article thumbnail

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

Retail TouchPoints

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 269
article thumbnail

Personalization vs. Consistency in the Retail Customer Experience

Retalon

How can you juggle concerns like forecasting, inventory management, distribution, fulfillment, and more against the growing demand for personalization, all while continuing to create the consistent experience customers expect? From a Customer side, nobody likes being bombarded by ads & products they don’t want or need.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Key Tips for Leveraging Personalization in the Retail Industry

Retalon

So, how can you juggle concerns like forecasting, inventory management, distribution, fulfillment, and more against the growing demand for personalization, all while continuing to create the consistent experience customers expect ? From a Customer side, nobody likes being bombarded by ads & products they don’t want or need.

article thumbnail

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

Retalon

What do consumer purchasing habits look like, and how streamlined is your fulfillment process? You can also beef up fulfillment options so that customers can pick-up in local stores or ship directly from other stores, mirroring the convenience of online ordering. – Promotions, event and markdowns. – and more.

article thumbnail

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

Retalon

What do consumer purchasing habits look like, and how streamlined is your fulfillment process? You can also beef up fulfillment options so that customers can pick-up in local stores or ship directly from other stores, mirroring the convenience of online ordering. – Promotions, event and markdowns. – and more.

article thumbnail

5 Vital Considerations for Big Data Analytics in Retail

Retalon

Prices (markdowns, promotions, competitor prices, etc.). Consider the way retailers traditionally forecast fulfillment. Add in a final fly-by-your-gut manual tweak and the fulfillment forecast would be ready. POS data (sales, returns, etc.). Inventory levels (store, warehouse, distribution centers). Demand forecasts.

article thumbnail

Press Release: enVista brings Retalon’s AI to their Unified Commerce Solutions.

Retalon

Combining Retalon’s artificial intelligence (AI) and predictive analytics tools with enVista’s cloud-native, Order Management System (OMS) will offer retailers an integrated solution to make smarter inventory and fulfillment decisions, resulting in increased revenue and profits. About Retalon: . appeared first on Retalon.