Remove ATS Remove Inventory Turnover Remove Planning Remove Shopping
article thumbnail

Why Data Will Drive the Future of Inventory Management

Retail TouchPoints

While COVID-19 slowed the world down to a standstill, it greatly accelerated the growth of online shopping. Retailers acted with agility, changing the way they planned and managed inventory in a remarkably short time. Tools can enable retailers to connect and correlate all inventory data with external events.

article thumbnail

Survival guide: The keys to resilience and success in tough times

Inside Retail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Miniso’s “good quality with low price” mantra takes off in Southeast Asia

Inside Retail

The 684.6sqm retail space is located in Setia City Mall, one of the largest shopping complexes in Shah Alam. the new store concept, is being touted as a family-friendly shopping experience, featuring a new toy section, with licensed products from well-known brands and Miniso’s own mini family collection. “The Expansion plans.

article thumbnail

Product Substitution: How Savvy Retailers and Manufacturers can Build Supply Chain Resiliency, Reduce Costs and Improve Customer Experiences

Retail TouchPoints

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. For situations in which customers are purchasing a low-end product option to the point of inventory depletion, retailers can substitute an upgrade to the premium option.

article thumbnail

How China’s Missfresh Makes Rapid Grocery Delivery Pay

Retail TouchPoints

The profit margin at grocery has always been razor-thin, and now, with online grocery growing in popularity, retailers must add the costs of picking individual orders and doorstep delivery to their already tight balance sheets. In China small local shops, known as “neighborhood retail,” are big business, generating 1.3 yuan ( $13.89 ).

Grocer 256
article thumbnail

Streamlining Retail Operations With Innovative Tech Solutions

365 Retail

In a business world where customers demand seamless shopping experiences, retailers face intense pressure to keep up. To get started, hiring Kenyatta Computer Services or others should be at the top of your to-do list. They can guide you in the process of switching to smart inventory management systems.

article thumbnail

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. COVID-19 lockdowns accelerated a shift to online shopping that was already well underway. Data Shaping the Future of Inventory Management. by Paula Biste.