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. What is bad inventory called? What is bad inventory called day-to-day? Indicators you’re managing bad inventory. Drastic Markdowns.

Inventory Turnover 41

Inventory Turnover Management Inventory Management Dead-Stock 41

Independent Retailer

AUGUST 1, 2022

Next-generation analytical and planning tools interpret vast volumes of data so that retailers can predict and react to disruptions before they affect inventory levels. Retailers had to revolutionize inventory and planning when the pandemic hit, and many businesses are still finding their feet in the post-pandemic economy.

Inventory Management 69

Inventory Management Management Inventory Turnover Supply Chain Management 69

RETAIL MANAGEMENT SOFTWARE

MARCH 11, 2022

Tracking your inventory will provide you with the data necessary for these insights. 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. Plan before buying your inventory- Use your data to determine what you should order.

Inventory Management 92

Inventory Management Management Inventory Turnover Drop-Shipping 92

Retail Adventures

JANUARY 20, 2021

Just because you fell in love with that item when you saw it at the last trade show you attended it doesn’t guarantee it will sell once it hits your sales floor. And when it doesn’t you need a plan to get rid of it so you can buy fabric that will sell. To improve your turn rate you must closely control your inventory.

Markdowns 98

Markdowns Inventory Turnover Returns Planning 98

Retalon

FEBRUARY 24, 2022

Buying too little reduces sales — and the cash you need for more inventory. Open to buy (OTB) planning lets you control inventory and stay cash flow positive. Other benefits of OTB management include: More flexible inventory. Where you started is simple: it is the planned inventory at the beginning of the sales period.

Markdowns 41

Markdowns Inventory Turnover Accounting Planning 41

Retalon

FEBRUARY 15, 2022

The forecast of future sales demand informs almost all of the decisions a retailer makes throughout the product journey: Planning. What’s more, you’re able to buy enough inventory to meet demand without being left with overstock. Inventory/supply chain. Let’s take a look at what those are. The dynamic nature of retail.

Markdowns 41

Markdowns Inventory Turnover Fulfillment Accounting 41

V Count

JANUARY 11, 2023

For instance, popular coffee franchises now deploy automated drink makers at gas stations; you can use zone analytics to see how popular these machines are and use queue management to understand if potential customers are driven away because of long lines. Plan Staff Schedule According to Rush Hours.

Inventory Turnover 40

Inventory Turnover Promotions Customer Experience Planning 40

Retalon

AUGUST 14, 2023

Does your retail business struggle with outdated inventory systems and cumbersome spreadsheets? 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.

Inventory Management 41

Inventory Management Management Dead-Stock Inventory Turnover 41

Rangeme

DECEMBER 16, 2021

Unanimously, they said supply chain disruption will affect the upcoming holiday season “significantly or somewhat” and it will last at least through 2022. As contingency plans, more executives are finding new vendor partners and sourcing domestically to keep their supply chains closer to home. 1 Unglesbee, Ben. Retail Dive.

Dead-Stock 52

Dead-Stock Shipping Beauty and Health Inventory Turnover 52

Retalon

FEBRUARY 15, 2024

The global AI in retail market’s revenue share from predictive analytics-driven programmatic advertising and market forecasting stood at 33.1% in 2022, hinting at the burgeoning reliance on these sophisticated tools. Step 6: Enhance Sales Forecasting Accurate sales forecasting is quintessential for strategic retail planning.

Inventory Management 41

Inventory Management Management Marketing Inventory Turnover 41

Shopper Motion

DECEMBER 16, 2020

They also contribute to the profitability of the company by fostering sales via marketing and in-store promotions and they manage everything related to product inventory, either they order new items or try to improve the speed of inventory turnover. Distribution of shopping missions during a week. Conversion funnel. Conclusion.

Management 52

Management Promotions Inventory Turnover Supermarket 52

Retalon

AUGUST 5, 2020

Is the right product getting to the right place at the right time? But of the myriad options, what are the KPIs in retail that will truly drive profitability and make the best use of a retailer’s substantial inventory investment? Inventory Turnover Ratio 3. Inventory Turnover Ratio. Inventory Turnover Ratio.

Inventory Turnover 41

Inventory Turnover Promotions Merchant Services Markdowns 41