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The Human Element: People Skills in Inventory Management

Retail Smart Guys

When it comes to inventory management, it’s easy to get lost in spreadsheets, logistics, and technology. People skills in inventory management play a pivotal role in ensuring the efficient flow of goods, maintaining team morale, and fostering strong customer relationships.

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Different Things to Consider Outsourcing in Your Retail Business (and Why)

Retail Focus

Order Fulfillment When outsourcing, retailers can benefit from streamlined inventory management, order processing, and shipping. This can lead to increased conversions and higher customer retention rates. This leads to improved inventory turnover and reduced instances of overstock or stockouts.

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Stepping into the future: Bata Thailand’s dynamic transformation unveiled

Inside Retail

To gain deeper insights into this transformative journey, we spoke with Wilasinee Parnurat, the country manager and managing director of Bata Thailand. This omnichannel platform is powered by a centralised inventory management automation tool.

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7 Retail Operations You Must Manage Effectively

RETAIL MANAGEMENT SOFTWARE

Managing retail operations holistically means focusing on each aspect of the business and managing each essential element of the operation effectively and efficiently. Budgeting – Managing retail operations successfully is about managing expenses and creating realistic sales targets.

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Survival guide: The keys to resilience and success in tough times

Inside Retail

Set benchmarks for inventory management, including the rate of inventory turnover and tracking and fill rate. Take the opportunity to review team responsibilities and assess whether the business has got the right eople in the right positions, or if their skills and knowledge can be better used to keep operations lean.

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7 Retail Operations You Must Manage Effectively

RETAIL MANAGEMENT SOFTWARE

Managing retail operations holistically means focusing on each aspect of the business and managing each essential element of the operation effectively and efficiently. Budgeting – Managing retail operations successfully is about managing expenses and creating realistic sales targets.

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Rethinking Returns: Innovative Strategies for Retailers to Drive Growth in 2024

Retail TouchPoints

From here, retailers can identify trends that lead to repeat purchases and higher satisfaction, powering return processes that are both efficient and aligned with customer preferences. So why do customers delay returns? Operational aspects of returns are just as crucial.

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