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

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 69

Inventory Management Management Inventory Turnover Supply Chain Management 69

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. You can use this information to accelerate inventory turnover, stock and arrange shelves, and provide fresh food and drinks at peak hours.

Inventory Turnover 40

Inventory Turnover Promotions Customer Experience Planning 40

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 52

Management Supermarket Checkout Inventory Management 52

Inside Retail

JULY 18, 2024

When you lose control of your in-store demand, your stock starts to age, and you lose the agility to maximise return on faster-moving products. “Inaccurate information and planning processes create more inefficiencies, meaning less time is spent on strategic initiatives to win share,” Cormack tells Inside Retail.

Planning 147

Planning Inventory Turnover Consumer Location 147

Retalon

AUGUST 14, 2023

Key capabilities include: Demand forecasting and modeling Recommendations for optimal stock levels Alerts for low stocks or slow-moving items Historical sales analysis Supply chain performance analytics In essence, the software acts like a command center for your inventory.

Inventory Management 41

Inventory Management Management Dead-Stock Inventory Turnover 41

Rangeme

DECEMBER 16, 2021

Beauty rival Sephora is using artificial intelligence (AI)-based demand forecasting to increase inventory turnover and product availability with greater accuracy and efficiency. In fact, Deloitte predicts a year-over-year sales increase of up to 9% this holiday season due to pent up demand as we return to in-person celebrations.

Dead-Stock 52

Dead-Stock Shipping Beauty and Health Inventory Turnover 52

Retalon

FEBRUARY 15, 2024

This precision in forecasting translates into better inventory planning, resource allocation, and marketing efforts – ensuring resources are invested where they yield the highest returns. Real-time monitoring allows businesses to stay agile—adjusting strategies as market dynamics shift.

Inventory Management 41

Inventory Management Management Marketing Inventory Turnover 41

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 Merchant Services Markdowns 41

I Vend

SEPTEMBER 10, 2023

This level of flexibility reduces lost sales, maximises inventory turnover and increases customer satisfaction along with revenue and profit. The right retail POS software will enable cross-channel sales transactions, such as click and collect, or buy online and return in store. Ambitious retailers the world over want to grow.

Point of Sale 111

Point of Sale Inventory Turnover Management Inventory Management 111