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Five Best Practices In Retail Inventory Management

Retail Minded

Retailers know that inventory management is time-consuming and can pose difficulties. Thanks to technology-enabled best practices, managing inventory is easier than ever. These mistakes can lead to dissatisfied customers and expensive returns, making it critical to have streamlined and efficient processes.

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4 Top Inventory Management Techniques and Best Practices

RETAIL MANAGEMENT SOFTWARE

These items need to be replaced and either returned to the vendor or donated. It is essential to keep non-sellable products separated from your regular inventory. Offering discounts and promotions are effective methods for moving stagnant inventory through the purchase cycle.

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How the Supply Chain Disruption Is Sparking Holiday Risk & Resilience

Rangeme

While retailers and consumer packaged goods (CPG) suppliers have had to grapple with COVID-19 and digital transformation, now they must also manage reduced capacity along the global supply chain, hampering holiday sales success. Shipping delays. Today’s top supply chain risks. Source: SEI. 2 Unglesbee, Ben. 2 Unglesbee, Ben.