Retail TouchPoints
JUNE 26, 2023
It’s hard to believe that the invention of the UPC — first used by railroads almost 100 years ago and then introduced to speed grocery checkout lines back in 1974 — hasn’t changed. Walmart mandated that its suppliers put it on products by 2022, which has made a big impact on RFID adoption. Doesn’t that sound amazing?!
Retalon
APRIL 27, 2021
to optimize inventory for gross margins. In effect, this means a reduction of total inventories, maximized sales, and reduced markdowns. More importantly, an analytics-driven retailer no longer reacts to sales and inventory reports, but instead proactively optimizes its business. check out their story here).
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Retalon
SEPTEMBER 22, 2021
At checkout, the shopper would have multiple fulfillment options to select from – including BOPIS. Better inventory management and visibility. Retailers need better inventory management practices to conduct BOPIS operations but at the same time, BOPIS makes your inventory management better.
Retail TouchPoints
FEBRUARY 12, 2021
The lack of digitization in the supply chain coupled with unpredictable demand makes inventory management chaotic at best. Retail companies must collaborate with their partners to gain a full understanding of what will be available in their inventories to sell over the next four to six months.?
V Count
OCTOBER 5, 2022
When possible, avoid markdowns because they are good for decreasing profits. Initially, work on a better inventory management system. You will be able to sell more products and minimize the need for markdowns because of these better judgments regarding purchases, sales, and marketing. How do you accomplish that?
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