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7 Tips for Wholesale Inventory Management

Independent Retailer

This is why inventory management is key, especially as retailers look to deal with unsold merchandise after the holidays. “Seemingly overnight, shortages are flipping to inventory surpluses in certain categories. . Offer Promotions & Product Markdowns. Donate Excess Inventory. Liquidate Excess Inventory.

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Top 5 markdown actions to take to dominate at mid-season sale

Inside Retail

Your markdown SKUs are live, but how are they tracking? Now is the time to check how your markdown performance is tracking against your retail markdown strategy keeping inventory management top of mind. Full price vs markdown mix. Review performance of current markdown clearance stock. Markdown cover.

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Mi9 Retail and Planalytics Partner to Improve Demand Forecasting Accuracy and Increase Profitability for Retailers by Incorporating Weather Analytics

M19 Retail

MIAMI, FLORIDA, March 22, 2021 – Mi9 Retail, the number one vendor for tier one retailers (RIS 2021 Software LeaderBoard) that enables them to automate and optimize merchandise management and retail planning is pleased to announce a strategic partnership with Planalytics, the leading provider of weather-informed demand analytics and insights.

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How to Create a Seamless Relationship Between Marketing and Merchandising

Wiser

On the other hand, merchandising handles the product strategy such as category and brand-level planning, managing in-season pricing and promotional activities, and cross-channel inventory management. Optimizing timing and type of markdowns or promotions is important to get inventory moving without killing profits.

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4 Critical Steps for Optimizing Omnichannel Order Fulfillment in 2021

Retalon

At its most basic, it only requires integrating live inventory counts from your ERP / inventory management software with your e-commerce platform, ensuring customers can get accurate information about which store has the items they’re looking for (or give them the option to ship to store). Vancouver). Restocking fees.

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12 Critical Retail Industry Performance Metrics (2020)

Retalon

The inventory sitting in stores and warehouses is the single biggest investment that a retailer makes. Throughout the history of retail, success and failure has come down to how well a company manages — and profits from — its inventory investment. How to Improve Inventory Turnover Ratio. In-Stock Percentage.