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.

Inventory Turnover 147

Inventory Turnover Supply Chain Management Customer Retention Inventory Management 147

Retail TouchPoints

NOVEMBER 18, 2021

Holiday shopping season is upon us. Last year, COVID-19 lockdowns that restricted shopping at brick-and-mortar stores sent shoppers online. Furthermore, a global supply chain crisis and labor shortages are likely to limit the ability to keep stores stocked throughout the fall holiday shopping season and spur increased consumer demand.

Supply Chain Management 258

Supply Chain Management Fulfillment Shipping Inventory Management 258

RETAIL MANAGEMENT SOFTWARE

NOVEMBER 7, 2023

By analyzing historical sales data, seasonality, and external factors such as weather and social trends, AI algorithms can help businesses make informed decisions about inventory management, pricing, and marketing strategies. Supply Chain Efficiency AI is also transforming supply chain management in the retail and CPG industries.

Marketing 95

Marketing Inventory Management Supply Chain Management Store Layout 95

Retail Assist

APRIL 28, 2023

Persistent challenges such as increased competition, changing customer preferences, and supply chain disruptions were met with various innovations such as AI-powered inventory management systems, personalised marketing strategies, and blockchain-based supply chain platforms.

Supply Chain Management 52

Supply Chain Management Inventory Management Management Fashion 52

Independent Retailer

SEPTEMBER 13, 2022

They lacked flexibility in their supply chain management strategies, which did not help them foresee such a drastic change in ordering habits. The digital supply chain transformation aims at creating smooth delivery, a faster pace of operations, and an easy tracking method. Blockchain for Supply Chains.

Supply Chain Management 76

Supply Chain Management Shipping Management Inventory Management 76

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 most efficient and effective supply chains embrace uncertainty – something that’s turbocharged during planning for peak.

Inventory Management 52

Inventory Management Supply Chain Management Shipping Planning 52

365 Retail

NOVEMBER 17, 2023

Retailers are leveraging technology to create personalised, engaging, and seamless shopping experiences. From automated inventory management to efficient customer service platforms, technology streamlines processes, reducing costs and saving time.

Supply Chain Management 58

Supply Chain Management Customer Experience Inventory Management Management 58

365 Retail

JUNE 8, 2022

Retailers should be using an inventory management platform that provides a real-time overview of their stock. Tracking your inventory in one place means you can quickly solve any logistical blockers (such as problems with transit) while being able to shift products between distribution channels. . Is it in the warehouse?

Returns 52

Returns Inventory Management Supply Chain Management Management 52

Retail Minded

MARCH 2, 2022

Many retailers use robots as coworkers in factories, warehouses, and shops. Automated Inventory Management. RPA bots can automatically update inventory databases. An unattended bot may run at the end of each day, updating records in inventory management systems. Logistics and Supply Chain Management.

Payment Services 52

Payment Services Inventory Management Promotions Accounting 52

365 Retail

NOVEMBER 13, 2023

Another instance is back-to-school shopping when children return to the classroom after summer. It’s human desire or need expressed through shopping that is considered to be seasonal demand. Optimising Inventory Levels Careful inventory management is vital during peak seasons.

Inventory Management 52

Inventory Management Management Planning Drop-Shipping 52

365 Retail

JULY 19, 2022

The growth of omnichannel shopping is causing the retail landscape to evolve, and there’s no one-size-fits-all solution. It takes investment, put towards everything from logistics and supply chain management, to creating great customer experiences and hiring the necessary talent.

Consumer 58

Consumer Wholesale Supply Chain Management Fulfillment 58

Inside Retail

DECEMBER 21, 2022

According to Oracle’s latest Retail Consumer Study , 53 per cent of consumers plan to shop mostly in-store this holiday season, and an additional 25 per cent plan to shop through a combination of in-store and online channels. Not only will this help ensure margins are managed, but it will ensure customer expectations are met.

Supply Chain Management 130

Supply Chain Management Customer Retention Inventory Management Customer Experience 130

RETAIL MANAGEMENT SOFTWARE

OCTOBER 22, 2020

While brick and mortar stores still play a strategic role in this market vertical, online shopping has skyrocketed, and with $294 billion expected in online home furnishing sales by 2022, retail store owners can no longer afford to miss out on the opportunity to ramp up their cross-channel game plans.

Payment Services 61

Payment Services Drop-Shipping Shipping Point of Sale 61

I Vend

AUGUST 13, 2023

Data enables successful retailers to manage with efficiency – continuing to do the things that are working well, and changing the things that require improvement. Omnichannel Retail strategy – Customers do not want to shop online OR in-store – they want to do both, in a seamless shopping experience.

Payment Services 98

Payment Services Point of Sale Inventory Management Supply Chain Management 98

I Vend

DECEMBER 10, 2023

Inventory management – ‘the right goods, in the right place, at the right time’ sums up the core of retail. So inventory management is essential. Retail technology can streamline inventory management by enabling retailers to accurately track goods from delivery to sale through to returns.

Shrinkage 87

Shrinkage Inventory Management Store Layout Checkout 87

Retail TouchPoints

FEBRUARY 10, 2021

Between the need for more expansive ecommerce functions, low-contact or no-contact shopping experiences, virtual communication between businesses and consumers and the digitization of functions like inventory and customer service, here are the top 10 technology trends pushing retail into the future faster than ever before.

Payment Services 173

Payment Services Fulfillment Supply Chain Management Management 173

I Vend

SEPTEMBER 14, 2023

We’ve looked at the importance of a customer-centric approach, data-based decisions, omnichannel, supply chain management and your team. Everything is focused on operational excellence to create a seamless shopping experience; helping them to find the goods they want; checkout fast and pay the way they want.

Payment Services 105

Payment Services Supply Chain Management Store Operations Point of Sale 105

M19 Retail

APRIL 14, 2021

Brands that were historically located in shopping centers far from city centers are developing a network of physical stores in areas of higher density, which again necessitates reducing the offer to take into account the reduction in the sales area. Health crisis: what impact on supply management in points of sale? Recent Posts.

Point of Sale 52

Point of Sale Management Markdowns Accounting 52

I Love Fashion

JANUARY 19, 2023

Simply put, it is a one-stop shop where manufacturers, designers, and distributors collaborate with buyers. For example, inventory management tools. These tools automate the whole process for you, making your retailing process easier to manage. Its products range from clothing products to accessories.

Wholesale 40

Wholesale Merchant Services Fashion Payment Services 40

365 Retail

MAY 5, 2023

In the next decade, we can expect to see groundbreaking advancements that will further transform the shopping experience, both online and offline. Online Retail: Personalization, Chatbots, and Predictive Analytics In the e-commerce landscape, AI has played a pivotal role in creating personalized shopping experiences for consumers.

Store Layout 81

Store Layout Promotions Inventory Management Advertising 81