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. Pricing and promotional strategies will be vital as consumers are more cost-conscious.

Inventory Turnover 147

Inventory Turnover Supply Chain Management Customer Retention Inventory Management 147

I Vend

JANUARY 18, 2025

It is very essential to manage multiple store locations in an efficient manner for business success. Let’s explore how implementing a unified Retail POS System can transform your multi-location business operations and drive growth. Read about how we help streamline retail operations.

Location 52

Location Inventory Turnover Inventory Management Management 52

RETAIL MANAGEMENT SOFTWARE

MARCH 11, 2022

Check data and reports regularly – Consistently checking data will give you a good idea of how your inventory is performing overall. Plan before buying your inventory- Use your data to determine what you should order. Maximize inventory turnover- Increase turn rate to move product gradually through the purchasing cycle.

Inventory Management 111

Inventory Management Management Inventory Turnover Drop-Shipping 111

Retalon

FEBRUARY 10, 2025

A robust merchandise planning solution powered by AI-driven analytics is now a necessity for retailers looking to optimize inventory, forecast demand accurately, and enhance profitability. The traditional planning solution often resulted in inefficiencies, data silos, and costly errors.

Planning 41

Planning Inventory Turnover Markdowns Location 41

M19 Retail

FEBRUARY 7, 2025

Whether you run a boutique retail shop or manage an enterprise level operation, finding the right technology to handle your Point of Sale (POS), inventory control, and merchandising planning is critical. Merchandising Planning for Growth Effective merchandising planning goes beyond whats happening at a single location.

Supply Chain Management 52

Supply Chain Management Inventory Turnover Point of Sale Inventory Management 52

RETAIL MANAGEMENT SOFTWARE

SEPTEMBER 19, 2023

Product Categorization : Effective product categorization is a crucial feature of Retail Inventory Management Software. It allows retailers to classify products into different categories, subcategories, or tags, making it easier to organize and locate items.

Inventory Management 64

Inventory Management Management Inventory Turnover Location 64

Retail Minded

MAY 3, 2023

Using scanners, such as RFID scanners from Lowry , is an excellent tool for improving inventory count accuracy. These scanners use radio waves to read electronic tags on products, allowing quick and accurate inventory location and quantity identification. It improves accuracy and saves time compared to manual counting.

Inventory Management 52

Inventory Management Management Fulfillment 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. Merchants and inventory analysts must be aware of how well they are getting their products to the stores. Inventory Turnover Ratio. In-Stock Percentage 2.

Inventory Turnover 41

Inventory Turnover Promotions Merchant Services Markdowns 41

RETAIL MANAGEMENT SOFTWARE

AUGUST 5, 2024

Inventory Distribution : Manage inventory distribution across multiple locations to ensure stock availability where needed. Budgeting and Forecasting : Plan and forecast financial performance to make informed business decisions.

Payment Services 52

Payment Services Inventory Management Inventory Turnover Fulfillment 52

Retalon

FEBRUARY 15, 2022

The forecast of future sales demand informs almost all of the decisions a retailer makes throughout the product journey: Planning. What’s more, you’re able to buy enough inventory to meet demand without being left with overstock. Planning inventory based on sales history depends on a logical approximation. Let’s find out.

Markdowns 41

Markdowns Inventory Turnover Fulfillment Accounting 41

RETAIL MANAGEMENT SOFTWARE

SEPTEMBER 30, 2024

Gain insights into product performance, helping to optimize inventory turnover. Retail store management solutions offer: Scalability to accommodate business expansion, whether that means adding new locations or expanding product lines. Automate reordering processes based on predefined thresholds.

Payment Services 52

Payment Services Management Inventory Management Promotions 52

CJ Retail Solutions

NOVEMBER 18, 2024

This approach allows you to plan for maintenance during off-peak hours, minimizing disruptions to your operations. Inventory Management and Organization Metrics Value Inventory Turnover 5.2 Additionally, organizing your inventory in a logical manner can save time and reduce frustration during maintenance tasks.

Shopping 52

Shopping Inventory Management Inventory Turnover Management 52

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. .

Management 41

Management Inventory Turnover Inventory Management Dead-Stock 41

Retalon

AUGUST 14, 2023

Does your retail business struggle with outdated inventory systems and cumbersome spreadsheets? Nearly 70% of retailers face challenges managing inventory due to relying on legacy processes. For executives in planning and merchandising roles, this leads to sleepless nights and the nagging feeling there must be a better way.

Inventory Management 41

Inventory Management Management Dead-Stock Inventory Turnover 41

Inside Retail

FEBRUARY 10, 2025

Similarly, beauty giant Adore Beauty, after 25 years online, has opened its first physical location in Melbourne to provide hands-on consultations and personalised recommendations. Amazon now operates bookstores and cashier-less Amazon Go convenience stores, while Netflix has announced plans to launch immersive retail experiences.

Inventory Turnover 162

Inventory Turnover Supply Chain Management Finance Fulfillment 162

Retail Assist

MARCH 6, 2025

Fifty percent of enterprise resource planning (ERP) implementations fail the first time, and most cost three to four times the initial budget. For growing retailers, maximising ERP ROI starts with choosing the right system, one that streamlines processes, optimises inventory and enhances customer experience.

Inventory Turnover 52

Inventory Turnover Supply Chain Management Fulfillment Customer Experience 52