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4 Top Inventory Management Techniques and Best Practices

RETAIL MANAGEMENT SOFTWARE

Offering discounts and promotions are effective methods for moving stagnant inventory through the purchase cycle. Utilize drop shipments to avoid excess inventory on hand – Drop-shipping products allow you transfer customer orders directly to the manufacturer.

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Top 3 Challenges in Demand Forecasting, and How Analytics Solves Them (2022)

Retalon

When Inventory is proactively allocated among locations to meet demand, customers are not repeatedly met with empty shelves pushing them to other retailers. Order fulfillment becomes more efficient; meeting consumer expectations by enabling lower shipping costs, faster fulfillment, and a greater variety of fulfillment options.