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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Inside Retail

JANUARY 31, 2022

There are also other supply chain benefits for businesses including improved inventory management, recall readiness, sustainability, ethical sourcing and product authentication. At Woolworths, we plan to build on the potential of these barcodes to offer customers valuable information on provenance, quality and sustainability.

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Retalon

FEBRUARY 10, 2022

Bad inventory is an expensive problem. Trillion annually as a result of bad inventory. Managing inventory becomes exponentially more complicated as a retailer grows; and often becomes an overwhelming challenge. What is bad inventory called? What is bad inventory called day-to-day? Drastic Markdowns.

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Retail Assist

JUNE 22, 2023

Successfully managing a retail supply chain can be a daunting task, but with the right tools and software, it becomes a seamless process. It addresses the pain points of inventory management, logistics, and data overload by providing unparalleled visibility across your entire supply chain. The result?

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Retail TouchPoints

NOVEMBER 8, 2022

Optimizing inventory based on trends and historical data means the customer will get the exact item they are looking for. Returns are increasing labor costs due to inspection and restocking time and often cause markdowns, out-of-stock and logistics expenses to increase. Retailers can also create a return policy that avoids waste.

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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.

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Retail Smart Guys

DECEMBER 11, 2023

At Retail Smart Guys , we make sure our services empower our clients to grow strategically. Our experts provide a tailored and structured approach to inventory management, allowing you to focus on what you do best – delighting your customers. Our Merchandise Planning and Open-To-Buy services bring order to the retail chaos.

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Retail Design Solutions

FEBRUARY 23, 2024

At RDS we embrace technology so let’s explore the rise of AI-driven digital pricing, its potential benefits, and the concerns it raises for both consumers and retailers. Improved Stock Management AI-driven dynamic pricing not only helps retailers reduce food waste but also enables them to optimise stock management.

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Retalon

OCTOBER 23, 2023

TORONTO (PRWEB) FEBRUARY 04, 2022 Retalon, an award-winning provider of AI and predictive analytics for retailers has become a Microsoft Partner through the release of their analytics solutions for planning, inventory management, and lifecycle pricing on Microsoft Dynamics 365.

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Wiser

MAY 20, 2020

It’s easy for other retailers and even manufacturers to look at these success stories and want to understand how to make EDLP work for them. It’s a complex decision that involves customer behavior, marketing, supply chain and inventory management, and other functional areas. Everyday Low Pricing vs High-Low Pricing.

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Mass Relators

JULY 26, 2022

The company projects lower earnings primarily due to pricing actions aimed at improving inventory levels and altering the sales mix at its Walmart and Sam’s Club outlets in the United States. is requiring more markdown dollars. . — Walmart has revised its profit outlook for its second quarter and fiscal year 2023.

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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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Retalon

OCTOBER 8, 2020

But getting the biggest return on that investment, especially in today’s tough retail environment, requires a more nuanced, data-driven approach to inventory management than most retailers are used to. Below, we’ll describe 7 guaranteed inventory reduction ideas in some detail. What does reducing inventory levels really mean?

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Retalon

FEBRUARY 7, 2022

Retalon, an award-winning provider of AI and predictive analytics for retailers has become a Microsoft Partner through the release of their analytics solutions for planning, inventory management, and lifecycle pricing on Microsoft Dynamics 365.

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Markdowns Inventory Management Finance Planning 41

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. Stock replenishment is the process of ordering and allocating inventory to replace missing products on store shelves. So, how are retailers managing stock replenishment today?

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Retalon

JANUARY 7, 2021

With seasonal product life-cycles becoming ever shorter, retailers need more strategic and granular ways to plan their seasonal assortments so they can maximize revenue while minimizing markdowns. Calculate the seasonality for every SKU, at every store. Optimize inventory levels to ensure successful promotions of seasonal merchandise.

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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. In this kind of shopping environment, how should retailers align their promotions and markdowns for the greatest impact? And don’t forget the shopper looking for that end-of-season deal.

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M19 Retail

MARCH 22, 2021

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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Retalon

JULY 25, 2018

Distributed Order Management. At the Peak. Unified Price, Promotion and Markdown Optimization. The Hype Cycle. The Priority Matrix. Off the Hype Cycle. On the Rise. Contextualized Real-Time Pricing. Blockchain in Retail. Smart Check-Out. Algorithmic Retailing. Visual Search. Virtual Reality in Retail. Customer Engagement Hub.

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Retalon

APRIL 26, 2021

Product clustering (or grouping) is an increasingly common technique that leading retailers use to manage their planning, inventory, pricing, promotions, and markdowns. But at best, this only happens once a quarter (and often at longer intervals). Everything you need to know about product clustering / grouping.

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Retalon

JULY 28, 2021

The volatile nature of seasonal inventory leaves traditional methods of forecasting ineffective, and in fact, harmful. Without an effective method to predict seasonal demand retailers will always run out of stock and lose sales or be forced to mark down products at the end of the season. Seasons are not the same year-to-year.

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Retalon

JULY 28, 2021

The volatile nature of seasonal inventory leaves traditional methods of forecasting ineffective, and in fact, harmful. Without an effective method to predict seasonal demand retailers will always run out of stock and lose sales or be forced to mark down products at the end of the season. Seasons are not the same year-to-year.

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Retalon

MARCH 4, 2019

Inventory Management. Traditional inventory management is fragmented silo work that doesn’t take other processes into account. Things are done retroactively or not at all, and any changes made tend to be at a category level, not a SKU level, leading to lost sales and unnecessary markdowns.

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Retalon

JANUARY 5, 2021

Some stores will be overrun with inventory, while others will struggle to keep up with demand. So it’s no surprise that retailers are beginning to take a serious look at their mid-season inventory balancing practices. Most of today’s inventory management issues start at the level of forecasting.

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Retail TouchPoints

OCTOBER 3, 2023

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. The digital channel typically had one or more dedicated facilities, which ironically were often planned and managed like an individual additional brick-and-mortar location.

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Retalon

SEPTEMBER 22, 2021

BOPIS is the most common acronym you’ll see, but you may come across these other variations: BOPAC (Buy Online Pickup At Curb): Focuses on the outside handoff. Customers stay in their vehicles at designated parking spots, and employees bring their purchases out to the car. BOPIS lets customers shop on their own schedule.

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Retalon

FEBRUARY 13, 2018

The result of unreliable projections are inventory imbalances: mistakes in planning, purchasing, and inventory management, resulting in inventory levels that don’t match actual demand. Each year, inventory imbalances cost retailers an estimated $1.1 Inventory imbalances happen at a high price to retailers.

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Retalon

FEBRUARY 13, 2018

The result of unreliable projections are inventory imbalances: mistakes in planning, purchasing, and inventory management, resulting in inventory levels that don’t match actual demand. Each year, inventory imbalances cost retailers an estimated $1.1 Inventory imbalances happen at a high price to retailers.

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Retalon

FEBRUARY 13, 2018

The result of unreliable projections are inventory imbalances: mistakes in planning, purchasing, and inventory management, resulting in inventory levels that don’t match actual demand. Each year, inventory imbalances cost retailers an estimated $1.1 Inventory imbalances happen at a high price to retailers.

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Retail Next

MARCH 3, 2020

Furthermore, the ever-growing frequency of markdowns also causes overstocking, further exacerbating the problem. The most common solution for this problem is better inventory management which, nowadays, involves better digital documentation, IoT devices and even machine learning solutions.

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Retalon

APRIL 21, 2021

At its most basic, order fulfillment is the combination of steps required to get products into the hands of customers. This includes everything from storing inventory, processing orders, picking stock, shipping packages, and delivering orders to the end consumer. Will you deny returns at a store level? Emphasizing BOPIS.

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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. to optimize inventory for gross margins. In effect, this means a reduction of total inventories, maximized sales, and reduced markdowns. Order fulfillment automation.

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Retalon

OCTOBER 20, 2014

the largest privately owned jewelry retailer in America, has implemented Retalon’s Inventory and Assortment Management solution to maintain product assortment and inventory levels across all channels. Retalon helps us manage them more quickly and accurately than we ever could before.” “Shane Co.’s

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Retalon

OCTOBER 20, 2014

the largest privately owned jewelry retailer in America, has implemented Retalon’s Inventory and Assortment Management solution to maintain product assortment and inventory levels across all channels. Retalon helps us manage them more quickly and accurately than we ever could before.” “Shane Co.’s

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Retalon

JANUARY 20, 2014

The positioning is based on an evaluation of Retalon’s offerings that put its customers’ data to work using predictive analysis which enables users at all levels of organizations to work effectively. For more information visit www.retalon.com or contact Retalon at +1.905.482.9605 or email at info@retalon.com. FREMONT, Calif.–Nov

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M19 Retail

MARCH 17, 2021

MIAMI, FLORIDA March 17, 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 demand planning, is pleased to announce the release of its new merchandise management mobile application (MMA).

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Retalon

NOVEMBER 19, 2018

Are the right products in stock at the right locations/channels to support the shift in demand? Are the current pricing and markdown strategies still the optimal ones based on the new forecast? Predictive Analytics looks at data from across your business and can both answer questions and proactively offer solutions.

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