article thumbnail

10 Finance Tips All Retailers Should Follow

Retail Next

If you aren’t good with finances or are simply strapped for time, hire a bookkeeper to track your finances. The ability to easily track inventory also greatly streamlines the process of inventory management, since you’ll instantly know when stock is low on a popular item, or see which items simply aren’t selling.

Finance 59
article thumbnail

Stop out of stocks denting your profits this holiday season

I Vend

Inventory management – ‘the right goods, in the right place, at the right time’ sums up the core of retail. So inventory management is essential. Retail technology can streamline inventory management by enabling retailers to accurately track goods from delivery to sale through to returns.

article thumbnail

The Rise of AI in Retail: Transforming the Industry Online, In-Store, and Socially

365 Retail

AI has the potential to revolutionize various sectors, including healthcare, education, finance, transportation, agriculture and of course, retail. Predictive analytics, another AI-driven tool, has been instrumental in helping retailers optimize their inventory management and pricing strategies.