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Inventory Management Tips for Retailers to Reduce Overstock and Increase Profits

RETAIL MANAGEMENT SOFTWARE

According to the National Retail Federation (NRF), retailers lose an estimated $50 billion annually due to inventory distortion, which includes overstock and out-of-stock issues. Why Overstock Is a Hidden Profit Killer Too much inventory may seem like a safety net. To get started, analyze your inventory data thoroughly.

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Top 7 Store Inventory Programs for Streamlined Retail Management

Small Biz Trends

Flexible pricing structures, starting as low as $29 per month, support small businesses in scaling their inventory management needs. What Is Retail Inventory Software? Retail inventory software is an essential tool for modern retailers, enabling you to efficiently manage stock levels and optimize your operations.

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How to Run a Thriving Pet Store: 10 Expert Retail Tips

RETAIL MANAGEMENT SOFTWARE

Streamline Inventory Management Managing thousands of SKUs across multiple categories and product types can be overwhelming. Investing in an innovative Pet Store POS system with real-time inventory tracking, automated stock alerts, and reordering tools can save time and reduce waste.

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5 Top Reasons to choose iVend Retail Management Software

I Vend

But in order to effectively run your retail business, you need more than just POS. You need inventory management, a loyalty program, and the ability to send out promotions and gift cards, for example. iVend provides retail management software, not just POS. Many of them do it very well.

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Tilly’s Partners with Nedap to Elevate Omnichannel Strategy

Retail Focus

Nedap (AMS:NEDAP), the global leader in RFID solutions, is pleased to announce a new partnership with Tillys, a leading specialty retailer of casual apparel, footwear, and accessories. Behind the Decision Tillys chose Nedaps iD Cloud due to its powerful EPCIS repository capabilities, allowing for a fully integrated RFID approach.

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Decoding the global trends shaping the future of retail

Inside Retail

Japanese retailer Uniqlo is investing heavily in radio-frequency identification (RFID) technology to accelerate supply chain efficiencies, with an ambition to embed RFID into its global product range, facilitating improved inventory management and the customer self-checkout experience.

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Unlocking Retail Growth: The Power of Network Analytics for Strategic Insights

Retail TouchPoints

Revolutionizing Inventory Management through Data Network analytics is transforming inventory management in the retail sector by providing unprecedented real-time insights into inventory levels, forecasting potential stockouts and optimizing the supply chain.