Retail TouchPoints

NOVEMBER 17, 2023

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. Retailers can expect that customers will turn to other vendors; once this happens, they’ve lost both the sale and the customer’s trust and loyalty.

Customer Experience 260

Customer Experience Inventory Management Fulfillment Inventory Turnover 260

Retail Focus

AUGUST 8, 2023

Order Fulfillment When outsourcing, retailers can benefit from streamlined inventory management, order processing, and shipping. Third-party logistic experts possess the infrastructure, expertise, and technology required to handle outsourcing order fulfillment with precision.

Loss Prevention 130

Loss Prevention Inventory Management Inventory Turnover Shrinkage 130

Retalon

FEBRUARY 15, 2022

Price elasticity of demand, meaning the effect that a set price will have on demand, is an important consideration when setting prices, running promotions, or markdowns. Customer experience. Advanced analytics ensure your stores have the product your customers want when they are ready to buy. Increased inventory turnover.

Markdowns 41

Markdowns Inventory Turnover Fulfillment Accounting 41

Retalon

AUGUST 5, 2020

How effective are their promotional campaigns? Jump Ahead Most Important KPIs for the Retail Industry in 2020 Examples of Retail KPIs that Maximize Inventory ROI 1. Inventory Turnover Ratio 3. Promotions Uplift Retail KPIs that Answer Questions About Customer Behavior 8. Inventory Turnover Ratio.

Inventory Turnover 41

Inventory Turnover Promotions Merchant Services Markdowns 41

I Vend

SEPTEMBER 10, 2023

For example it enables effective marketing – using the POS for customer data tracking and to gather insights that inform and feed into creating promotions that will drive revenue and profit. This level of flexibility reduces lost sales, maximises inventory turnover and increases customer satisfaction along with revenue and profit.

Point of Sale 111

Point of Sale Inventory Turnover Management Inventory Management 111