Remove ATS Remove Inventory Turnover Remove Planning Remove Returns
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Miniso’s “good quality with low price” mantra takes off in Southeast Asia

Inside Retail

“The dedicated toy section allows every Miniso customer to experience the immense fun and joy brought about by our toys, while enjoying the treasure hunt shopping experience in our store,” said Vincent Huang, VP of the international business department at Miniso in a statement. Expansion plans. Backend intelligence.

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How to Revolutionize Inventory Management

Independent Retailer

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.

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7 Indicators You’re Managing Bad Inventory (and How to Fix It)

Retalon

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.

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4 Top Inventory Management Techniques and Best Practices

RETAIL MANAGEMENT SOFTWARE

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.

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Taking the Mystery Out of Markdowns

Retail Adventures

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.

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5 Good Reasons Your Gas Station Should Leverage People Counters

V Count

Opting for people counting and combining this data with other solutions will help you drive more business than ever and take the next step in ensuring customers return to your establishment. Plan Staff Schedule According to Rush Hours. This data can also be used to empty inventory or make the best out of a poorly performing product.

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Understanding Furniture Inventory Management Software in 2023

Retalon

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.