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

365 Retail

FEBRUARY 17, 2022

Californian lifestyle fashion brand, Pacsun , doubled its ship completes by better anticipating online demand and intelligently leveraging its stores as ecommerce fulfilment centres, partnering with antuit.ai , a leader in AI-powered SaaS solutions for consumer products and retail insights and now part of Zebra Technologies.

Markdowns 52

Markdowns Fulfillment Shipping Fashion 52

Retail TouchPoints

OCTOBER 3, 2023

By my recollection, the world of flexible fulfillment hit an inflection point about 15 years ago. It was at that point that putting the technology and operations in place to fulfill from an increasingly complex supply chain network embarked upon its next frontier. Let’s start with demand forecasting and inventory deployment.

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Fulfillment Drop-Shipping Markdowns Shipping 257

Retalon

JANUARY 5, 2021

So it’s no surprise that retailers are beginning to take a serious look at their mid-season inventory balancing practices. Simply put, inventory balancing is the process of moving excess inventory from one retail location to a retail location where that inventory is in demand. What is inventory balancing?

Location 41

Location Inventory Management Markdowns Fulfillment 41

Retail TouchPoints

DECEMBER 12, 2023

In addition to this timing variation, over 60% of shoppers plan to do their browsing online, yet 85% expect to buy at least one product in a store. Add it all up and it’s clear that the timing duration, and location of holiday shopping is not like the old days.

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Markdowns Retailing Pricing Promotions Fulfillment 269

Retalon

FEBRUARY 15, 2022

Demand forecasting at store/SKU levels leads to better allocation of inventory across the entire business from the start. Price elasticity of demand, meaning the effect that a set price will have on demand, is an important consideration when setting prices, running promotions, or markdowns. Let’s take a look at what those are.

Markdowns 41

Markdowns Inventory Turnover Fulfillment Accounting 41

Retail Assist

APRIL 14, 2021

Stock replenishment is a standard retail practice, to ensure that the right products are in the best place, at the optimum quantity. Retailers must be able to move stock quickly between different locations, such as stores, concessions and franchises, and partners, whilst also maintaining healthy warehouse stock for eCommerce orders.

Markdowns 52

Markdowns Fulfillment Promotions Shipping 52

Retalon

NOVEMBER 11, 2021

In addition, retail giants like Amazon have conditioned today’s consumers to want simple and efficient order fulfillment options, fast delivery and a wide range of product options. In turn, consumers now expect these same options to be available across all retail locations (both online and in-store).

Fulfillment 41

Fulfillment Markdowns Promotions Shipping 41

Retalon

SEPTEMBER 29, 2014

Meanwhile, mobile technology has surged allowing consumers to go shopping on their personal device from their pocket at anytime. This means that no matter where the customer purchases the product they should be able to receive it very quickly at a minimum cost to them, and to the retailer. How do you build a smart fulfillment strategy?

Fulfillment 36

Fulfillment Markdowns Shipping Inventory Management 36

Retalon

JUNE 11, 2021

Written by Mark Krupnik, CEO at Retalon. There are some who believe that sustainable supply chains that lead to a greener planet can only exist at the expense of the business. Increased Carbon Footprint: The shift to “next-day” e-commerce has increased the logistics associated with fulfilling an order and accepting returns.

Fulfillment 41

Fulfillment Drop-Shipping Markdowns Returns 41

Retalon

SEPTEMBER 22, 2021

Instead of only shipping to customers’ homes, retailers let online customers shop from their local and online store’s inventory and pick up their orders from their closest brick-and-mortar location the same day. A retail fulfillment process that is known as BOPIS — Buy Online, Pickup In-Store. What is BOPIS?

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41

Retalon

SEPTEMBER 29, 2014

Meanwhile, mobile technology has surged allowing consumers to go shopping on their personal device from their pocket at anytime. This means that no matter where the customer purchases the product they should be able to receive it very quickly at a minimum cost to them, and to the retailer. How do you build a smart fulfillment strategy?

Fulfillment 32

Fulfillment Markdowns Shipping Inventory Management 32

Retalon

NOVEMBER 29, 2014

Meanwhile, mobile technology has surged allowing consumers to go shopping on their personal device from their pocket at anytime. This means that no matter where the customer purchases the product they should be able to receive it very quickly at a minimum cost to them, and to the retailer. How do you build a smart fulfillment strategy?

Fulfillment 32

Fulfillment Markdowns Shipping Inventory Management 32

Retalon

FEBRUARY 25, 2022

Whether losing sales to out-of-stocks, or facing overstocking costs and markdowns, inefficient stock replenishment has a huge impact on a retailer’s GMROI. Replenishment seeks to ensure that the right product is on the shelves at the right time for the consumers to maximize sales & minimize costs. Periodic Strategy.

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Inventory Management Fulfillment Markdowns Location 47

Retalon

JANUARY 6, 2021

The purpose of replenishment is to ensure that a retailer has the right quantity of product, at the right location, at the right time to maximize sales and minimize costs. Smaller B&M retailers with one or two locations may find replenishment planning fairly simple. Why is replenishment planning so complicated?

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Planning Markdowns Accounting Shipping 41

Retalon

APRIL 27, 2021

It can analyze billions of data points and predict demand at a level of granularity that’s simply impossible to reach using Excel. In effect, this means a reduction of total inventories, maximized sales, and reduced markdowns. Order fulfillment automation. to optimize inventory for gross margins.

Fulfillment 41

Fulfillment Markdowns Promotions Returns 41

Retalon

NOVEMBER 20, 2020

Before we go any further it is important to make a clear distinction between price management and price optimization : Price optimization is the process of identifying the optimal price point for any given product at any given location that will yield the highest profit. You cannot optimize prices without managing them, however.

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Management Markdowns Accounting Retailing Pricing 41

Retalon

MARCH 2, 2021

What fulfillment methods are you offering? What sizes should you offer for each product at each location? If you run out of stock on winter jackets at your busy locations, you will not have an accurate gauge as to what your true demand was last year and you will repeat the same mistake in your forecast for next year. .

Fashion 41

Fashion Markdowns Promotions Accounting 41

Retalon

FEBRUARY 10, 2022

So, a retailer who wants to gain the competitive edge while avoiding undue losses, needs to be able to spot the indicators of bad inventory and know how to fix them at the root. Identifying bad inventory can mean the difference between bringing in profits or losses at the end of the year. Drastic Markdowns.

Inventory Turnover 41

Inventory Turnover Management Inventory Management Dead-Stock 41

Retalon

APRIL 14, 2021

It needs to be relevant to the current (and upcoming trends), as well as sensitive to the unique geo0demographics of your channels and locations. Developing a solid product assortment strategy at the beginning optimizes revenue and profit while minimizing the risk. Don’t use the same product assortment across all locations.

Markdowns 41

Markdowns Planning Location Accounting 41

Indigo 9 Digital

SEPTEMBER 1, 2022

representing the fastest growth in at least a decade and sales so far this year have been strong. That means if there is slow moving merchandise the retailer doesn’t have to worry about taking markdowns to sell the inventory. Marks & Spencer’s revenues last year were up 21.5% respectively.

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Drop-Shipping Markdowns Planning Grocer 95

RETAIL MANAGEMENT SOFTWARE

MARCH 11, 2022

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. Instead of simply repeating the same quantities, look at which products were the best and worst sellers and order accordingly.

Inventory Management 92

Inventory Management Management Inventory Turnover Drop-Shipping 92

Retail Minded

FEBRUARY 24, 2022

As ecommerce continues to boom, it has reinforced the need for retail brands to strengthen their online fulfilment and shorten click-to-customer cycle times. From when and where to what locations matter to them. That worked great when you knew the demand to fulfil ahead of time. The root of the matter remains simple.

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Fulfillment Markdowns Specialty Retailers Consumer 111

Retalon

AUGUST 16, 2019

In any business undertaking that caters to a consumer marketplace, there are two major challenges – delivering an experience that feels personalized to shoppers, while simultaneously creating a consistent experience across retail locations and channels so that customer can enjoy the comfortable familiarity of your brand.

Customer Experience 32

Customer Experience Fulfillment Markdowns Consumer 32

Retalon

AUGUST 16, 2019

Delivering an experience that feels personalized to shoppers, while also… Creating a consistent experience across retail locations and channels so that customer can enjoy the comfortable familiarity of your brand. Any business that caters to a consumer marketplace deals with 2 common challenges.

Fulfillment 32

Fulfillment Customer Experience Markdowns Consumer 32

Retalon

AUGUST 20, 2019

The debate over bricks (physical locations) versus clicks (online stores) has long centered on several key factors, including: – Cost efficiency. If you doubt the benefit of such a strategy, just consider the speed at which Amazon has started to acquire physical locations – over 500, including Wholefoods and book stores.

Fulfillment 32

Fulfillment Comparison Shopping Markdowns Promotions 32

Retalon

AUGUST 20, 2019

The debate over bricks (physical locations) versus clicks (online stores) has long centered on several key factors, including: – Cost efficiency. If you doubt the benefit of such a strategy, just consider the speed at which Amazon has started to acquire physical locations – over 500, including Wholefoods and book stores.

Fulfillment 32

Fulfillment Comparison Shopping Markdowns Promotions 32

Retalon

SEPTEMBER 13, 2015

All costs associated with the transfer — from logistics and store capacity to demographic diversity and the sizes and colors most likely to sell at the specific location — are incorporated automatically. But for most retailers, the restocking process doesn’t begin until inventory starts to run low at a specific store.

Markdowns 32

Markdowns Promotions Customer Experience Fulfillment 32

Retalon

SEPTEMBER 13, 2015

All costs associated with the transfer — from logistics and store capacity to demographic diversity and the sizes and colors most likely to sell at the specific location — are incorporated automatically. But for most retailers, the restocking process doesn’t begin until inventory starts to run low at a specific store.

Markdowns 32

Markdowns Promotions Customer Experience Fulfillment 32

Retalon

SEPTEMBER 13, 2015

All costs associated with the transfer — from logistics and store capacity to demographic diversity and the sizes and colors most likely to sell at the specific location — are incorporated automatically. But for most retailers, the restocking process doesn’t begin until inventory starts to run low at a specific store.

Markdowns 32

Markdowns Promotions Customer Experience Fulfillment 32

Retalon

MARCH 4, 2019

Retail is changing faster than ever, and keeping up fulfilment needs, competitive pricing, and trendy assortment is costly. It then calculates the demand of every individual SKU across each location and/or channel and then proactively makes profitable recommendations. This means that changes to plans are very cumbersome.

Inventory Management 32

Inventory Management Markdowns Planning Fulfillment 32

Retalon

JULY 4, 2018

Based on the amount of retailers that have been forced to shut their doors in the last three years, there is a major shift that is moving through the retail industry at full force. So what’s the real challenge at hand? Ultimately many retailers will often compete on the fulfillment strategy.

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Promotions Fulfillment Shipping Markdowns 32

Retail TouchPoints

NOVEMBER 3, 2020

By creating narrower product assortments and limiting inventory levels — especially for product shipments headed to brick-and-mortar stores —merchants would gain the ability to react more quickly to changing consumer trends, and even potentially reduce their need for markdowns. What can retailers do to eliminate or at least minimize these?

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Drop-Shipping Merchant Services Fulfillment Shipping 184

Retail TouchPoints

JULY 31, 2023

alone at $100 billion. We expect this to continue to improve and thankfully many of the issues are targeted at specific products and not as systemic as they have been during the last three years,” according to the report. While a problem across the U.S., IHL estimates the cost of ORC in the U.S.

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Markdowns Shipping Fulfillment Consumer 235

Retalon

SEPTEMBER 11, 2020

Demand is an economics concept that describes the willingness of consumers to purchase a specific product at a specific price. Therefore, demand forecasting is a statistical prediction of the willingness of consumers to purchase specific products, at a specific price, in a specific time frame.

Payment Services 41

Payment Services Promotions Accounting Fulfillment 41

365 Retail

DECEMBER 5, 2022

There is no doubt that in recent years digital transformation in retail has accelerated at pace. Tom Vieweger , RFID business expert at Nedap Retail. Physical locations will be critical to building and maintaining the flexibility demanded of retail supply chains, with stores now serving as fulfilment centres or distribution points.

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Dead-Stock Fulfillment Markdowns Shipping 52

Retalon

AUGUST 14, 2023

For instance, the e-commerce team might be trying to run a promotion while stores have inadequate inventory to fulfill demand. Enhanced Gross Margins Traditional forecasts are often inaccurate, leading to steep markdowns. Lower Logistics Costs With siloed planning, fulfilling omnichannel orders can be ad-hoc and inefficient.

Payment Services 41

Payment Services Fulfillment Planning Markdowns 41