Retail Minded

MAY 3, 2023

Retailers know that inventory management is time-consuming and can pose difficulties. Thanks to technology-enabled best practices, managing inventory is easier than ever. You can optimize inventory management and drive business results, whether you’re a small retailer or a large chain.

Inventory Management 52

Inventory Management Management Fulfillment Inventory Turnover 52

RETAIL MANAGEMENT SOFTWARE

MARCH 11, 2022

Do you know how to manage your inventory as effectively as possible? What are the inventory management best practices? If you can’t answer these questions, it’s time to reconsider how you manage your inventory. Plan before buying your inventory- Use your data to determine what you should order.

Inventory Management 92

Inventory Management Management Inventory Turnover Drop-Shipping 92

Retail TouchPoints

JANUARY 11, 2022

The company offers 30-minute delivery and 5-minute pickup at all 16 current brick-and-mortar locations, which are located in the Chicago, Dallas and Washington, D.C. The retailer also is expanding its selection of private label goods, with 200 new SKUs set to launch over the next year.

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Planning Inventory Management Location Marketing 273

Retail Smart Guys

OCTOBER 18, 2022

Every retailer aims to have solid inventory planning. Finding the right balance is possible with an open-to-buy plan (OTB). billion due to inventory imbalance. Hence, it is vital to deal with inventory management dilemmas by utilizing an open-to-buy plan to keep a positive business cash flow.

Inventory Management 52

Inventory Management Management Planning Location 52

Retalon

AUGUST 14, 2023

Nearly 70% of retailers face challenges managing inventory due to relying on legacy processes. For executives in planning and merchandising roles, this leads to sleepless nights and the nagging feeling there must be a better way. Furniture inventory management software offers a smarter solution.

Inventory Management 41

Inventory Management Management Dead-Stock Inventory Turnover 41

Retail TouchPoints

JANUARY 28, 2021

French ready-to-wear brand Zadig & Voltaire has centralized inventory planning and purchasing processes across its brick-and-mortar and digital channels with the deployment of allocation, replenishment and buying solutions from Aptos. in addition to its website.

Planning 234

Planning Point of Sale Fashion Location 234

Retail TouchPoints

NOVEMBER 30, 2022

The solution sets up a unified supply chain data lake using AWS Supply Chain’s built-in connectors, which use pre-trained machine learning models to understand, extract and aggregate data from ERP and supply chain management systems. AWS Supply Chain’s visual map then made it easy to see product-level inventory movement in real time.

Supply Chain Management 275

Supply Chain Management Inventory Management Location Management 275

Retail TouchPoints

MARCH 15, 2024

Many companies can track their own digital shelf data, allowing them to align products across platforms, perform A/B testing and improve inventory management. The fact that you can adapt your digital display very quickly as compared to physical inventory management allows businesses to benefit from multiple types of external data.

Inventory Management 261

Inventory Management Telecommunications Location Marketing 261

Retail TouchPoints

JULY 29, 2020

The company owns and operates 34 locations, both flagships or outlets, and the remainder are owned and operated by partners such as high-end resorts. The first prong is data modernization, because every system and everything in the digital world relies on data governance, data management and data trustworthiness,” she said. “We

Planning 300

Planning Wholesale Customer Experience Store Operations 300

Inside Retail

FEBRUARY 25, 2024

Among consumer and retail sector respondents, 66 per cent said their organisations were most likely to apply generative AI in analysing customer data and creating personalised recommendations; 64 per cent will use it for trend analysis/predictive analysis for inventory management; and 40 per cent envision it helping them set competitive prices.

Inventory Management 246

Inventory Management Management Consumer Planning 246

Bindo

APRIL 13, 2017

Why Is Inventory Management Important. Inventory management remains the cornerstone of successful retail. Experienced retailers understand the importance of metrics taken from inventory management. Inventory management helps take the guesswork out and place retail products in the store correctly.

Inventory Management 40

Inventory Management Management Location Promotions 40

Retail TouchPoints

AUGUST 11, 2020

Circle K will pilot a touchless autonomous checkout solution in one of its Phoenix locations and plans to add the technology to other store locations.

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Checkout Store Layout Payment Services Kiosk 248

Inside Retail

NOVEMBER 6, 2023

“Zebra Workcloud is a purpose-built suite of enterprise applications designed specifically for the front-line worker to better optimise labour decisions, simplify and streamline communication and improve inventory management.” AI also helps share labour resources across locations, departments and roles within the organisation. “By

Inventory Management 299

Inventory Management Promotions Management Shipping 299

Retail Focus

SEPTEMBER 7, 2021

Supply chains must be agile enough to cope with unexpected gaps in workforces, which involves two levels of contingency planning. The first affects stock inventory management. The second level of contingency planning involves personnel resourcing strategies. 3) Scale up scenario planning.

Inventory Management 148

Inventory Management Supply Chain Management Shipping Planning 148

Retail TouchPoints

MAY 10, 2023

While many brands try to shave pennies off transactional transportation costs, that won’t drive long-term success in retail locations. When leveraged correctly, shipping technology helps CPG brands improve visibility and transparency, forecast and plan better for the future, and increase efficiencies through consolidation.

Shipping 276

Shipping Inventory Management Location Management 276

Retail Smart Guys

MARCH 23, 2024

At Retail Smart Guys , our commitment extends beyond traditional inventory management. We collaborated with a valued client to not just analyze their inventory but to strategically reclassify it in alignment with their unique property acquisition goals.

Markdowns 52

Markdowns Inventory Management Location Planning 52

Inside Retail

MARCH 7, 2024

Growing the team for global expansion Currently, Nakedvice sells products online and in-store through its Melbourne Flagship in Abbotsford, which serves as a destination location for customers. Expansion plans will be supported by the opening of a second boutique in Victoria and a third in New South Wales by the year’s end.

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Boutique Apparel Fashion Wholesale 130

Inside Retail

JANUARY 30, 2024

Salespeople on the shop floor can use these devices to seek a colleague’s assistance in locating a certain size or style of a product instead of leaving the customer alone while the salesperson finds it. Lifecycle pricing inventory management Zebra Technologies also has products focused on inventory management and Lifecycle Pricing.

Loss Prevention 147

Loss Prevention Shrinkage Inventory Management Markdowns 147

Inside Retail

MARCH 17, 2024

McDonald’s mobile app; its human-less, order-taking kiosks; its digitised menus that change based on trends, the weather and more; and even its generative AI — together, these enable McDonald’s to eke out additional sales and efficiencies worth billions of dollars to the company, which has 40,000 locations in roughly 100 countries.

Kiosk 130

Kiosk Payment Services Inventory Management Location 130

Retail Smart Guys

SEPTEMBER 2, 2022

Particularly in your inventory, which is the biggest expense every retail store has, establishing the correct level of inventory, on a department by department basis, and a location by location basis, is the most important job in retail. Proper inventory levels in all classes, at all locations, are ensured.

Planning 40

Planning Markdowns Inventory Management Location 40

365 Retail

MARCH 20, 2024

The new ten-year contract will help support Jollyes’ continued ambitious growth plans as it prepares to accelerate expansion following significant investment by new owner TDR Capital. The operation is supported by Wincanton’s warehouse management system (WMS) to deliver tailored inventory management, item tracking and performance reporting.

Fulfillment 64

Fulfillment Inventory Management Planning Location 64

Retail TouchPoints

OCTOBER 6, 2022

The Retail TouchPoints 2022 Retail Strategy & Planning (#RSP22) webinar series, now available on-demand, offered a wealth of tips and best practices across critical areas including pricing, location-based technology, inventory management and marketplaces.

Merchant Services 281

Merchant Services Payment Services Promotions Location 281

Retail TouchPoints

JANUARY 20, 2022

Amazon has announced plans for its first-ever physical fashion store — dubbed Amazon Style — which will feature women’s and men’s apparel, shoes and accessories. In mid-2021 rumors also surfaced of plans for large-footprint department stores , although Amazon hasn’t formally announced anything along these lines.

Payment Services 257

Payment Services Apparel Inventory Management Department Stores 257

Retail TouchPoints

APRIL 21, 2022

Companies with supply chains that span the globe often struggle with standardizing their processes, partly because different locations use different systems of record. To avoid this outcome, your business needs to use intelligent planning and analytics technology to develop its own modern supply chain management solutions.

Supply Chain Management 258

Supply Chain Management Planning Shipping Inventory Management 258

Inside Retail

FEBRUARY 26, 2024

Set benchmarks for inventory management, including the rate of inventory turnover and tracking and fill rate. Continue to review minimum stock limits and develop contingency plans should supply issues emerge. Pricing and promotional strategies will be vital as consumers are more cost-conscious.

Inventory Turnover 147

Inventory Turnover Supply Chain Management Customer Retention Inventory Management 147

Retail TouchPoints

DECEMBER 28, 2022

They offer the greatest flexibility and visibility in the network and reduce systemwide inventory carrying costs; and. Drones: Leveraging drones for shipping and delivery fulfillment came to attention when Amazon revealed their ‘Octocopter’ in 2013. Anshuman Agarwal is a seasoned leader in the ecommerce and retail technology industry.

Management 278

Management Fulfillment Drop-Shipping Employee Engagement 278

Retalon

JANUARY 5, 2021

An inaccurate forecast, unpredictable changes to consumer preferences, shifts in the competitive landscape, or major economic events can all completely throw your planning and purchasing off-track, leaving you with major inventory distortions despite your best plans. What is inventory balancing?

Location 41

Location Inventory Management Markdowns Fulfillment 41

RETAIL MANAGEMENT SOFTWARE

JULY 17, 2023

A multitude of factors, such as demand volatility, inventory management, logistics, and forecasting, can present significant challenges to supply chain efficiency. Accurate Inventory Tracking BI solutions are vital in accurately tracking inventory throughout the supply chain.

Inventory Management 89

Inventory Management Supply Chain Management Management Point of Sale 89

Retail Smart Guys

DECEMBER 11, 2023

As someone deeply immersed in the world of retail, I’ve witnessed firsthand the transformative power of Merchandise Planning and Open-To-Buy, especially when executed with precision and done right. Whether you’re a seasoned retailer or just starting, having a clear plan and financial strategy is the key to sustained growth.

Markdowns 52

Markdowns Inventory Management Planning Location 52

Retail TouchPoints

SEPTEMBER 23, 2022

A 3PL provides a safety net for planned or unanticipated increases in demand, so you don’t have to worry about fulfilling scheduled orders or laying off employees when the busy season ends. How to optimize shipments based on the customers’ location. Customization is easy with in-house fulfillment.

Fulfillment 328

Fulfillment Shipping Inventory Management Management 328

Inside Retail

MARCH 28, 2023

Now, it’s looking to reach 9,000 locations by 2025 through its focus on innovation, customer-centricity and agility. The use of big data and machine learning algorithms to forecast store demand, manage assortment planning and store ordering is also very important.

Inventory Management 130

Inventory Management Planning Location Consumer 130

365 Retail

FEBRUARY 1, 2024

PoS systems are becoming essential for managing everyday commercial operations, from simple payment processing to inventory management and sales analytics in retail companies. Modern PoS systems often offer cloud-based or remote access features, allowing managers to monitor business operations from anywhere.

Merchant Services 52

Merchant Services Payment Services Inventory Management Management 52

Inside Retail

FEBRUARY 23, 2023

Reliving vintage craftsmanship According to Huisamen, the wide range of collections and styles on offer, including the more elevated Made & Crafted line, is what sets the Ion store apart from other Levi’s locations in Southeast Asia. This market has long been key to the Levi’s East Asia Pacific expansion plans.

Inventory Management 246

Inventory Management Apparel Management Consumer 246

Star Miconics

MARCH 1, 2023

Ascent Solutions is an exciting enterprise resource planning (ERP) software offering features to help businesses manage their inventory and sales processes. What’s impressive is that Ascent Solutions’ inventory management system is powered by Salesforce , a leading customer relationship management (CRM) platform.

Payment Services 52

Payment Services Inventory Management Point of Sale Fulfillment 52

Retail TouchPoints

JUNE 25, 2021

This is proven out in our data, with close to half (48%) of firms already or planning to provide 5G-capable smartphones and/or devices to employees in the next six months. Additionally, 40% are either already providing an allowance for employees to upgrade to a 5G wireless device and service, or plan to do so in the next six months.

Inventory Management 134

Inventory Management Customer Experience Point of Sale Advertising 134

Retail TouchPoints

AUGUST 31, 2021

Customer buying habits change based on store location, the product’s target audience (e.g. However, AI truly differentiates itself in inventory management, shelf workload and identifying products that will upsell successfully. Optimizing product shelf locations. A Cashierless Experience. million per year in revenue.

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Inventory Management Location Marketing Planning 229

I Vend

AUGUST 6, 2023

Inventory management – metrics such as stock turnover levels, and days of inventory remaining can be used to accurately plan purchasing and replenishment strategies and minimise the chance of stock outs. Sales trends and analysis data shows the patterns that allow you to plan and forecast more accurately.

Point of Sale 81

Point of Sale Inventory Management Shrinkage Promotions 81