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

Retail TouchPoints

Shipping delays and stockouts lead to frustration and disappointment, especially when logistical problems impact time-sensitive purchases, such as special occasion gifts, event tickets or prescription medications. Using substitution tactics, retailers can recalibrate inventory levels.

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

Inside Retail

This instability, together with increased gas and energy prices, has affected shipping costs. Set benchmarks for inventory management, including the rate of inventory turnover and tracking and fill rate. Unstable political environments in Europe and the Middle East can disrupt supply chains. per cent and 1.8

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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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How the Supply Chain Disruption Is Sparking Holiday Risk & Resilience

Rangeme

Unanimously, they said supply chain disruption will affect the upcoming holiday season “significantly or somewhat” and it will last at least through 2022. Shipping delays. Trans-Pacific cargo ships face bottlenecks in major ports like Los Angeles, and these shipping delays threaten access to merchandise.

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Top 3 Challenges in Demand Forecasting, and How Analytics Solves Them (2022)

Retalon

What’s more, you’re able to buy enough inventory to meet demand without being left with overstock. Inventory/supply chain. Demand forecasting at store/SKU levels leads to better allocation of inventory across the entire business from the start. Let’s take a look at what those are. Increased inventory turnover.