Remove Finance Remove Inventory Management Remove Planning Remove Point of Sale
article thumbnail

Guarding the Retail Fortress: Cybersecurity Challenges and Network Interruption Risks

Retail TouchPoints

The Evolving Threat Landscape Retailers increasingly rely on digital platforms for sales, inventory management and customer engagement. A network outage can mean lost sales in the short term, as shoppers simply move to another brand for that purchase, or losses in the long term if that customer does not return.

article thumbnail

Laying the Operational Foundation for Autonomous Stores

Retail TouchPoints

Turning Insights into Action The first step is to establish an internal task force comprised of technology, business, finance and operations representatives. This change is necessary to provide the real-time data that powers the robots and automation tools that are central to retailers’ inventory management.

Insiders

Sign Up for our Newsletter

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

article thumbnail

The Best Mother’s Day Gift for Mompreneurs

Retail Smart Guys

Inventory Management: Keeping track of inventory levels, managing orders, and processing returns can be time-consuming and requires much attention to detail. We offer various ways to help mothers who are also independent retailers manage their businesses more effectively and efficiently.

article thumbnail

Navigating Seasonal Sales Cycles: Maximizing Revenue Opportunities for Small Retail Businesses

Rain Pros

As an entrepreneur with a company that experiences seasonal cash flow, planning ahead for off-season slumps is crucial to managing your operating costs and building a sustainable business. This article explores how to navigate seasonal sale cycles for small retail businesses and maintain sound fiscal health during seasonal shifts.

article thumbnail

How to Survive the Post-Holiday Ecommerce Slump

Retail Bound

If you have been in businesses a few years now, you may be starting to grasp a better understanding of how the holidays impact your sales. Whether you are new to business or established, eCommerce holiday planning and readiness is important. Tips to Prepare for the Post-holiday Slump in Sales.

article thumbnail

The gift of inventory management this holiday season

I Vend

We can see the importance of inventory management during the three key stages of the holiday season: Preparation – before the holiday season rush, retailers need to plan and forecast to ensure they know what is most likely to sell, via which channel and in which stores. . weeks, down from a pre-pandemic shopping season of 7.4

article thumbnail

Retail POS technology for streamlined retail operations

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.