Retalon

MARCH 2, 2021

Destination resorts that run gift shops must account for occupation rates in their hotels as well as weather. . That’s why fashion retail planning and analytics software needs to be unique and specific to fashion, with the ability to break down business considerations even further than that. How do you handle returns?

Fashion 41

Fashion Markdowns Promotions Accounting 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. Online sales now account for more than 20% of total retail sales.

Fulfillment 41

Fulfillment Markdowns Promotions Returns 41

Retalon

APRIL 21, 2021

Maintaining margins within business constraints while efficiently providing order fulfillment to customers is a tall order, especially considering each customer purchase requires a real-time fulfillment decision within a shifting context of inventory, demand, returns, delivery times, and shipping costs. Will you deny returns at a store level?

Fulfillment 41

Fulfillment Drop-Shipping Shipping Returns 41

Retalon

APRIL 14, 2021

Creating a product assortment strategy is necessary for retailers to have a holistic, long-view plan of their business. And it needs to fit into your retail planning process to ensure you’re still hitting your financial and inventory targets. Account for changing consumer behaviour and preferences.

Markdowns 41

Markdowns Planning Location Accounting 41

RETAIL MANAGEMENT SOFTWARE

MARCH 11, 2022

Plan before buying your inventory- Use your data to determine what you should order. It is beneficial to exhaust your resources first, so you don’t end up with the excess products in one store that you eventually have to markdown. 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

NOVEMBER 11, 2021

In fact, recent research from McKinsey & Co found that there are a few key areas of IT investment that has allowed some retailers to outperform their competitors by a whopping 68% in returns. Advanced analytics technology can create accurate demand forecasts that lead to better retail planning. Why invest in pricing and promotions?

Fulfillment 41

Fulfillment Markdowns Promotions Shipping 41

Retalon

FEBRUARY 10, 2022

Drastic Markdowns. Last minute markdowns that offload stock at a loss. A large portion of your budget goes toward planning, storing, transporting and managing unsold inventory. Inventory storage, overstock management, ROI lost to markdowns, even lost sales due to stockouts, are all tangible costs of bad inventory.

Inventory Turnover 41

Inventory Turnover Management Inventory Management Dead-Stock 41

Retalon

NOVEMBER 2, 2021

In response, retail and supply chain leaders are investing in analytics and AI-powered retail IT because it enables them to optimize operations — from planning all the way to fulfillment. Add another $428 billion to the tally to cover the cost of returns. Use those shared standards to set expectations and hold people accountable.

Supply Chain Management 41

Supply Chain Management Dead-Stock Markdowns Shipping 41

Retalon

SEPTEMBER 11, 2020

In order to understand how to take full advantage of this new technology, we will first explain what demand forecasting actually is, the most common methods of demand forecasting in retail, key constraints that need to be accounted for, and modern examples of accurate demand forecasting. Demand Forecast vs. Demand Plan.

Payment Services 41

Payment Services Promotions Accounting Fulfillment 41

Retalon

SEPTEMBER 22, 2021

BORIS (Buy Online Return In-Store): Concentrates on reverse logistics. Turning your storefronts into local return centers gives your business advantages over purely online competitors. Customers are able to view the item before purchase, minimizing returns. Payment, return, and exchange policies. How does BOPIS work?

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41

Retalon

AUGUST 2, 2019

POS data (sales, returns, etc.). Prices (markdowns, promotions, competitor prices, etc.). Unifying Big Data across Forecasting, Planning, and Operations. Merchants and inventory managers attended more co-planning meetings. Inventory levels (store, warehouse, distribution centers). Traffic cameras (foot / vehicle traffic).

Merchant Services 32

Merchant Services Fulfillment Accounting Markdowns 32

Retalon

DECEMBER 8, 2021

How complicated is the returns process? This includes everything from purchasing inventory to returns management. An accurate forecast must account for how relevant factors will affect each SKU at the store level. The unfortunate reality of the retail industry is that product returns are inevitable, especially with online sales.

Merchant Services 41

Merchant Services Fulfillment Drop-Shipping Shipping 41

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. A Forrester research team surveyed retailers on what they plan to implement to support fulfillment efforts. Buy in-store, return to another store (46%).

Promotions 32

Promotions Fulfillment Shipping Markdowns 32

Retalon

DECEMBER 22, 2014

The marketing and loyalty department provide consumer/promotion data, the POS system provides sales/returns data. How much extra inventory should be ordered for planned promotions? What is the optimal pricing/markdown strategy to sell off inventory by end of season while a staying away from lost sales, and dead inventory?

Dead-Stock 32

Dead-Stock Promotions Fulfillment Markdowns 32

Retalon

DECEMBER 22, 2014

The marketing and loyalty department provide consumer/promotion data, the POS system provides sales/returns data. How much extra inventory should be ordered for planned promotions? What is the optimal pricing/markdown strategy to sell off inventory by end of season while a staying away from lost sales, and dead inventory?

Dead-Stock 32

Dead-Stock Promotions Fulfillment Markdowns 32