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 Shopping Consumer Clienteling 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 Inventory Management Markdowns Management 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 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

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

Independent Retailer

AUGUST 1, 2022

Retailers had to revolutionize inventory and planning when the pandemic hit, and many businesses are still finding their feet in the post-pandemic economy. Retailers need tools that can connect and correlate all inventory data with the impact of external events. years, on average. .

Inventory Management 68

Inventory Management Management Inventory Turnover Supply Chain Management 68

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 Markdowns Accessories 41