETAIL MANAGEMENT SOFTWARE

MARCH 11, 2022

Account for items you can’t sell – If you cannot sell an item due to damage, make sure it is classified as non-sellable. Offering discounts and promotions are effective methods for moving stagnant inventory through the purchase cycle. These items need to be replaced and either returned to the vendor or donated.

Inventory Management 92

Inventory Management Management Inventory Turnover Drop-Shipping 92

Retalon

FEBRUARY 15, 2022

Price elasticity of demand, meaning the effect that a set price will have on demand, is an important consideration when setting prices, running promotions, or markdowns. When Inventory is proactively allocated among locations to meet demand, customers are not repeatedly met with empty shelves pushing them to other retailers.

Markdowns 41

Markdowns Inventory Turnover Fulfillment Accounting 41