Retalon

JUNE 11, 2021

While optimizing a retail supply chain for efficiency and reduction of waste requires careful planning and consideration, machine learning and predictive analytics technology have changed the rules of the game. Refusing returns is likely to reduce e-commerce sales. Reducing fulfillment options decreases the level of customer service.

Fulfillment 41

Fulfillment Drop-Shipping Markdowns Returns 41

Retalon

APRIL 27, 2021

Although e-commerce gets all of the attention, the past two decades of technological change have transformed every aspect of the retail business — from planning, inventory, pricing, and promotions — all the way down to customer service and the in-store experience. Order fulfillment automation.

Fulfillment 41

Fulfillment Markdowns Promotions Returns 41

Retalon

SEPTEMBER 22, 2021

A retail fulfillment process that is known as BOPIS — Buy Online, Pickup In-Store. During the pandemic, BOPIS retail fulfillment options kept businesses running while limiting person-to-person contact – which was essential during the pandemic. BORIS (Buy Online Return In-Store): Concentrates on reverse logistics.

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41

Retalon

APRIL 14, 2021

Creating a product assortment strategy is necessary for retailers to have a holistic, long-view plan of their business. And it needs to fit into your retail planning process to ensure you’re still hitting your financial and inventory targets. Everything you need to know about product assortment strategy.

Markdowns 41

Markdowns Planning Location Accounting 41

Retalon

MARCH 2, 2021

That’s why fashion retail planning and analytics software needs to be unique and specific to fashion, with the ability to break down business considerations even further than that. What fulfillment methods are you offering? How do you handle returns? Run a promotion last year that you don’t plan for this year?

Fashion 41

Fashion Markdowns Promotions Accounting 41

Retalon

FEBRUARY 10, 2022

Drastic Markdowns. Last minute markdowns that offload stock at a loss. A large portion of your budget goes toward planning, storing, transporting and managing unsold inventory. Inventory storage, overstock management, ROI lost to markdowns, even lost sales due to stockouts, are all tangible costs of bad inventory.

Inventory Turnover 41

Inventory Turnover Management Inventory Management Dead-Stock 41

RETAIL MANAGEMENT SOFTWARE

MARCH 11, 2022

Plan before buying your inventory- Use your data to determine what you should order. It is beneficial to exhaust your resources first, so you don’t end up with the excess products in one store that you eventually have to markdown. These items need to be replaced and either returned to the vendor or donated.

Inventory Management 93

Inventory Management Management Inventory Turnover Drop-Shipping 93

Retalon

AUGUST 20, 2019

Plus, going into a retail store significantly reduces the potential for returns and increases upsell opportunities. What do consumer purchasing habits look like, and how streamlined is your fulfillment process? – Merchandise, Assortment, and Store planning. – Promotions, event and markdowns. – and more.

Fulfillment 32

Fulfillment Comparison Shopping Markdowns Promotions 32

Retalon

AUGUST 20, 2019

Plus, going into a retail store significantly reduces the potential for returns and increases upsell opportunities. What do consumer purchasing habits look like, and how streamlined is your fulfillment process? – Merchandise, Assortment, and Store planning. – Promotions, event and markdowns. – and more.

Fulfillment 32

Fulfillment Comparison Shopping Markdowns Promotions 32

Retail TouchPoints

FEBRUARY 12, 2021

Early adopters have proven that the technology can provide a significant return on investment. RFID is also being extended for item-level identification as part of future-forward innovation plans, such as the adoption of blockchain for increased transparency. RFID can raise inventory visibility up to 99%.

Fulfillment 233

Fulfillment Markdowns Inventory Management Customer Experience 233

Retalon

JULY 4, 2018

Ultimately many retailers will often compete on the fulfillment strategy. A Forrester research team surveyed retailers on what they plan to implement to support fulfillment efforts. Buy in-store, return to another store (46%). Once retailers notice overstocks, or excess lose sales due to out-of-stocks they begin to react.

Promotions 32

Promotions Fulfillment Shipping Markdowns 32

Retalon

SEPTEMBER 11, 2020

But to make sure you’re focused on the right question, we need to clear up to major misconceptions with demand forecasting: Sales forecasting vs. demand forecasting Forecast vs. plan. Demand Forecast vs. Demand Plan. People often use demand planning and demand forecasting interchangeably. Sales Forecast vs. Demand Forecast.

Payment Services 41

Payment Services Promotions Accounting Fulfillment 41

Retalon

AUGUST 2, 2019

POS data (sales, returns, etc.). 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. Unifying Big Data across Forecasting, Planning, and Operations.

Merchant Services 32

Merchant Services Fulfillment Accounting Markdowns 32

Retalon

DECEMBER 22, 2014

Retalon is known for Smart Fulfillment. Smart Fulfillment is a small, but important part of it, and I will address it in the next question. Regarding omni-channel fulfillment, how does predictive analytics help retailers take action on the data and deliver better results? Originally posted on Retail IT Insights.

Dead-Stock 32

Dead-Stock Promotions Fulfillment Markdowns 32

Retalon

DECEMBER 22, 2014

Retalon is known for Smart Fulfillment. Smart Fulfillment is a small, but important part of it, and I will address it in the next question. Regarding omni-channel fulfillment, how does predictive analytics help retailers take action on the data and deliver better results? Originally posted on Retail IT Insights.

Dead-Stock 32

Dead-Stock Promotions Fulfillment Markdowns 32

Retalon

AUGUST 14, 2023

The goal is to weave these channels together seamlessly so customers can: Purchase online and return in-store Browse in-store and buy online later Have their data and shopping cart synced across all platforms Omnichannel retail delivers convenience, flexibility, and personalization to meet modern customer expectations.

Markdowns 41

Markdowns Customer Experience Shopping Planning 41

Retalon

SEPTEMBER 11, 2020

Often resulting in inventory distortion that lead to lost sales and costly markdowns. The variations in fit and color between brands and styles causes an increase in product returns. The cost of returns alone can make a retailer question the profitability of online stores. Often minimizing markdowns in the process.

Fashion 41

Fashion Markdowns Promotions Accounting 41

Retalon

AUGUST 5, 2020

In particular, effective promotion planning depends on having accurate measurements of In-Stock Percentages. Retailers must maintain a healthy In-Stock Percentage for every product at every store, in order to avoid out-of-stocks, lost sales, failed promotions, and costly markdowns. This avoids markdowns that cut into profit margins.

Inventory Turnover 41

Inventory Turnover Promotions Merchant Services Markdowns 41

Retalon

NOVEMBER 2, 2021

In response, retail and supply chain leaders are investing in analytics and AI-powered retail IT because it enables them to optimize operations — from planning all the way to fulfillment. Add another $428 billion to the tally to cover the cost of returns. Lost sales due to empty shelves cost another $145 billion.

Supply Chain Management 41

Supply Chain Management Dead-Stock Markdowns Shipping 41

Retail Geek

FEBRUARY 28, 2023

I believe that they may have announced that they acquired some some sorting centers or some fulfillment center space in the US but I don’t think it’s come online yet so I think at the moment it’s all being shipped abroad but I’m not certain on that. Jason: [33:04] The for Sheehan.

Apparel 52

Apparel Drop-Shipping Social Commerce Shipping 52