Inside Retail

JANUARY 30, 2024

“For example, Hunkemöller, a brand served by JD Logistics in Europe, benefits from a self-operated automated warehouse solution that enables them to fulfil the demands of tens of thousands of SKUs across multiple countries and sales channels, greatly improving inventory turnover,” he stressed.

Merchant Services 130

Merchant Services Inventory Turnover Inventory Management Supply Chain Management 130

Retail TouchPoints

NOVEMBER 17, 2023

Using substitution tactics, retailers can recalibrate inventory levels. When a high demand product runs out of stock, it can be substituted with a similar product that is not selling as fast to maximize inventory turnover, reduce carrying costs and minimize the administrative burden associated with cancellation, refunds and follow-up.

Customer Experience 264

Customer Experience Inventory Management Fulfillment Inventory Turnover 264

Inside Retail

NOVEMBER 14, 2023

It facilitates wider brand reach, quicker inventory turnover, and direct engagement, thereby fostering increased brand loyalty. Behind this initiative was the vision of increasing exposure and customer engagement for partner brands, while offering consumers premium products at more accessible prices. “It

Inventory Turnover 130

Inventory Turnover Fashion Shopping Consumer 130

Retail Focus

AUGUST 8, 2023

Inventory Management Efficiently managing inventory is essential for meeting customer demands while minimizing carrying costs. Outsourcing inventory management to experts can optimize stock levels, monitor product trends, and ensure timely replenishments.

Loss Prevention 130

Loss Prevention Inventory Management Inventory Turnover Shrinkage 130

Retail Gazette

FEBRUARY 22, 2024

AI algorithms can accurately predict demand and adjust inventory levels in real time by analysing historical sales data, market trends, and external factors such as weather patterns and economic indicators.

Inventory Management 122

Inventory Management Checkout Inventory Turnover Promotions 122

CJ Retail Solutions

FEBRUARY 14, 2024

By analysing key metrics such as foot traffic, conversion rates, and inventory turnover, we can identify opportunities for improvement and optimize your merchandising strategy for maximum results. That’s why we leverage advanced analytics and market research to inform our merchandising decisions.

Store Layout 52

Store Layout Inventory Turnover Boutique Promotions 52

Retail Smart Guys

OCTOBER 7, 2023

Set Up Regular Inventory Counts Regularly counting your inventory helps identify discrepancies between physical stock and recorded quantities. Schedule periodic physical counts, such as weekly, monthly, or quarterly, depending on your business’s size and inventory turnover rate.

Inventory Management 97

Inventory Management Inventory Turnover Management ATS 97

DMS Retail

JANUARY 29, 2024

To achieve this, thorough analysis of sales data, trends, and inventory levels is essential for effective inventory management. By optimizing stock levels and reducing overstock and stockouts, retailers can enhance inventory turnover and reduce carrying costs.

Management 40

Management Inventory Turnover Promotions Inventory Management 40

Retalon

FEBRUARY 10, 2022

You may be dealing with a bad inventory if you are continuously having one or more of the following issues: 1. A low rate of inventory turnover. Low demand inventory builds up resulting in overstocks. No room for in-demand inventory . Stagnant inventory is occupying shelf space, in-place of high demand products. .

Inventory Turnover 41

Inventory Turnover Management Inventory Management Dead-Stock 41

Retail TouchPoints

JUNE 6, 2022

We’ll have different promotions in the afternoon or late evening period to make sure that we’re managing a good inventory turnover,” explained Chen. “It’s It’s all due to AI that we’re able to run a fresh produce business in an efficient way with low spoilage rates and good turnover.”.

Grocer 321

Grocer Inventory Turnover Fulfillment Shopping 321

Retail Smart Guys

MARCH 15, 2023

It is not enough to keep filling up your stores, as it can only result in heavy markdowns, slow inventory turnover, higher operating costs, and disruptions to cash flow. . #2 Buy what you can sell profitably It is essential to follow a merchandise plan to know what you can purchase from suppliers and sell to customers.

Markdowns 52

Markdowns Inventory Turnover Operating Expenses Planning 52

RETAIL MANAGEMENT SOFTWARE

MARCH 11, 2022

Monitor important metrics : Keep track of inventory costs, turn rate, and sell-through rates to know how your inventory performs and make appropriate changes. Maximize inventory turnover- Increase turn rate to move product gradually through the purchasing cycle.

Inventory Management 92

Inventory Management Management Inventory Turnover Drop-Shipping 92

Retail Adventures

JANUARY 20, 2021

Inventory turnover – turn – is a measure of the number of times inventory is sold within a period of time, usually a year. To determine your inventory simply divide your last year’s total retail sales by your year ending inventory at retail value.

Markdowns 98

Markdowns Inventory Turnover Returns Planning 98

Retail Minded

MAY 3, 2023

Through this process, you can review inventory metrics and trends, identify areas that need improvement, and optimize your inventory procedures. One effective method for analyzing inventory metrics is by computing inventory turnover.

Inventory Management 52

Inventory Management Management Fulfillment Inventory Turnover 52

RETAIL MANAGEMENT SOFTWARE

SEPTEMBER 19, 2023

These notifications help prevent stockouts or overstock situations and improve overall inventory control. Reporting and Analytics : Generate detailed reports and analytics on inventory turnover, profitability, and more. These insights assist in making informed decisions and optimizing stock levels.

Inventory Management 62

Inventory Management Management Inventory Turnover Location 62

Independent Retailer

AUGUST 1, 2022

Retailers need tools that can connect and correlate all inventory data with the impact of external events. Without them, retailers cannot proactively address inbound disruptions, accurately calculate inventory turnover velocity, or reduce discounting and overstocking.

Inventory Management 69

Inventory Management Management Inventory Turnover Supply Chain Management 69

Retalon

FEBRUARY 15, 2022

Increased inventory turnover. Matching demand and supply boost turnover. Not meeting the challenges in forecasting demand and supply causes the most intractable retail issues from slow inventory turnover to anemic GMROI. Stores get just enough product to meet demand without risking empty shelves.

Markdowns 41

Markdowns Inventory Turnover Fulfillment Accounting 41

Retalon

FEBRUARY 24, 2022

It’s part of a three-step open to buy process: Step 1 – Know your inventory turnover. Turnover rates impact OTB. You need to have a clear picture of your current inventory levels and an accurate demand forecast for your OTB strategy to succeed. Let’s look at how to calculate open to buy: Open to buy process.

Markdowns 41

Markdowns Inventory Turnover Accounting Planning 41

Rain Pros

MARCH 6, 2024

Categorizing a store’s inventory allows the owner to make quicker and more informed decisions about ordering new inventory. Offering more of what sells and less of what doesn’t increases efficiency by minimizing overstock and accelerating inventory turnover, leading to higher profits.

Inventory Management 40

Inventory Management Inventory Turnover Point of Sale Accounting 40

V Count

JANUARY 11, 2023

You can use this information to accelerate inventory turnover, stock and arrange shelves, and provide fresh food and drinks at peak hours. Combining your store’s people counting information with your POS system’s data will show you what items at your stores sell the most and which aren’t.

Inventory Turnover 40

Inventory Turnover Promotions Customer Experience Planning 40

Retalon

AUGUST 14, 2023

Improving Inventory Turnover Excess stocks tying up cash flow are the bane of any retail business. Inventory management software provides perpetual cycle counting and analysis of turnover rates by SKU. The software provides demand transparency and replenishment automation to minimize stockouts.

Inventory Management 41

Inventory Management Management Dead-Stock Inventory Turnover 41

Shopper Motion

DECEMBER 16, 2020

They also contribute to the profitability of the company by fostering sales via marketing and in-store promotions and they manage everything related to product inventory, either they order new items or try to improve the speed of inventory turnover.

Management 52

Management Promotions Inventory Turnover Supermarket 52

Rangeme

DECEMBER 16, 2021

Beauty rival Sephora is using artificial intelligence (AI)-based demand forecasting to increase inventory turnover and product availability with greater accuracy and efficiency. Ulta to offer same-day delivery through partnership with DoorDash. MarketWatch. November 2, 2021. 20 Berthiaume, Dan. Chain Store Age. October 21, 2021.

Dead-Stock 52

Dead-Stock Shipping Beauty and Health Inventory Turnover 52

Retalon

AUGUST 5, 2020

Jump Ahead Most Important KPIs for the Retail Industry in 2020 Examples of Retail KPIs that Maximize Inventory ROI 1. Inventory Turnover Ratio 3. Inventory Turnover Ratio. The Inventory Turnover Ratio represents the total cost of goods sold over a period divided by the average inventory cost.

Inventory Turnover 41

Inventory Turnover Promotions Merchant Services Markdowns 41

Retalon

FEBRUARY 15, 2024

Conversion rate, customer retention rate, and inventory turnover are key performance indicators that enable timely pivots that capitalize on opportunities while mitigating risks – embodying the essence of nimble strategy adaptation driven by detailed insights. Metrics act as a compass guiding these adjustments.

Inventory Management 41

Inventory Management Management Marketing Inventory Turnover 41

I Vend

SEPTEMBER 10, 2023

This level of flexibility reduces lost sales, maximises inventory turnover and increases customer satisfaction along with revenue and profit. Ambitious retailers the world over want to grow.

Point of Sale 108

Point of Sale Inventory Turnover Management Inventory Management 108