Retalon

AUGUST 22, 2023

One of the key inventory metrics retailers track is inventory turnover. Inventory turnover measures how many times a company sells and replaces its inventory during a period. It indicates how efficiently inventory is managed and whether excess inventory is tying up too much capital.

Inventory Turnover 41

Inventory Turnover Specialty Retailers Apparel Inventory Management 41

Inside Retail

FEBRUARY 26, 2024

There are several economic factors playing havoc with consumers and business operations that are likely to persist into 2024. Consumer sentiment remains low as households stagger under higher costs of living and interest rates. Set benchmarks for inventory management, including the rate of inventory turnover and tracking and fill rate.

Inventory Turnover 147

Inventory Turnover Supply Chain Management Customer Retention Inventory Management 147

Retail TouchPoints

FEBRUARY 28, 2024

Analysis-ready models eliminate the need for manual data engineering, science and analysis, all of which can be time-consuming and prone to error. Different departments can collaborate more easily and work toward a common understanding of the data, promoting better decision-making. Rachel Workman is VP of Data at SoundCommerce.

Inventory Turnover 229

Inventory Turnover Supply Chain Management Store Layout Marketing 229

Retail Gazette

FEBRUARY 22, 2024

According to recent studies, over 70% of consumers expect personalised experiences when interacting with retailers online. AI algorithms can accurately predict demand and adjust inventory levels in real time by analysing historical sales data, market trends, and external factors such as weather patterns and economic indicators.

Inventory Management 122

Inventory Management Checkout Inventory Turnover Promotions 122

Retail TouchPoints

NOVEMBER 17, 2023

The letdown customers experience when their orders don’t arrive on time, or at all, results in uncertainty and distrust that’s difficult — if not impossible — to remedy. Market conditions are dynamic, and consumer preferences change — retailers and manufacturers need to adapt to these factors quickly.

Customer Experience 253

Customer Experience Inventory Management Fulfillment Inventory Turnover 253

Retail TouchPoints

JUNE 6, 2022

The profit margin at grocery has always been razor-thin, and now, with online grocery growing in popularity, retailers must add the costs of picking individual orders and doorstep delivery to their already tight balance sheets. Especially after COVID people are quite used to staying at home and shopping for groceries online,” said Chen.

Grocer 288

Grocer Inventory Turnover Fulfillment Shopping 288

RETAIL MANAGEMENT SOFTWARE

MARCH 11, 2022

Tracking your inventory will provide you with the data necessary for these insights. Use and analyze the past seasonal orders to determine how to price products- By using the data, look at previous seasons to guide your pricing decisions. Plan before buying your inventory- Use your data to determine what you should order.

Inventory Management 92

Inventory Management Management Inventory Turnover Drop-Shipping 92