Inside Retail

JANUARY 30, 2024

Additionally, the fashion industry often encounters supply chain challenges such as inventory management and high return rates. For example, in 2023, beauty and skincare products from France accounted for 58 per cent of all French goods ordered on JD’s cross-border e-commerce platform,” he pointed out.

Merchant Services 130

Merchant Services Inventory Turnover Inventory Management Supply Chain Management 130

Inside Retail

JUNE 28, 2022

In terms of store operations, all Miniso stores in mainland China are equipped with their proprietary intelligent store management system, which provides sales and inventory data in real time, as well as suggestions based on big data analysis. An eclectic design team.

Inventory Turnover 130

Inventory Turnover Clienteling Social Commerce Consumer 130

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 MANAGEMENT SOFTWARE

MARCH 11, 2022

These items need to be replaced and either returned to the vendor or donated. It is essential to keep non-sellable products separated from your regular inventory. Monitor important metrics : Keep track of inventory costs, turn rate, and sell-through rates to know how your inventory performs and make appropriate changes.

Inventory Management 92

Inventory Management Management Inventory Turnover Drop-Shipping 92

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. Many RIMS solutions offer real-time notifications and alerts.

Inventory Management 62

Inventory Management Management Inventory Turnover Location 62

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

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