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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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 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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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 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. This data-driven approach allows retailers to avoid over-ordering or under-stocking, leading to more efficient inventory management and mitigating potential financial losses.

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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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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

JANUARY 7, 2021

Seasonal merchandise planning carries a unique challenge for retailers, as product life cycles are measured in weeks or even days. . This is a problem because retailers plan their inventory months in advance — having almost no window to react to out-of-stocks or an unexpected up-lift in demand.

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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

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?

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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. Meeting sales demand has always been challenging, effective replenishment should mitigate issues that arise from poor planning and allocation. What is replenishment?

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Retalon

JULY 25, 2018

Distributed Order Management. At the Peak. Unified Merchandise Planning. Unified Price, Promotion and Markdown Optimization. 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.

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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

MARCH 4, 2019

Modern retailers take advantage of advanced retail predictive analytics planning solutions. With multiple plans, and several levels of planners, plans may go through lots of re-consolidations, merging, and adding up to the “master plan”. This means that changes to plans are very cumbersome. Inventory Management.

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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). It is an effective way to think about assortment.

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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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Markdowns Inventory Management Accounting Management 41

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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Markdowns Inventory Management Accounting Management 41

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. Why isn’t the current method working?

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Location Inventory Management Markdowns Fulfillment 41

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

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 trillion annually. Key Takeaways.

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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 trillion annually. Key Takeaways.

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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 trillion annually. Key Takeaways.

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Retalon

APRIL 27, 2021

Although e-commerce gets all of the attention, the past two decades of technological change have transformed every aspect of the retail business — from planning, inventory, pricing, and promotions — all the way down to customer service and the in-store experience. to optimize inventory for gross margins.

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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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Retail Next

MARCH 3, 2020

Last year (2019) was undoubtedly the most eventful yet, with a number of major global players announcing plans to reduce the amount of plastic they use and make their packaging more recyclable, including Procter & Gamble, PepsiCo, Nestlé , Unilever , Aldi and Walmart , just to name a few.

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Retalon

OCTOBER 20, 2014

After the initial success with implementation of Retalon Inventory Management system, Shane Co. “We are thrilled to be working with a very creative and innovative team at Shane Co. .” “We are thrilled to be working with a very creative and innovative team at Shane Co. ” About Retalon. .

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Jewelry Inventory Management Markdowns Management 32

Retalon

OCTOBER 20, 2014

After the initial success with implementation of Retalon Inventory Management system, Shane Co. “We are thrilled to be working with a very creative and innovative team at Shane Co. .” “We are thrilled to be working with a very creative and innovative team at Shane Co. ” About Retalon. .

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Jewelry Inventory Management Markdowns Management 32

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

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. About CIO Review.

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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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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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Retalon

AUGUST 16, 2019

So, how can you juggle concerns like forecasting, inventory management, distribution, fulfillment, and more against the growing demand for personalization, all while continuing to create the consistent experience customers expect ? There are, of course, challenges to overcome with real-world and e-commerce personalization.

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Retalon

AUGUST 16, 2019

How can you juggle concerns like forecasting, inventory management, distribution, fulfillment, and more against the growing demand for personalization, all while continuing to create the consistent experience customers expect? There are, of course, challenges to overcome with real-world and e-commerce personalization.

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Retalon

AUGUST 20, 2019

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. – Inventory management. – Merchandise, Assortment, and Store planning. – Price management & optimization.

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Retalon

AUGUST 20, 2019

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. – Inventory management. – Merchandise, Assortment, and Store planning. – Price management & optimization.

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Retalon

AUGUST 2, 2019

Businesses collect more data than ever before and from every aspect of the supply and demand chain—logistics; vendor compliancy/lead times; POS data; inventory levels; traffic cameras; prices; markdowns; consumer behavior; demand forecasts; and more. At best, they give you a dashboard of conditions right now.

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Merchant Services Fulfillment Accounting Markdowns 39

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). About Mi9 Retail.

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