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. In manufacturing, product substitution can be a valuable tool for optimizing inventory management.

Customer Experience 235

Customer Experience Inventory Management Fulfillment Inventory Turnover 235

Retail TouchPoints

SEPTEMBER 23, 2022

In internal fulfillment, the business handles the complete process of storing, packing and shipping. The company must have a warehouse to keep its inventory, and a logistics team to manage the goods for storing, ordering and shipping directly to stores/distributors or customers. Each option has its benefits and disadvantages.

Fulfillment 295

Fulfillment Shipping Inventory Management Management 295

Inside Retail

FEBRUARY 8, 2024

per cent at the end of FY23. Like many retailers, we have had to contend with inflationary pressures and greater promotional cadence, which has had an impact on profits,” said King. Our focus remains on seeking to drive further and sustainable cost efficiencies and inventory management,” he added.

Department Stores 263

Department Stores Inventory Management Planning Returns 263

Retail Focus

JUNE 22, 2023

Optimize Your Inventory Management System Optimizing your inventory management system is the foundation for faster delivery. By integrating real-time tracking with inventory management and order processing, you can optimize internal operations while enhancing customer trust and satisfaction levels.

Inventory Management 130

Inventory Management Shipping Fulfillment Management 130

Retail TouchPoints

JULY 14, 2023

Details matter, from the initial landing page to order fulfillment through to delivery and aftercare. This not only provides a better user experience but also allows businesses to offer tailored recommendations at scale, improving their overall conversion rates as well as the experience for the customer.

Fulfillment 198

Fulfillment Dead-Stock Customer Experience Inventory Management 198

Retail TouchPoints

JULY 26, 2021

There are plenty of good reasons to sell direct, from higher margins to insulation from future pandemics, but succeeding at DTC requires a different set of skills than the B2B environment you’re used to. A tech stack is the ecosystem of hardware and software platforms needed to manage the DTC order fulfillment process from end to end.

Wholesale 272

Wholesale Payment Services Fulfillment Returns 272

Retail TouchPoints

SEPTEMBER 19, 2023

With Salesforce’s 2023 holiday predictions forecasting that BOPIS (buying items online for in-store or curbside pickup) will influence $28 billion in incremental sales during the holiday season, retailers seeking to capitalize on this revenue opportunity need to ensure their store operations and inventory management practices are up to par.

Store Operations 248

Store Operations Shipping Fulfillment Store Layout 248

365 Retail

JUNE 5, 2024

Optimizing Inventory Management Proper inventory control is crucial for any retail business. Enter smart inventory management systems. Advanced inventory management software integrates with point-of-sale systems, monitoring every sale and tracking stock levels. Read on for more insight!

Payment Services 52

Payment Services Inventory Management Checkout Inventory Turnover 52

I Vend

OCTOBER 10, 2023

Having the ability to predict the future, to know how shoppers are going to behave would make retailers as excited as a child finding a full Santa sack at the end of their bed on Christmas morning. Retailers have to grow their share of a finite wallet, making promotions and customer experience an essential part of the retail mix.

Checkout 105

Checkout Inventory Management Payment Services Returns 105

Retail TouchPoints

JUNE 26, 2023

Groundbreaking at the time, but now sorely outdated, UPCs are finally getting a facelift and moving into the 21st century thanks to the GS1 Sunrise 2027 initiative. And in 2014, Inditex SA, which owns fast-fashion giant Zara, implemented RFID to effectively track all its products at every step in the process. A true win-win!

Merchant Services 266

Merchant Services Inventory Management Grocer Customer Experience 266

Retail TouchPoints

JULY 17, 2023

According to Grand View Research , the global IoT retail market was valued at $42.38 billion in 2022 and is expected to grow at a CAGR of 28.4% Inventory management. With innovative inventory tools, retailers can always be sure the necessary goods are in stock in a particular store. from 2023 to 2030.

Payment Services 226

Payment Services Checkout Inventory Management Customer Experience 226

I Vend

OCTOBER 16, 2023

Retailers have to grow their share of a finite wallet, making promotions and customer experience an essential part of the retail mix. Retailers have to be ready with promotions to attract these early birds, and harness their retail POS software to win their wallet.

Checkout 105

Checkout Inventory Management Payment Services Returns 105

Retail TouchPoints

OCTOBER 6, 2022

The Retail TouchPoints 2022 Retail Strategy & Planning (#RSP22) webinar series, now available on-demand, offered a wealth of tips and best practices across critical areas including pricing, location-based technology, inventory management and marketplaces. However, there are other dynamics at play that will impact seasonal results.

Merchant Services 239

Merchant Services Payment Services Promotions Location 239

Retail TouchPoints

NOVEMBER 18, 2021

Last year, COVID-19 lockdowns that restricted shopping at brick-and-mortar stores sent shoppers online. But this “new normal” requires retailers to have access to accurate inventory data — often across multiple channels, both in-store and online. Optimized supply chain management to avoid stockouts and overstocking.

Supply Chain Management 231

Supply Chain Management Fulfillment Shipping Inventory Management 231

Retalon

DECEMBER 8, 2021

Why should retailers care about their Order Fulfillment Process? Order fulfillment may seem like a fairly straightforward process and according to the generic “high-level” definition, it is. In today’s market, putting the right fulfillment system in place gets you a competitive edge. What is order fulfillment?

Merchant Services 41

Merchant Services Fulfillment Drop-Shipping Shipping 41

Retail Focus

SEPTEMBER 21, 2023

While owning a bar or restaurant is undeniably exciting, this journey is often strewn with myriad challenges that can keep even the most hardened entrepreneur awake at night. Often, staff view these jobs as mere stepping stones, rarely looking at them as long-term career opportunities.

Inventory Management 130

Inventory Management Management Accounting Point of Sale 130

Retail Focus

SEPTEMBER 7, 2021

Ben Balfour, Business Operations Director at Advanced Supply Chain Group , shares top tips about how retailers can prepare their supply chains for a Black Friday and Christmas sales surge. Ben Balfour, Business Operations Director at Advanced Supply Chain Group. The first affects stock inventory management.

Inventory Management 147

Inventory Management Supply Chain Management Shipping Planning 147

Retail TouchPoints

JULY 18, 2023

As part of the new multiyear agreement — which builds upon a partnership that started in 2016 — Academy will use the Revionics Base Price and Markdown solutions to not only optimize its pricing strategy but better manage inventory levels throughout the product lifecycle.

Outdoor 172

Outdoor Markdowns Apparel Fulfillment 172

Retail TouchPoints

MAY 31, 2022

5G is really three things — speed , latency and massive connectivity ,” said Michael Colaneri, a 30-year AT&T veteran who now leads the telecom’s retail business vertical. Here are five places where 5G-enabled experiences/solutions are either being tested or have already been deployed at retail. What is 5G, Really?

Merchant Services 344

Merchant Services Checkout Shrinkage ATS 344

Star Miconics

MARCH 1, 2023

What’s impressive is that Ascent Solutions’ inventory management system is powered by Salesforce , a leading customer relationship management (CRM) platform. sales, service) with Ascent Solutions’ back office inventory management operations. What role in the market does Ascent Solutions fulfill, and how?

Payment Services 52

Payment Services Inventory Management Point of Sale Fulfillment 52

Retail TouchPoints

JANUARY 20, 2022

The first Amazon Style store is set to open later this year at The Americana at Brand shopping mall in Los Angeles. “We Amazon Style could be a first foray in the department store realm where the company could expand to other untouched categories at brick-and-mortar, such as homewares. There will be humans working the store too.

Payment Services 217

Payment Services Apparel Inventory Management Department Stores 217

Retail Gazette

OCTOBER 12, 2023

1) Optimise inbound and outbound We’re seeing a growing trend of retailers prioritising a review of their warehousing and fulfilment. ASC research last year found that just over a third (35%) of retailers were focusing on fulfilment, with this increasing to half (50%) this year.

Payment Services 52

Payment Services Inventory Management Fulfillment Returns 52

Inside Retail

JANUARY 24, 2023

In-store innovation Retailers continue to overhaul legacy systems and integrate in-store tech at pace, with one goal – a seamless customer experience. Retailers are sitting on a wealth of data that can be leveraged to predict behaviours, opening the door to personalised experiences that can be accessed at any brand touchpoint.

Fulfillment 130

Fulfillment Customer Experience Consumer Returns 130

Retail Assist

JUNE 22, 2023

It addresses the pain points of inventory management, logistics, and data overload by providing unparalleled visibility across your entire supply chain. With Merret Pro, you can say goodbye to inefficient inventory management and logistical headaches.

Payment Services 52

Payment Services Markdowns Inventory Management Supply Chain Management 52

365 Retail

NOVEMBER 14, 2022

Using a sound PPC and SEO strategy to support enticing promotions is a surefire tactic to create a buzz around your brand early on. Inventory management is key. It’s imperative to manage your inventory effectively ahead of Black Friday and Cyber Monday. What upsells and bundles you’re going to offer.

Merchant Services 57

Merchant Services Payment Services Inventory Management Fulfillment 57

Retalon

APRIL 21, 2021

Omnichannel order fulfillment that drives customer experience (and boosts profits). Although the trend towards omnichannel fulfillment is not new, the pandemic changed many retailers’ business models almost overnight, and these changes are not going away. What is omnichannel order fulfillment in retail?

Fulfillment 41

Fulfillment Drop-Shipping Shipping Returns 41

Retail TouchPoints

OCTOBER 22, 2021

This article will look at how to get a decent site from scratch without using off-the-shelf solutions like Magento, Shopify, and WordPress, as well as the top seven practices for custom ecommerce website development. At the same time, you need to focus on fast loading — users do not wait for a page to load for more than three to five seconds.

Payment Services 234

Payment Services Inventory Management Promotions Checkout 234

Retail Bound

JUNE 27, 2023

Step 4: Pricing & Promotion Strategy The fourth strategy is honing your pricing and promotion strategies. Promotional campaigns play a critical role in driving consumer awareness and sales. Retail success requires efficient sourcing, production, inventory management, and delivery processes.

Fulfillment 52

Fulfillment Target Market Payment Services Promotions 52

Retail Focus

JANUARY 12, 2023

Sales automation can also offer promotions and upsells tailored explicitly towards each customer and presented opportunistically. Inventory Management. Instead, it can focus their efforts on providing exceptional customer service to deals actually in the bag. eCommerce Software for B2B In a Nutshell.

Payment Services 130

Payment Services Inventory Management Returns Checkout 130

Retail TouchPoints

JANUARY 25, 2022

In the retail industry, many organizations are at a pivotal moment of forging a path forward to define the future-state customer experience where the physical and digital converge. 4) Think Big: Improve supply chain and inventory management. 5) Thing Big: Improve order fulfillment. We all like to think big.

Management 247

Management Marketing Customer Experience Inventory Management 247

Retail TouchPoints

JULY 14, 2021

To fully understand current practices, challenges and opportunities, CI&T conducted qualitative interviews and quantitative surveys with 115 executives at big-box retailers and CPG suppliers. Suppliers reported looking at sales data year-over-year, whereas retailers were doing so month-to-month. “If

Inventory Management 262

Inventory Management Grocer Consumer Planning 262

Retalon

JULY 30, 2019

Retail fulfillment is defined as the process of receiving, packaging, and delivering an order to the customer. A large portion of a retailer’s business activity—and their success—hinges on effective and efficient fulfillment strategies and processes. Delivering convenience (Retail Fulfillment Strategy Examples).

Fulfillment 32

Fulfillment Drop-Shipping Shipping Supply Chain Management 32

Retalon

JUNE 29, 2013

Every retailer wishes to have the right product at the right place at the right time. In order to achieve this there is a lot of thought put into inventory management, allocation, and replenishment processes. Once inventory begins to run low at a specific store, it is replenished from the DC.

Inventory Management 32

Inventory Management Management Markdowns Fulfillment 32

Retalon

MAY 17, 2024

It is used for planning and optimizing various supply chain activities, including procurement, production, inventory management, and distribution. Here are 10 key reasons why demand forecasting is vital in supply chain management. Order-Fullfilment: Knowing the consumer demand enables retailers to anticipate fulfillment needs.

Supply Chain Management 41

Supply Chain Management Inventory Management Management Promotions 41

Retail TouchPoints

MAY 30, 2023

People have burned through their savings, and there’s a lot of inflation as well as changes in the job market,” said Jonah Ellin, Chief Product Officer at 1010data in an interview with Retail TouchPoints. I think that the back-to-school season target audience has expanded,” said Matthew Katz, Managing Partner at SSA & Co.

Shopping 238

Shopping Consumer Planning Inventory Management 238

Rain Pros

AUGUST 18, 2023

Customers can easily access different products, compare prices, discover new brands and make purchases from anywhere, anytime, at their own pace. It can differentiate retail stores online and put you ahead of your competitors by ensuring you can deliver the right products faster, to the right place, on time and at the right price.

Payment Services 52

Payment Services Drop-Shipping Shipping Inventory Management 52

Rain Pros

AUGUST 18, 2023

Customers can easily access different products, compare prices, discover new brands and make purchases from anywhere, anytime, at their own pace. It can differentiate retail stores online and put you ahead of your competitors by ensuring you can deliver the right products faster, to the right place, on time and at the right price.

Payment Services 52

Payment Services Drop-Shipping Shipping Inventory Management 52