Customer Experience, Inventory Management and Markdowns

7 Tips for Wholesale Inventory Management

Independent Retailer

DECEMBER 23, 2022

This is why inventory management is key, especially as retailers look to deal with unsold merchandise after the holidays. “Seemingly overnight, shortages are flipping to inventory surpluses in certain categories. . Offer Promotions & Product Markdowns. Donate Excess Inventory. Liquidate Excess Inventory.

Inventory Management

Inventory Management Wholesale Management Markdowns

From Barcodes to Bytes: Retailers Prepare for Next-Generation UPC

Retail TouchPoints

JUNE 26, 2023

Get ready, get excited, retailers and customers alike, the 2D barcode, a compact square label with splotches and spaces that encode up to 350X more data than a traditional UPC (4,000 characters) will have a significant impact on managing the business and delivering better customer experiences. Who doesn’t want that?

Merchant Services

Merchant Services Inventory Management Grocer Customer Experience

Preparing for the Rise in Online Retail Returns

Retail TouchPoints

NOVEMBER 8, 2022

Using AI for search, merchandising and personalization is necessary to deliver a great customer experience and provide consumers with what they want. Optimizing inventory based on trends and historical data means the customer will get the exact item they are looking for. Use Tech to Augment the Customer Experience.

Returns

Returns Markdowns Inventory Management Customer Experience

Webinars

How Retailers Are Transforming Customer Experiences with Data & AI

Turn Payments Into Personalization: Unlock the Value of Transaction Data

MORE WEBINARS

Personalization vs. Consistency in the Retail Customer Experience

Retalon

AUGUST 16, 2019

Not only do you have to decide which metrics are most likely to provide high-value consumer data, but then you must have the resources on hand to analyze it in search of trends that help you to hone your brand strategies and better personalize the retail customer experience. Benefits and Challenges of Personalization.

Customer Experience

Customer Experience Fulfillment Markdowns Consumer

As the Holidays Approach, it’s Time to Rethink Retail Pricing Methodology…and AI Can Help

Retail TouchPoints

DECEMBER 12, 2023

In this kind of shopping environment, how should retailers align their promotions and markdowns for the greatest impact? Keeping in mind as well the need to optimize their supply chain fulfillment to meet consumer delivery expectations while managing parcel carrier costs?

Markdowns

Markdowns Retailing Pricing Promotions Fulfillment

5 Major Retail Digital Transformations to Watch For in 2021

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. Customer experience optimization.

Fulfillment

Fulfillment Markdowns Promotions Returns

How retailers are optimizing and automating their business

Retalon

MARCH 4, 2019

Inventory Management. Traditional inventory management is fragmented silo work that doesn’t take other processes into account. Things are done retroactively or not at all, and any changes made tend to be at a category level, not a SKU level, leading to lost sales and unnecessary markdowns.

Inventory Management

Inventory Management Markdowns Planning Fulfillment

Is Your Fulfillment Strategy Healthy Enough to Keep Pace with Customer Expectations?

Retail TouchPoints

OCTOBER 3, 2023

The desire to ship even ground service from stores to deliver more orders within two business days is another customer experience-focused market driver. This last, critical element (markdown avoidance) is the least fully adopted technique across the retail landscape today.

Fulfillment

Fulfillment Drop-Shipping Markdowns Shipping

4 Critical Steps for Optimizing Omnichannel Order Fulfillment in 2021

Retalon

APRIL 21, 2021

Omnichannel order fulfillment that drives customer experience (and boosts profits). Optimizing your omnichannel fulfillment process requires reducing costs, automating repetitive tasks, and improving your customer experience. no upfront investment into inventory), it may create unforeseen consequences.

Fulfillment

Fulfillment Drop-Shipping Shipping Returns

Key Tips for Leveraging Personalization in the Retail Industry

Retalon

AUGUST 16, 2019

Not only do you have to decide which metrics are most likely to provide high-value consumer data, but then you must have the resources on hand to analyze it in search of trends that help you to hone your brand strategies and better personalize the retail customer experience. Benefits and Challenges of Personalization.

Fulfillment

Fulfillment Customer Experience Markdowns Consumer

Retail AI & Predictive Analytics Blur the Line between Bricks and Clicks

Retalon

AUGUST 20, 2019

This is because today’s competitive advantage in retailing can often come down to the customer experience. Creating a Consistent and Unified Customer Experience. – Inventory management. – Price management & optimization. – Promotions, event and markdowns. – and more.

Fulfillment

Fulfillment Comparison Shopping Markdowns Promotions

Online vs. Offline Retail – Blurring the Line between Bricks and Clicks

Retalon

AUGUST 20, 2019

This is because today’s competitive advantage in retailing can often come down to the customer experience. Creating a Consistent and Unified Customer Experience. – Inventory management. – Price management & optimization. – Promotions, event and markdowns. – and more.

Fulfillment

Fulfillment Comparison Shopping Markdowns Promotions

Predictive Analytics Brings Retailers Closer To Omni-Channel Customers

Retalon

JULY 4, 2018

Building a Truly Seamless Customer Experience: In an Annual Supply Chain Benchmark Survey conducted by Boston Retail Partners, the group found that more than 62% of retailer respondents indicated providing a seamless customer experience is a top company initiative.

Promotions

Promotions Fulfillment Shipping Markdowns

Beyond the hype: What retailers can do with GenAI today

Inside Retail

JUNE 20, 2023

GenAI can adapt pricing strategies and offers to customers by analysing market data, competitive pricing and consumer behaviour. By adjusting prices in real time based on this analysis, retailers can increase revenue, reduce markdowns, and remain competitive in a constantly changing market. Airlines have been doing this for years.

Markdowns

Markdowns Inventory Management Marketing Promotions

How RFID Powers Retail: Past, Present and Future

Retail TouchPoints

FEBRUARY 12, 2021

Retail companies committed to improving the customer experience have realized they need to stop relying on inventory buffers to ensure items are in stock when they need them. The lack of digitization in the supply chain coupled with unpredictable demand makes inventory management chaotic at best.

Fulfillment

Fulfillment Markdowns Inventory Management Customer Experience

The Order Fulfillment Process in 2022 and Beyond

Retalon

DECEMBER 8, 2021

Many cope by using generalized approaches for allocation like category-level inventory management. Knowing demand at SKU/store level means that inventory is allocated to the customer’s closest location. In the next stage – order processing, fulfillment systems receive the customer’s order from the e-commerce system.

Merchant Services

Merchant Services Fulfillment Drop-Shipping Shipping

The Serious Retailer’s Guide to Omnichannel Ecommerce Strategy (2023)

Retalon

AUGUST 14, 2023

Customers get the same high-quality experience regardless of how and where they engage with the brand. Inventory management, order fulfillment, and sales data are integrated in one centralized system instead of siloed by channel. Omnichannel strategy ensures alignment of messaging and customer experience.

Markdowns

Markdowns Customer Experience Shopping Planning

12 Critical Retail Industry Performance Metrics (2020)

Retalon

AUGUST 5, 2020

Throughout the history of retail, success and failure has come down to how well a company manages — and profits from — its inventory investment. Inventory management teams calculate the In-Stock Percentage by dividing the number of stores that have a SKU in stock by the number of stores that should stock that SKU.

Inventory Turnover

Inventory Turnover Promotions Merchant Services Markdowns

Experience Retail Today

7 Tips for Wholesale Inventory Management

From Barcodes to Bytes: Retailers Prepare for Next-Generation UPC

Webinars

Trending Sources

Preparing for the Rise in Online Retail Returns

Webinars

Personalization vs. Consistency in the Retail Customer Experience

As the Holidays Approach, it’s Time to Rethink Retail Pricing Methodology…and AI Can Help

5 Major Retail Digital Transformations to Watch For in 2021

How retailers are optimizing and automating their business

Is Your Fulfillment Strategy Healthy Enough to Keep Pace with Customer Expectations?

4 Critical Steps for Optimizing Omnichannel Order Fulfillment in 2021

Key Tips for Leveraging Personalization in the Retail Industry

Retail AI & Predictive Analytics Blur the Line between Bricks and Clicks

Online vs. Offline Retail – Blurring the Line between Bricks and Clicks

Predictive Analytics Brings Retailers Closer To Omni-Channel Customers

Beyond the hype: What retailers can do with GenAI today

How RFID Powers Retail: Past, Present and Future

The Order Fulfillment Process in 2022 and Beyond

The Serious Retailer’s Guide to Omnichannel Ecommerce Strategy (2023)

12 Critical Retail Industry Performance Metrics (2020)

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