Retail Focus

AUGUST 8, 2023

Order Fulfillment When outsourcing, retailers can benefit from streamlined inventory management, order processing, and shipping. 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 TouchPoints

NOVEMBER 17, 2023

Shipping delays and stockouts lead to frustration and disappointment, especially when logistical problems impact time-sensitive purchases, such as special occasion gifts, event tickets or prescription medications. Using substitution tactics, retailers can recalibrate inventory levels.

Customer Experience 253

Customer Experience Inventory Management Fulfillment Inventory Turnover 253

Inside Retail

FEBRUARY 26, 2024

This instability, together with increased gas and energy prices, has affected shipping costs. Set benchmarks for inventory management, including the rate of inventory turnover and tracking and fill rate. Pricing and promotional strategies will be vital as consumers are more cost-conscious. per cent and 1.8

Inventory Turnover 147

Inventory Turnover Supply Chain Management Customer Retention Inventory Management 147

RETAIL MANAGEMENT SOFTWARE

MARCH 11, 2022

Offering discounts and promotions are effective methods for moving stagnant inventory through the purchase cycle. Utilize drop shipments to avoid excess inventory on hand – Drop-shipping products allow you transfer customer orders directly to the manufacturer.

Inventory Management 92

Inventory Management Management Inventory Turnover Drop-Shipping 92

Rangeme

DECEMBER 16, 2021

Shipping delays. Trans-Pacific cargo ships face bottlenecks in major ports like Los Angeles, and these shipping delays threaten access to merchandise. Product prices will continue to rise as companies incur higher shipping, labor, and raw material costs. Source: SEI. 2 Unglesbee, Ben. 12 Lempert, Phil. November 1, 2021.

Dead-Stock 52

Dead-Stock Shipping Beauty and Health Inventory Turnover 52

Retalon

FEBRUARY 15, 2022

Price elasticity of demand, meaning the effect that a set price will have on demand, is an important consideration when setting prices, running promotions, or markdowns. When Inventory is proactively allocated among locations to meet demand, customers are not repeatedly met with empty shelves pushing them to other retailers.

Markdowns 41

Markdowns Inventory Turnover Fulfillment Accounting 41