Retail Smart Guys

NOVEMBER 3, 2023

Timing is Everything: When to Begin Inventory Planning Inventory planning is the backbone of successful retail operations. While the specifics of inventory planning can vary from one retailer to another, one thing remains constant – timing is everything. Understanding supplier lead times is crucial.

Planning 52

Planning Inventory Management Promotions Shipping 52

Retail Focus

SEPTEMBER 7, 2021

There are numerous headlines about shipping delays and stock shortages, and growing concerns about getting goods to the UK in time to satisfy festive sales demand. Months and months of rising shipping costs are creating some optimism that the surge in transportation prices is nearing its peak. 3) Scale up scenario planning.

Inventory Management 147

Inventory Management Supply Chain Management Shipping Planning 147

Retail TouchPoints

SEPTEMBER 23, 2022

In internal fulfillment, the business handles the complete process of storing, packing and shipping. The company must have a warehouse to keep its inventory, and a logistics team to manage the goods for storing, ordering and shipping directly to stores/distributors or customers. Also, packaging can be fully customizable.

Fulfillment 329

Fulfillment Shipping Inventory Management Management 329

Inside Retail

FEBRUARY 26, 2024

This instability, together with increased gas and energy prices, has affected shipping costs. 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.

Inventory Turnover 147

Inventory Turnover Supply Chain Management Customer Retention Inventory Management 147

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 284

Merchant Services Payment Services Promotions Location 284

Retail TouchPoints

MAY 18, 2021

To help build this awareness, a merchant should promote its subscription service throughout its site. These incentives run the gamut and include: Discounts are the most common type of promotion and are always appreciated by potential customers. Free shipping has become expected by many shoppers. Make Signing Up Simple.

Merchant Services 153

Merchant Services Shipping Promotions Payment Services 153

Retail TouchPoints

JULY 14, 2021

“If both parties began looking at a variety of data sets, but through the same lens, there would be much more strategic alignment and much less of a disconnect visible in inventory management,” noted Melissa Minkow, Retail Industry Lead at CI&T in an interview with Retail TouchPoints. Why is this such an issue for both parties?

Inventory Management 264

Inventory Management Grocer Consumer Planning 264

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 263

Supply Chain Management Fulfillment Shipping Inventory Management 263

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

Retail TouchPoints

JULY 26, 2021

Building an online presence starts with a well-designed website supported by an effective digital marketing plan. Wholesalers are used to shipping pallets and containers from one warehouse to another. If they’re selling on Amazon or another retail marketplace, they may also have some level of online presence to leverage.

Wholesale 279

Wholesale Payment Services Fulfillment Returns 279

Retail TouchPoints

JANUARY 13, 2023

What’s more, merchandising rules enable ecommerce sites to rank how items appear in a gallery, banner or carousel, to promote and demote products and, in turn, improve your business metrics. At least 49% of consumers have purchased a product they didn’t plan to after receiving a personalized product recommendation. In the U.S.,

Returns 289

Returns Consumer Inventory Management Customer Experience 289

Retail Focus

JANUARY 12, 2023

But, of course, that has many downsides, such as cost, workforce planning, etc. Sales automation can also offer promotions and upsells tailored explicitly towards each customer and presented opportunistically. Inventory Management. Once you have shipped an order (or maybe even beforehand), you’ll want to get paid.

Payment Services 130

Payment Services Inventory Management Returns Checkout 130

Rain Pros

AUGUST 18, 2023

Ensure you compare different eCommerce platforms as they feature varying degrees of logistics integration that can impact order processing, shipping and delivery. Platforms with good logistics integration capabilities can ensure you can manage orders efficiently, provide accurate shipping information and streamline operations.

Payment Services 52

Payment Services Drop-Shipping Shipping Inventory Management 52

Rain Pros

AUGUST 18, 2023

Ensure you compare different eCommerce platforms as they feature varying degrees of logistics integration that can impact order processing, shipping and delivery. Platforms with good logistics integration capabilities can ensure you can manage orders efficiently, provide accurate shipping information and streamline operations.

Payment Services 52

Payment Services Drop-Shipping Shipping Inventory Management 52

Inside Retail

OCTOBER 21, 2021

Additionally, retailers can expect promotional periods such as event days to be extended over a longer time frame as brands try to smooth out consumer demand. Digital gift cards can also drive last-minute gift purchases when shipping timelines make it hard to send a timely present. Be clear on inventory decisions.

Returns 130

Returns Merchant Services Shipping Payment Services 130

365 Retail

SEPTEMBER 7, 2021

There are numerous headlines about shipping delays and stock shortages, and growing concerns about getting goods to the UK in time to satisfy festive sales demand. Months and months of rising shipping costs are creating some optimism that the surge in transportation prices is nearing its peak. 3) Scale up scenario planning.

Inventory Management 52

Inventory Management Supply Chain Management Shipping Planning 52

Retail Bound

JUNE 27, 2023

Retail can transform a brand from low profitability and a local following to a rocket ship of growth with national expansion. Step 2: Marketing Strategy The second crucial element you will want to present involves your current marketing strategy and how you have currently obtained sales or plan to.

Fulfillment 52

Fulfillment Target Market Payment Services Promotions 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. If shipping is delayed and orders are late, tell your customers. 2) Think Big: Improve customer satisfaction.

Management 264

Management Marketing Customer Experience Inventory Management 264

365 Retail

NOVEMBER 14, 2022

With Black Friday and Cyber Monday just around the corner, planning for a successful 2022 peak season is essential – now more than ever. Plan, plan and plan some more! Using a sound PPC and SEO strategy to support enticing promotions is a surefire tactic to create a buzz around your brand early on.

Merchant Services 57

Merchant Services Payment Services Inventory Management Fulfillment 57

Independent Retailer

APRIL 21, 2022

After all, when supply chain management is effective, it is proven to lower a company’s overall costs and boost profitability. O ptimize Inventory. Without optimized inventory, promotions or peak periods will feel especially stressful during the supply chain crisis. Automate Shipping. Follow Your Data.

Shipping 83

Shipping Supply Chain Management Management Promotions 83

Retail Bound

DECEMBER 3, 2021

Whether you are new to business or established, eCommerce holiday planning and readiness is important. Other tactics include offering free shipping, using suggestive selling at the point of sale, and creating time-limited promotions. How to Plan For the Post-holiday Decline in Volume.

Inventory Management 52

Inventory Management Shipping Planning Finance 52

Wiser

APRIL 7, 2020

Inventory management will rarely be the only thing that makes a retailer successful, but it can absolutely be the something that breaks you. Knowing what your customers like is one thing, but understanding how much of each item you need on shelves and how to price them is where inventory management can go awry.

Markdowns 128

Markdowns Inventory Management Drop-Shipping Apparel 128

Storis

DECEMBER 5, 2022

Integrating your POS to your eCommerce platform enables you to accurately display any discounts or promotions you want to run on these items. Further, attention-grabbing product messaging such as “in-stock near me”, “last chance”, or “free shipping” is a simple yet effective way to entice consumers to make a purchase. Bulk Discounts.

Home Furnishings 52

Home Furnishings Inventory Management Fulfillment Shipping 52

Wiser

NOVEMBER 10, 2020

Being in a position to release new products is great, but as your assortment grows, so too does the complexity of your inventory management processes. SKUs are vital for inventory and sales tracking. Are they running promotions, thereby attracting consumers to their items over yours? Test and Iterate on Product Decisions.

Merchant Services 99

Merchant Services Inventory Management Promotions Marketing 99

365 Retail

NOVEMBER 13, 2023

Understanding these causes enables retailers to better anticipate and plan for seasonal demand. ” Overcoming Seasonal Demand Challenges Seasonal demand can be challenging for retailers, and overcoming these challenges requires planning and effective tools. Advanced Planning Peak times can often mean tight deadlines.

Inventory Management 52

Inventory Management Management Planning Drop-Shipping 52

I Love Fashion

JANUARY 4, 2021

For example, the customer asking for a common shipping question could be assisted by a chatbot by understanding the concept and offering the FAQs article explaining the company’s shipping policies. Inventory Management. Inventory Management is one of the most pivotal aspects of an eCommerce site.

Fashion 111

Fashion Inventory Management Marketing Shipping 111

Independent Retailer

DECEMBER 9, 2022

Businesses send products to Amazon fulfillment centers and when a customer makes a purchase, they pick, pack, and ship the order. Two different selling plans are offered, called Individual and Professional, and they are based on how many products you sell. The Individual plan costs $0.99 Why is Fulfillment Important? Individual.

Payment Services 74

Payment Services Fulfillment Wholesale Shipping 74

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

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

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

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 Minded

JULY 29, 2023

Consumers today care about the environment and expect brands to do their part in reducing waste and promoting sustainability. Each platform should provide its audience with information on product descriptions, product availability, pricing, promotions, and other relevant data that customers may need. But that’s not all.

Payment Services 52

Payment Services Consumer Inventory Management Promotions 52

Retail Minded

JULY 29, 2023

Consumers today care about the environment and expect brands to do their part in reducing waste and promoting sustainability. Each platform should provide its audience with information on product descriptions, product availability, pricing, promotions, and other relevant data that customers may need. But that’s not all.

Payment Services 52

Payment Services Consumer Inventory Management 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. Customers can reserve an item from an online inventory. Another major draw for customers is avoiding shipping costs.

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41

Independent Retailer

JUNE 24, 2021

Next day shipping. Larger and increased number of fulfillment centers: Next day shipping and easy returns requires an increase in number and in overall size of fulfillment centers — increasing environmental footprints. Some of these include. Hassle free returns. Seamless omnichannel experiences. Multiple fulfillment options.

Fulfillment 52

Fulfillment Shipping Returns Technical Support 52

Retalon

DECEMBER 8, 2021

Is inventory coming directly from the vendor and therefore needs to be dropshipped? Some factors affecting this decision include the proximity of the storage location to the customer, inventory availability, and the labour involved. Methods are established to transfer inventory from storage to customer.

Merchant Services 41

Merchant Services Fulfillment Drop-Shipping Shipping 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. to optimize inventory for gross margins.

Fulfillment 41

Fulfillment Markdowns Promotions Returns 41