Retail TouchPoints

JULY 13, 2020

Inventory management starts — and only starts — with a warehouse management system (WMS). In practice, most out-of-box WMSs are not capable of managing the volume and complexity of workloads required in today’s retail environment. Valentyn Kropov is VP of Client Success at SoftServe , specializing in the retail industry.

Inventory Management 150

Inventory Management Management Promotions Customer Experience 150

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.

Inventory Management 41

Inventory Management Management Dead-Stock Inventory Turnover 41

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 264

Department Stores Inventory Management Planning Returns 264

Retail Smart Guys

NOVEMBER 3, 2023

Timing is Everything: When to Begin Inventory Planning Inventory planning is the backbone of successful retail operations. It’s the art and science of ensuring that your store has the right products in the right quantities at the right time. When it comes to seasonal goods, you need to think well in advance.

Planning 52

Planning Inventory Management Promotions Shipping 52

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 253

Customer Experience Inventory Management Fulfillment Inventory Turnover 253

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. Zebra’s Workcloud is split into three solutions, (each formerly branded Reflexis).

Inventory Management 299

Inventory Management Promotions Management Shipping 299

Retail TouchPoints

JANUARY 6, 2023

Consumers are a little more cautious,” said Steve Rogers, Managing Director at Deloitte in an interview with Retail TouchPoints. “ The challenge for retailers is understanding where their customers will be six months from now and positioning their inventories, promotional plans and overall business outlook accordingly.

Payment Services 339

Payment Services Promotions Consumer Inventory Management 339

Retail Smart Guys

DECEMBER 6, 2023

In the ever-evolving world of retail, one thing remains constant – the power of promotions to captivate shoppers and boost sales. Whether it’s the allure of clearance sales, the excitement of flash sales, or the intrigue of buy-one-get-one deals, retail promotions are an essential tool in any retailer’s arsenal.

Promotions 52

Promotions Inventory Management Returns Marketing 52

Retail TouchPoints

OCTOBER 6, 2023

Accurate demand forecasting is the bedrock of efficient inventory management — a vital logistics function that should be operating at peak performance levels during the holiday shopping season when consumers expect the inventory they want to be available. 1: Demand forecasting. 2: Order cycle time. 4: Return rates.

Fulfillment 288

Fulfillment Returns Shipping Promotions 288

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.

Inventory Management 249

Inventory Management Telecommunications Location Marketing 249

Retail Smart Guys

SEPTEMBER 20, 2023

By creating a structured maintenance checklist, you can ensure that every aspect of your store is well-maintained, promoting a positive shopping experience and maximizing profitability. Plan for repairs or repaint as necessary. Stock Levels: Regularly check inventory levels and reorder products as needed.

Inventory Management 105

Inventory Management Promotions Management Planning 105

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?

ATS 202

ATS Supermarket Promotions Inventory Management 202

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 98

Checkout Inventory Management Payment Services Returns 98

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.

Inventory Turnover 147

Inventory Turnover Supply Chain Management Customer Retention Inventory Management 147

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 148

Inventory Management Supply Chain Management Shipping Planning 148

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.

Inventory Management 40

Inventory Management Management Location Promotions 40

Retail TouchPoints

MAY 30, 2023

In 2022, a National Retail Federation/Prosper Insights and Analytics survey indicated that 56% of consumers had started their BTS shopping by early July, with 81% planning to shop sales the week of July 11. I think that the back-to-school season target audience has expanded,” said Matthew Katz, Managing Partner at SSA & Co.

Shopping 260

Shopping Consumer Planning Inventory Management 260

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.

Merchant Services 262

Merchant Services Payment Services Promotions Location 262

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. An earlier start – no fewer than four separate surveys (by LTK **, Radial , Bazaarvoice * and Celigo +) all found that shoppers are planning on starting their gift buying before Black Friday and Cyber Monday.

Checkout 98

Checkout Inventory Management Payment Services Returns 98

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 264

Inventory Management Grocer Consumer Planning 264

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.

Payment Services 239

Payment Services Apparel Inventory Management Department Stores 239

Wiser

JULY 31, 2023

In the competitive world of retail, ensuring your products are in the right place at the right time can mean the difference between profit and loss. In addition, seasonal or promotional items that are not set up in time can result in lost sales and excess inventory that may need to be marked down, affecting your bottom line.

Store Layout 145

Store Layout Promotions Customer Experience Inventory Management 145

Inside Retail

FEBRUARY 23, 2023

Unsurprisingly, we’ve seen this being reflected in the positive feedback received from consumers […] at our Ion store.” This market has long been key to the Levi’s East Asia Pacific expansion plans. Leveraging data and AI has also played a role in optimising promotions and improving inventory management.

Inventory Management 246

Inventory Management Apparel Management Consumer 246

Retail TouchPoints

MAY 9, 2023

retailers plan to use technology and automation for their critical behind-the-scenes work, like inventory, orders, payroll and invoicing — as well as for more customer-focused needs like communications, marketing, loyalty and checkout. Creating a seamless inventory management journey.

Payment Services 274

Payment Services Inventory Management Marketing Checkout 274

Retail TouchPoints

JANUARY 13, 2023

Introduce buyers to the right product at the right time. What’s more, merchandising rules enable ecommerce sites to rank how items appear in a gallery, banner or carousel, to promote and demote products and, in turn, improve your business metrics. Proper inventory management and trend analysis help to forecast supply and demand.

Returns 277

Returns Consumer Inventory Management Customer Experience 277

CJ Retail Solutions

DECEMBER 11, 2023

Incorporating digital signage for promotions 6.2 Integrating point-of-sale and inventory management systems Customer Comfort and Convenience 7.1 Planning for periodic updates to keep the store current 10.3 Incorporating digital signage for promotions 6.2 Planning for periodic updates to keep the store current 10.3

Inventory Management 52

Inventory Management Point of Sale Store Layout Customer Experience 52

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. These services promote ecommerce businesses and brands.

Fulfillment 314

Fulfillment Shipping Inventory Management Management 314

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.

Payment Services 52

Payment Services Inventory Management Point of Sale Fulfillment 52

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 252

Payment Services Inventory Management Promotions Checkout 252

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 189

Outdoor Markdowns Apparel Fulfillment 189

Retail TouchPoints

JULY 14, 2023

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. ChatGPT, for instance, understands natural language queries and can provide relevant product recommendations in real time.

Fulfillment 218

Fulfillment Dead-Stock Customer Experience Inventory Management 218

Retail Gazette

OCTOBER 12, 2023

We’ve partnered with several retailers keen to streamline how goods are arriving at their warehouses. 2) Interrogate the accuracy of supply chain data Being able to accurately track stock is crucial to the success of inventory management. Will they throw caution to the wind and splash out at Christmas?

Payment Services 52

Payment Services Inventory Management Fulfillment Returns 52

Retail TouchPoints

MAY 18, 2021

To help build this awareness, a merchant should promote its subscription service throughout its site. By offering subscription enrollment on product display pages, shopping carts and more, merchants give shoppers the opportunity to notice and enroll at multiple points in their buying journey. Offer Valuable Incentives.

Merchant Services 150

Merchant Services Shipping Promotions Payment Services 150

Retail Focus

JANUARY 12, 2023

But, of course, that has many downsides, such as cost, workforce planning, etc. Sales automation can also offer promotions and upsells tailored explicitly towards each customer and presented opportunistically. Inventory Management. However, to do that, the system needs to be operable 24/7 throughout the entire year.

Payment Services 130

Payment Services Inventory Management Returns Checkout 130

Retail TouchPoints

NOVEMBER 18, 2021

Last year, COVID-19 lockdowns that restricted shopping at brick-and-mortar stores sent shoppers online. Recent data shows that people plan to buy more gifts and spend more money than they did in 2020. billion for the first time, according to Adobe Analytics. Why Being a ‘Real-Time’ Retailer is More Important Than Ever Before.

Supply Chain Management 250

Supply Chain Management Fulfillment Shipping Inventory Management 250

Retail Minded

OCTOBER 2, 2023

UPS utilizes route optimization software to plan the most efficient delivery routes, reducing fuel consumption and delivery times. Patagonia, an outdoor clothing retailer, focuses on sustainability by using recycled materials, reducing waste, and promoting ethical sourcing.

Supply Chain Management 52

Supply Chain Management Management Inventory Management Outdoor 52

Wiser

DECEMBER 18, 2023

In the online world, it’s not about physical space, but rather visibility on search results, category pages, and promotional spaces. Optimize Marketing Efforts: DSOS can help you measure the effectiveness of your marketing and promotional campaigns, helping you to finetune your strategies for a better return on investment.

Promotions 139

Promotions Management Inventory Management Marketing 139