Independent Retailer

AUGUST 1, 2022

Next-generation analytical and planning tools interpret vast volumes of data so that retailers can predict and react to disruptions before they affect inventory levels. Retailers had to revolutionize inventory and planning when the pandemic hit, and many businesses are still finding their feet in the post-pandemic economy.

Inventory Management 96

Inventory Management Management Inventory Turnover Supply Chain Management 96

Retail Adventures

JANUARY 20, 2021

And when it doesn’t you need a plan to get rid of it so you can buy fabric that will sell. Inventory turnover – turn – is a measure of the number of times inventory is sold within a period of time, usually a year. If you wait to take markdowns until after the season or holiday is over you will severely hurt your return.

Markdowns 98

Markdowns Inventory Turnover Returns Planning 98

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. The system can handle everything from promotions to returns, with strict protocols to ensure data integrity.

Supply Chain Management 52

Supply Chain Management Inventory Turnover Point of Sale Inventory Management 52

Retail Minded

MAY 3, 2023

Streamlined Fulfillment Processes In retail inventory management, fulfillment processes can be a source of costly errors like incorrect order quantities or shipping delays. These mistakes can lead to dissatisfied customers and expensive returns, making it critical to have streamlined and efficient processes.

Inventory Management 52

Inventory Management Management Fulfillment Inventory Turnover 52

I Vend

JANUARY 18, 2025

The system enables: Access to customer purchase history across all locations Consistent pricing and promotions implementation Seamless returns and exchanges at any store Integrated loyalty programs that work across all outlets Improved Data Analytics and Reporting: Making informed business decisions requires comprehensive data analysis.

Location 52

Location Inventory Turnover Inventory Management Management 52

RETAIL MANAGEMENT SOFTWARE

SEPTEMBER 19, 2023

This feature simplifies the inventory management process, ensuring that products are grouped logically, aiding in quick retrieval and better decision-making regarding stock allocation. Order Management : Efficiently manage purchase orders, sales orders, and return orders. This minimizes overstocking or understocking issues.

Inventory Management 62

Inventory Management Management Inventory Turnover Location 62

RETAIL MANAGEMENT SOFTWARE

MARCH 26, 2024

Analyze financial performance: Regularly analyze key financial metrics such as gross margin, inventory turnover, and return on investment (ROI) to assess the health of your retail business. Incorporate long-term strategic planning to ensure sustainable growth and profitability.

Accounting 52

Accounting Inventory Management Inventory Turnover Boutique 52

RETAIL MANAGEMENT SOFTWARE

AUGUST 5, 2024

Order Management : Efficiently process online orders, manage shipping logistics, and handle returns seamlessly. Budgeting and Forecasting : Plan and forecast financial performance to make informed business decisions. Efficient Reordering : Set up reorder alerts to maintain optimal inventory levels and avoid stockouts.

Payment Services 52

Payment Services Inventory Management Inventory Turnover Fulfillment 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

V Count

JULY 24, 2024

Satisfied customers are more likely to return, recommend the business to others, and develop brand loyalty, ultimately contributing to the success and growth of the establishment. This leads to improved inventory turnover, reduced waste, and increased profitability.

Management 98

Management Supermarket Checkout Inventory Management 98

V Count

JANUARY 11, 2023

Opting for people counting and combining this data with other solutions will help you drive more business than ever and take the next step in ensuring customers return to your establishment. Plan Staff Schedule According to Rush Hours. Distinguish Real Customers From Visitors. However, not all visitors turn into customers.

Inventory Turnover 40

Inventory Turnover Promotions Customer Experience Planning 40

Retalon

FEBRUARY 15, 2024

Step 6: Enhance Sales Forecasting Accurate sales forecasting is quintessential for strategic retail planning. This precision in forecasting translates into better inventory planning, resource allocation, and marketing efforts – ensuring resources are invested where they yield the highest returns.

Inventory Management 41

Inventory Management Management Marketing Inventory Turnover 41

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

Rangeme

DECEMBER 16, 2021

As contingency plans, more executives are finding new vendor partners and sourcing domestically to keep their supply chains closer to home. Beauty rival Sephora is using artificial intelligence (AI)-based demand forecasting to increase inventory turnover and product availability with greater accuracy and efficiency. Retail Dive.

Shipping 52

Shipping Dead-Stock Beauty and Health Inventory Turnover 52

Inside Retail

FEBRUARY 10, 2025

Amazon now operates bookstores and cashier-less Amazon Go convenience stores, while Netflix has announced plans to launch immersive retail experiences. No longer limited to customer-facing or frontline roles, offshoring now extends to IT, finance, merchandise planning, and supply chain management, delivering immediate cost savings.

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