Remove Accounting Remove Loss Prevention Remove Management Remove Markdowns
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How smart new technologies are improving sales and reducing costs for retailers

Inside Retail

These technologies are helping retailers achieve efficiencies in operational functions including staff deployment and management, customer service, shrinkage reduction and lifecycle pricing. And that’s where your Workforce Management systems come into play,” says Bretherton. They also need clarity around what they need to do.

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5 Major Retail Digital Transformations to Watch For in 2021

Retalon

However, traditional spreadsheet analytics cannot account for store-by-store variations in the promotion’s effectiveness or secondary effects such as demand cannibalization. In effect, this means a reduction of total inventories, maximized sales, and reduced markdowns. Online sales now account for more than 20% of total retail sales.

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An Overview of how the BOPIS Retail Strategy is Transforming the Industry (2021)

Retalon

Better inventory management and visibility. Retailers need better inventory management practices to conduct BOPIS operations but at the same time, BOPIS makes your inventory management better. Tighter inventory management gives you better visibility into key inventory performance metrics. Secure order pickup.