Retail TouchPoints

NOVEMBER 17, 2023

Applying this practice, retailers can proactively troubleshoot stockouts and delays to ensure that customers’ orders can still be fulfilled to their satisfaction in a timely manner. In manufacturing, product substitution can be a valuable tool for optimizing inventory management.

Customer Experience 252

Customer Experience Inventory Management Fulfillment Inventory Turnover 252

Retail Focus

AUGUST 8, 2023

Order Fulfillment When outsourcing, retailers can benefit from streamlined inventory management, order processing, and shipping. Third-party logistic experts possess the infrastructure, expertise, and technology required to handle outsourcing order fulfillment with precision.

Loss Prevention 130

Loss Prevention Inventory Management Inventory Turnover Shrinkage 130

Retail Minded

MAY 3, 2023

These scanners use radio waves to read electronic tags on products, allowing quick and accurate inventory location and quantity identification. Streamlined Fulfillment Processes In retail inventory management, fulfillment processes can be a source of costly errors like incorrect order quantities or shipping delays.

Inventory Management 52

Inventory Management Management Fulfillment Inventory Turnover 52

Retail TouchPoints

JUNE 6, 2022

A network of in-house riders ensures orders can quickly be delivered once they’re packed, and the dispatch and packing is all coordinated by AI that monitors inventory levels, gives pickers their tasks and plans routes for riders. You can be more agile, you incur lower costs and you can have better coverage of the population.”.

Grocer 287

Grocer Inventory Turnover Fulfillment Shopping 287

Independent Retailer

AUGUST 1, 2022

Having insufficient stock to fulfill demand results in missed sales, causes reputational damage, and sends customers to competitors. Next-generation analytical and planning tools interpret vast volumes of data so that retailers can predict and react to disruptions before they affect inventory levels. by Paula Biste.

Inventory Management 69

Inventory Management Management Inventory Turnover Supply Chain Management 69

Retalon

FEBRUARY 10, 2022

You may be dealing with a bad inventory if you are continuously having one or more of the following issues: 1. A low rate of inventory turnover. Low demand inventory builds up resulting in overstocks. No room for in-demand inventory . Stagnant inventory is occupying shelf space, in-place of high demand products. .

Inventory Turnover 41

Inventory Turnover Management Inventory Management Dead-Stock 41

Retalon

FEBRUARY 15, 2022

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.

Markdowns 41

Markdowns Inventory Turnover Fulfillment Accounting 41