Retail Smart Guys

OCTOBER 18, 2022

Every retailer aims to have solid inventory planning. Finding the right balance is possible with an open-to-buy plan (OTB). billion due to inventory imbalance. Hence, it is vital to deal with inventory management dilemmas by utilizing an open-to-buy plan to keep a positive business cash flow.

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Inventory Management Management Planning Location 52

Retalon

AUGUST 14, 2023

Nearly 70% of retailers face challenges managing inventory due to relying on legacy processes. For executives in planning and merchandising roles, this leads to sleepless nights and the nagging feeling there must be a better way. Furniture inventory management software offers a smarter solution.

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Inventory Management Management Dead-Stock Inventory Turnover 41

Retail TouchPoints

NOVEMBER 30, 2022

The solution sets up a unified supply chain data lake using AWS Supply Chain’s built-in connectors, which use pre-trained machine learning models to understand, extract and aggregate data from ERP and supply chain management systems. AWS Supply Chain’s visual map then made it easy to see product-level inventory movement in real time.

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Retail TouchPoints

MARCH 15, 2024

It can constantly and immediately change the way it is arranged to beat other shelves at capturing the customer’s attention. What you are optimizing are essentially two things: How the users find your products What they see when looking at them. While customers come to browse the physical shelf, your digital shelf goes to the customer.

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Retail TouchPoints

JULY 29, 2020

The company owns and operates 34 locations, both flagships or outlets, and the remainder are owned and operated by partners such as high-end resorts. That’s my job at Burton nowadays,” she recalled. The second prong was replacing foundational systems, such as the company’s legacy enterprise resource planning (ERP) system. “It

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Inside Retail

FEBRUARY 25, 2024

Among consumer and retail sector respondents, 66 per cent said their organisations were most likely to apply generative AI in analysing customer data and creating personalised recommendations; 64 per cent will use it for trend analysis/predictive analysis for inventory management; and 40 per cent envision it helping them set competitive prices.

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Inside Retail

NOVEMBER 6, 2023

If tasks aren’t completed on time in a prioritised, efficient manner, omnichannel services can run late, customers receive lacklustre service, and employees can become frustrated at their inability to effectively complete their work. AI also helps share labour resources across locations, departments and roles within the organisation. “By

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Inside Retail

MARCH 7, 2024

The brand was co-founded in 2014 by best friends Sarah Miller and Jessie Gargan, who were 23 and 26, respectively, at the time. They had met five years prior when Gargan hired Miller as a Christmas casual at Sportsgirl.

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Boutique Apparel Fashion Wholesale 130

Bindo

APRIL 13, 2017

Why Is Inventory Management Important. Inventory management remains the cornerstone of successful retail. Experienced retailers understand the importance of metrics taken from inventory management. Inventory management helps take the guesswork out and place retail products in the store correctly.

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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.

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Retail TouchPoints

MAY 10, 2023

For consumer-packaged goods (CPG) brands wanting to lead their category at major retailers, it’s critical to be strategic and adaptable with a logistics strategy. While many brands try to shave pennies off transactional transportation costs, that won’t drive long-term success in retail locations.

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Inside Retail

JANUARY 30, 2024

Retailers worldwide may be facing challenging times right now, but the evolution of technology – including the deployment of AI – is opening the way to dramatic improvements in productivity at all stages of the retail business model. And that’s where your Workforce Management systems come into play,” says Bretherton.

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Retail TouchPoints

AUGUST 11, 2020

Circle K will pilot a touchless autonomous checkout solution in one of its Phoenix locations and plans to add the technology to other store locations. In the pilot store, shoppers can pay via a smartphone app for a completely touchless experience, or pay with cash or a card at a kiosk or traditional POS station.

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Checkout Store Layout Payment Services Kiosk 223

Inside Retail

MARCH 17, 2024

When McDonald’s first opened for business in the 1940s, its workers stood at physical counters, its burgers and fries were listed on paper menus, and its customers paid cash to its human cashiers. The burger giant did flag that something like this could happen, at least to Wall Street. “We How quaint.

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Retail Smart Guys

MARCH 23, 2024

At Retail Smart Guys , our commitment extends beyond traditional inventory management. We collaborated with a valued client to not just analyze their inventory but to strategically reclassify it in alignment with their unique property acquisition goals. We hope this newsletter finds you thriving in your business pursuits.

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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.

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365 Retail

MARCH 20, 2024

The new ten-year contract will help support Jollyes’ continued ambitious growth plans as it prepares to accelerate expansion following significant investment by new owner TDR Capital. The operation is supported by Wincanton’s warehouse management system (WMS) to deliver tailored inventory management, item tracking and performance reporting.

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Fulfillment Inventory Management Planning Location 63

Retail TouchPoints

JANUARY 20, 2022

Amazon has announced plans for its first-ever physical fashion store — dubbed Amazon Style — which will feature women’s and men’s apparel, shoes and accessories. The first Amazon Style store is set to open later this year at The Americana at Brand shopping mall in Los Angeles. “We There will be humans working the store too.

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Retail Smart Guys

SEPTEMBER 2, 2022

Particularly in your inventory, which is the biggest expense every retail store has, establishing the correct level of inventory, on a department by department basis, and a location by location basis, is the most important job in retail. Proper inventory levels in all classes, at all locations, are ensured.

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Retail TouchPoints

APRIL 21, 2022

Companies with supply chains that span the globe often struggle with standardizing their processes, partly because different locations use different systems of record. To avoid this outcome, your business needs to use intelligent planning and analytics technology to develop its own modern supply chain management solutions.

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Supply Chain Management Planning Shipping Inventory Management 241

Retail TouchPoints

SEPTEMBER 23, 2022

Corporations manage 3PL warehouses with physical spaces and logistics teams. One 3PL can handle a multitude of clients at a time, and they store, manage and prepare the goods for shipment, process the orders and deliver them to customers via their partner carriers. Can you fulfill the orders in a timely manner?

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Inside Retail

FEBRUARY 26, 2024

Set benchmarks for inventory management, including the rate of inventory turnover and tracking and fill rate. Continue to review minimum stock limits and develop contingency plans should supply issues emerge. Pricing and promotional strategies will be vital as consumers are more cost-conscious.

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Inventory Turnover Supply Chain Management Customer Retention Inventory Management 147

Inside Retail

MARCH 28, 2023

Now, it’s looking to reach 9,000 locations by 2025 through its focus on innovation, customer-centricity and agility. According to Judy Zhang, vice president of digital ventures at Starbucks China, the service is based on human-centred design and provides a unique ‘Starbucks Experience’ for customers on the road.

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Inventory Management Planning Location Consumer 130

365 Retail

FEBRUARY 23, 2023

Zebra Technologies Corporation , an innovator at the front line of business with solutions and partners that deliver a performance edge, will put retail data insights and The Modern Store by Zebra framework centre stage at EuroShop , booth A79/Hall 6, Dusseldorf, Germany from 26 February – 2 March.

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Payment Services Checkout ATS Inventory Management 52

Retail TouchPoints

JULY 3, 2020

Smart shelves are systems made up of a variety of technologies designed to help retailers make smarter inventory planning and merchandising decisions, automatically sense stock levels, and collect customer data like foot traffic patterns, shopping behavior and more. Smart shelves need power, but what is the best way to deliver it?

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ATS Supermarket Promotions Inventory Management 202

Retail TouchPoints

DECEMBER 28, 2022

According to recent research, the global warehouse automation market is estimated to grow at a CAGR of 14%, reaching $30 billion by 2026. They offer the greatest flexibility and visibility in the network and reduce systemwide inventory carrying costs; and.

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Management Fulfillment Drop-Shipping Employee Engagement 275

Retalon

JANUARY 5, 2021

An inaccurate forecast, unpredictable changes to consumer preferences, shifts in the competitive landscape, or major economic events can all completely throw your planning and purchasing off-track, leaving you with major inventory distortions despite your best plans. What is inventory balancing?

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Location Inventory Management Markdowns Fulfillment 41

Retail Smart Guys

DECEMBER 11, 2023

As someone deeply immersed in the world of retail, I’ve witnessed firsthand the transformative power of Merchandise Planning and Open-To-Buy, especially when executed with precision and done right. At Retail Smart Guys , we make sure our services empower our clients to grow strategically.

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Markdowns Inventory Management Planning Location 52

365 Retail

FEBRUARY 1, 2024

PoS systems are becoming essential for managing everyday commercial operations, from simple payment processing to inventory management and sales analytics in retail companies. Modern PoS systems often offer cloud-based or remote access features, allowing managers to monitor business operations from anywhere.

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Merchant Services Payment Services Inventory Management Management 52

Inside Retail

FEBRUARY 23, 2023

Reliving vintage craftsmanship According to Huisamen, the wide range of collections and styles on offer, including the more elevated Made & Crafted line, is what sets the Ion store apart from other Levi’s locations in Southeast Asia. This market has long been key to the Levi’s East Asia Pacific expansion plans.

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Retail TouchPoints

JUNE 25, 2021

Retailers have innovated at unparalleled speeds over the past year to meet customers’ needs. This is proven out in our data, with close to half (48%) of firms already or planning to provide 5G-capable smartphones and/or devices to employees in the next six months. 5G as an Efficiency Driver.

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Inventory Management Customer Experience Point of Sale Advertising 132

Star Miconics

MARCH 1, 2023

Ascent Solutions is an exciting enterprise resource planning (ERP) software offering features to help businesses manage their inventory and sales processes. What’s impressive is that Ascent Solutions’ inventory management system is powered by Salesforce , a leading customer relationship management (CRM) platform.

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Payment Services Inventory Management Point of Sale Fulfillment 52

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. This inconvenience was arguably worse than not offering the service at all.

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Management Marketing Customer Experience Inventory Management 260

Retail TouchPoints

AUGUST 31, 2021

Customer buying habits change based on store location, the product’s target audience (e.g. However, AI truly differentiates itself in inventory management, shelf workload and identifying products that will upsell successfully. Optimizing product shelf locations. A Cashierless Experience. million per year in revenue.

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Global Shop

FEBRUARY 12, 2024

After going live with Global Shop Solutions ERP software, CSS experienced improved inventory management and scheduling, particularly when they implemented automated processes. Go Digital For Inventory and Material Movement Poor inventory management has more impact on productivity than any process, with the exception of scheduling.

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Retail Minded

OCTOBER 2, 2023

UPS utilizes route optimization software to plan the most efficient delivery routes, reducing fuel consumption and delivery times. Risk Management and Resilience: Develop robust risk management strategies and contingency plans.

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Supply Chain Management Management Inventory Management Outdoor 52

V Count

SEPTEMBER 15, 2022

A modern POS system lets you accept customer payments at a specific location or on the go and can help you track your sales in an efficient way. It’s an all-in-one POS solution that asks for no subscription fee, however, the paid plans offer way more features. Rates differ depending on your business type and your choice of plan.

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Merchant Services Payment Services Inventory Management Planning 98