Retalon

AUGUST 22, 2023

One of the key inventory metrics retailers track is inventory turnover. Inventory turnover measures how many times a company sells and replaces its inventory during a period. It indicates how efficiently inventory is managed and whether excess inventory is tying up too much capital.

Inventory Turnover 41

Inventory Turnover Specialty Retailers Apparel Inventory Management 41

Inside Retail

FEBRUARY 26, 2024

There are several economic factors playing havoc with consumers and business operations that are likely to persist into 2024. Consumer sentiment remains low as households stagger under higher costs of living and interest rates. Set benchmarks for inventory management, including the rate of inventory turnover and tracking and fill rate.

Inventory Turnover 147

Inventory Turnover Supply Chain Management Customer Retention Inventory Management 147

Retail TouchPoints

FEBRUARY 28, 2024

Analysis-ready models eliminate the need for manual data engineering, science and analysis, all of which can be time-consuming and prone to error. Different departments can collaborate more easily and work toward a common understanding of the data, promoting better decision-making.

Inventory Turnover 254

Inventory Turnover Supply Chain Management Store Layout Marketing 254

Retail Gazette

FEBRUARY 22, 2024

According to recent studies, over 70% of consumers expect personalised experiences when interacting with retailers online. AI algorithms can accurately predict demand and adjust inventory levels in real time by analysing historical sales data, market trends, and external factors such as weather patterns and economic indicators.

Inventory Management 122

Inventory Management Checkout Inventory Turnover Promotions 122

Retail TouchPoints

NOVEMBER 17, 2023

Market conditions are dynamic, and consumer preferences change — retailers and manufacturers need to adapt to these factors quickly. Product substitution capabilities ensure they can respond to demand shifts, consumer trends and emerging technologies. Using substitution tactics, retailers can recalibrate inventory levels.

Customer Experience 264

Customer Experience Inventory Management Fulfillment Inventory Turnover 264

Retail Focus

AUGUST 8, 2023

Payroll Processing Handling payroll intricacies can be time-consuming and complex for retailers. Outsourcing inventory management to experts can optimize stock levels, monitor product trends, and ensure timely replenishments. This leads to improved inventory turnover and reduced instances of overstock or stockouts.

Loss Prevention 130

Loss Prevention Inventory Management Inventory Turnover Shrinkage 130

DMS Retail

JANUARY 29, 2024

To achieve this, thorough analysis of sales data, trends, and inventory levels is essential for effective inventory management. By optimizing stock levels and reducing overstock and stockouts, retailers can enhance inventory turnover and reduce carrying costs. This adaptability ensures retailers stay ahead of the curve.

Management 40

Management Inventory Turnover Promotions Inventory Management 40