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7 Expert Tips Guaranteed to Reduce Inventory Costs (2020)

Retalon

More expensive than real estate, merchandising, or even labor — inventory is the largest investment your company makes. But getting the biggest return on that investment, especially in today’s tough retail environment, requires a more nuanced, data-driven approach to inventory management than most retailers are used to.

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Shane Co. Increases Sales by 20% While Significantly Reducing Inventory

Retalon

the largest privately owned jewelry retailer in America, has implemented Retalon’s Inventory and Assortment Management solution to maintain product assortment and inventory levels across all channels. After the initial success with implementation of Retalon Inventory Management system, Shane Co.

Jewelry 32
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Shane Co. Increases Sales by 20% While Significantly Reducing Inventory

Retalon

the largest privately owned jewelry retailer in America, has implemented Retalon’s Inventory and Assortment Management solution to maintain product assortment and inventory levels across all channels. After the initial success with implementation of Retalon Inventory Management system, Shane Co.

Jewelry 32
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12 Critical Retail Industry Performance Metrics (2020)

Retalon

Throughout the history of retail, success and failure has come down to how well a company manages — and profits from — its inventory investment. Inventory management teams calculate the In-Stock Percentage by dividing the number of stores that have a SKU in stock by the number of stores that should stock that SKU.

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Podcast: Leveraging Analytics For Omni-Channel Success

Retalon

Other directions that I should mention here is retailers are trying to establish relations between inventory levels and other drivers such as prices and promotions. You will find a story that when installing an inventory balancing system at one of our jewelry retail customers, they decided to pilot the system.