Remove Fulfillment Remove Inventory Turnover Remove Markdowns Remove Planning
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Top 3 Challenges in Demand Forecasting, and How Analytics Solves Them (2022)

Retalon

The forecast of future sales demand informs almost all of the decisions a retailer makes throughout the product journey: Planning. What’s more, you’re able to buy enough inventory to meet demand without being left with overstock. Planning inventory based on sales history depends on a logical approximation. Let’s find out.

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7 Indicators You’re Managing Bad Inventory (and How to Fix It)

Retalon

Indicators you’re managing bad inventory. You may be dealing with a bad inventory if you are continuously having one or more of the following issues: 1. Drastic Markdowns. Last minute markdowns that offload stock at a loss. A low rate of inventory turnover. No room for in-demand inventory .

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4 Top Inventory Management Techniques and Best Practices

RETAIL MANAGEMENT SOFTWARE

Check data and reports regularly – Consistently checking data will give you a good idea of how your inventory is performing overall. Plan before buying your inventory- Use your data to determine what you should order. Maximize inventory turnover- Increase turn rate to move product gradually through the purchasing cycle.

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12 Critical Retail Industry Performance Metrics (2020)

Retalon

Jump Ahead Most Important KPIs for the Retail Industry in 2020 Examples of Retail KPIs that Maximize Inventory ROI 1. Inventory Turnover Ratio 3. Merchants and inventory analysts must be aware of how well they are getting their products to the stores. Inventory Turnover Ratio. In-Stock Percentage 2.