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 147

Inventory Management Supply Chain Management Shipping Planning 147

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 MANAGEMENT SOFTWARE

MARCH 26, 2024

With strategic planning and a keen understanding of retail sales seasonality trends, retailers can leverage the energy of springtime to attract customers and boost sales. Offer Spring-Themed Promotions: Entice customers with special promotions and discounts tailored to the spring season.

Promotions 77

Promotions Outdoor Inventory Management Management 77

I Vend

AUGUST 6, 2023

Customer data tracking can show who responds best to which promotions, what drives loyalty customers , and how customers use different channels , helping you to create marketing campaigns that get maximum response and drive the best return on your investment. This can inform product selection, supplier selection and returns processes.

Point of Sale 96

Point of Sale Inventory Management Shrinkage Promotions 96

Retalon

MAY 17, 2024

It is used for planning and optimizing various supply chain activities, including procurement, production, inventory management, and distribution. Inventory Optimization: Effective demand forecasting helps ensure that the right amount of inventory is available to meet customer demands without overstocking.

Supply Chain Management 41

Supply Chain Management Inventory Management Management Promotions 41

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

Wiser

JULY 31, 2023

Common Issues With Planogram Compliance One issue that brands often see when it comes to planogram compliance is inconsistent implementation across various store locations. 1: Regular Audits Conducting regular in-store audits allows brands to physically verify that stores are adhering to the planned layouts.

Store Layout 145

Store Layout Promotions Customer Experience Inventory Management 145

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 220

Payment Services Apparel Inventory Management Department Stores 220

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. These services promote ecommerce businesses and brands.

Fulfillment 297

Fulfillment Shipping Inventory Management Management 297

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 Minded

MAY 17, 2024

They also promote innovation and growth by offloading the direct management of IT resources. Therefore, hiring Propel’s managed IT team or similar reputable experts is a smart move. These include transaction handling, inventory management, and e-commerce operations.

Management 52

Management Inventory Management Technical Support Customer Experience 52

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 Minded

OCTOBER 2, 2023

UPS utilizes route optimization software to plan the most efficient delivery routes, reducing fuel consumption and delivery times. Patagonia, an outdoor clothing retailer, focuses on sustainability by using recycled materials, reducing waste, and promoting ethical sourcing.

Supply Chain Management 52

Supply Chain Management Management Inventory Management Outdoor 52

Retail TouchPoints

JANUARY 25, 2022

This is a direct and relatively simple means to take consumers to experiential landing pages where retailers and brands can share information about products, including new launches, recipes, instructions, promotions and more. 4) Think Big: Improve supply chain and inventory management. Act small: Upgrade the unboxing experience.

Management 249

Management Marketing Customer Experience Inventory Management 249

Retail Gazette

OCTOBER 12, 2023

2) Interrogate the accuracy of supply chain data Being able to accurately track stock is crucial to the success of inventory management. This becomes even more pivotal during the fast-moving, competitive peak period, when spikes in demand will occur against a backdrop of aggressive promotions and discounting across the market.

Payment Services 52

Payment Services Inventory Management Fulfillment Returns 52

Inside Retail

SEPTEMBER 15, 2021

Shelf images are uploaded through an easy-to-use mobile app by a sales rep or a commissioned shopper, or IoT devices like shelf or dome cameras that take pictures of a category’s main shelf aisles or promotional areas. Supply chains cannot be changed instantaneously, it needs pre-planning. Speed is critical.

Inventory Management 130

Inventory Management Promotions Consumer Supermarket 130

Retail TouchPoints

NOVEMBER 18, 2021

Recent data shows that people plan to buy more gifts and spend more money than they did in 2020. In this rapidly changing environment, retailers need a powerful data platform that can help them adapt and respond with more flexibility and agility than ever before to capture digital and omnichannel shoppers and optimize their inventory.

Supply Chain Management 234

Supply Chain Management Fulfillment Shipping Inventory Management 234

Retail TouchPoints

JULY 3, 2020

Smart shelves are systems made up of a variety of technologies designed to help retailers make smarter inventory planning and merchandising decisions, automatically sense stock levels, and collect customer data like foot traffic patterns, shopping behavior and more. Smart shelves need power, but what is the best way to deliver it?

ATS 201

ATS Supermarket Promotions Inventory Management 201

M19 Retail

JULY 28, 2020

The COVID-19 pandemic and its aftermath have increased the already high pressure on retailers to automate and streamline planning and execution processes. Increased competition requires that successful retailers more accurately plan and execute to have the right products available at the appropriate retail location to meet consumer needs.

Planning 98

Planning Inventory Management Management Accounting 98

Retail TouchPoints

JULY 11, 2023

Lesson 1: Network Analytics Can Streamline Operations The NFL uses advanced WiFi analytics to gain insights into fan activity — cashless payments for beer, posting on social media or queueing for the restrooms — that enables them to better understand at a granular level their data usage and plan for other underlying networks.

Payment Services 180

Payment Services Inventory Management Consumer Returns 180

365 Retail

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 52

Inventory Management Supply Chain Management Shipping Planning 52

Wiser

FEBRUARY 6, 2023

This means similar listings, identical sales and promotions, and no pricing discrepancies. 4: Improved Inventory Management One of the big reasons a business loses sales is due to out-of-stock items. Starting at Disney’s website, the shopper will find that their trip options are catered to their location and needs.

Consumer 145

Consumer Customer Experience Location Inventory Management 145

Wiser

AUGUST 28, 2023

With an optimized retail assortment strategy, focusing on factors such as understanding customer preferences, analyzing market trends, and optimizing inventory management, you can significantly enhance your retail operations and drive business success.

Target Market 146

Target Market Fast Fashion Marketing Inventory Management 146

Retalon

FEBRUARY 25, 2022

Meeting sales demand has always been challenging, effective replenishment should mitigate issues that arise from poor planning and allocation. Modern consumer expectations of inventory availability and fast order fulfillment mean that it is even more important for retailers to have a good stock replenishment process in place.

Inventory Management 47

Inventory Management Fulfillment Markdowns Location 47

Inside Retail

JANUARY 24, 2023

AI-driven technologies such as chatbots, automated customer service, and automated inventory management are set to revolutionise the retail industry and the way businesses interact with their customers. Retailers need to invest in reusable packaging systems and promote sustainable product packaging.

Fulfillment 130

Fulfillment Customer Experience Consumer Returns 130

Star Miconics

JANUARY 26, 2023

It also automatically alerts the inventory manager when items are nearly out of stock, prompting timely reorders and preventing disappointed customers. These reports provide managers and owners with information that uncovers deeper insights. You can take it a step further with AI power that makes recommendations for you.

Point of Sale 52

Point of Sale Merchant Services Inventory Management Checkout 52

Rain Pros

AUGUST 18, 2023

You should plan for scalability from the beginning and ensure the platform can handle the expected growth in orders, traffic and products. Accurate tracking ensures you efficiently process and fulfill orders while providing fundamental insights into product demand so you can make data-driven decisions on promotions and pricing.

Payment Services 52

Payment Services Drop-Shipping Shipping Inventory Management 52

Rain Pros

AUGUST 18, 2023

You should plan for scalability from the beginning and ensure the platform can handle the expected growth in orders, traffic and products. Accurate tracking ensures you efficiently process and fulfill orders while providing fundamental insights into product demand so you can make data-driven decisions on promotions and pricing.

Payment Services 52

Payment Services Drop-Shipping Shipping Inventory Management 52

Retalon

JANUARY 7, 2021

Seasonal merchandise planning carries a unique challenge for retailers, as product life cycles are measured in weeks or even days. . This is a problem because retailers plan their inventory months in advance — having almost no window to react to out-of-stocks or an unexpected up-lift in demand.

Markdowns 41

Markdowns Promotions Accounting Planning 41

Retalon

OCTOBER 8, 2020

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.

Markdowns 41

Markdowns Inventory Management Promotions Planning 41

Retail TouchPoints

APRIL 13, 2021

Redefining Retail: How Location Data Removes Friction from Shopper Experiences. With consumers more attached to their mobile devices than ever, retailers are turning to location data to allow for more targeted marketing campaigns, greater operational efficiencies and frictionless shopper journeys that close the loop on omnichannel strategies.

Consumer 137

Consumer Payment Services Fulfillment Advertising 137

Retalon

MAY 11, 2021

Store performance dashboards give retail managers instant updates of metrics such as foot traffic, sales per employee, and attachment rates to help them supervise their store’s daily operations. Promotion planning and optimization dashboards. Inventory management dashboards. E-commerce dashboards.

Inventory Management 41

Inventory Management Promotions Shipping Management 41

Retail Times

MARCH 30, 2021

It’s best to use a point-of-sale or inventory system that automatically modifies inventory levels as you ring up sales, so you won’t have to worry about manually updating your database. Such solutions are also beneficial if you have several locations because they allow you to manage multiple stores from one place.

Merchant Services 98

Merchant Services Inventory Management Management Shrinkage 98

Retail TouchPoints

DECEMBER 12, 2023

In addition to this timing variation, over 60% of shoppers plan to do their browsing online, yet 85% expect to buy at least one product in a store. Add it all up and it’s clear that the timing duration, and location of holiday shopping is not like the old days. And don’t forget the shopper looking for that end-of-season deal.

Markdowns 255

Markdowns Retailing Pricing Promotions Fulfillment 255

Retalon

AUGUST 22, 2023

A higher turnover ratio means inventory is sold more times throughout the year. This indicates strong sales and effective inventory management practices. A lower turnover ratio means inventory sits on shelves longer before being sold. For retailers, inventory turnover is a critical efficiency and profitability metric.

Inventory Turnover 41

Inventory Turnover Specialty Retailers Apparel Inventory Management 41

Retail Minded

SEPTEMBER 30, 2022

Companies in different industries use tools like SaaS marketing software, inventory management tools, and CRM systems that rely on data to provide valuable insights. . Technographic data is similar to demographic data but doesn’t focus on metrics like location and age. Let’s say you’re planning to offer SaaS or IaaS solutions.

Customer Retention 52

Customer Retention Inventory Management Marketing Promotions 52

Retalon

SEPTEMBER 22, 2021

Instead of only shipping to customers’ homes, retailers let online customers shop from their local and online store’s inventory and pick up their orders from their closest brick-and-mortar location the same day. Store-specific information about curbside or in-store pickup locations. Payment, return, and exchange policies.

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41