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Inventory Accuracy: The Not-so-Secret Ingredient for Holiday Sales Success

Retail TouchPoints

With Salesforce’s 2023 holiday predictions forecasting that BOPIS (buying items online for in-store or curbside pickup) will influence $28 billion in incremental sales during the holiday season, retailers seeking to capitalize on this revenue opportunity need to ensure their store operations and inventory management practices are up to par.

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Business Intelligence: The Untapped Potential of Foot Traffic Analysis

Wiser

By understanding these aspects, you can tailor your operations and marketing strategies to better meet your customers’ needs and drive sales. Foot traffic data can also be leveraged to optimize store layouts. For instance, high-traffic areas might be best suited for promotional displays or impulse-buy items.

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Using Prebuilt Data Models? You Should Be

Retail TouchPoints

Different departments can collaborate more easily and work toward a common understanding of the data, promoting better decision-making. Supply Chain Management model: This model helps retailers manage their supply chain by tracking inventory levels, logistics and supplier performance.

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How to Effectively Monitor Planogram Compliance

Wiser

Common Issues With Planogram Compliance One issue that brands often see when it comes to planogram compliance is inconsistent implementation across various store locations. There’s often a lag between the time a planogram is created and when it’s implemented in-store.

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Retail’s tech revolution sets laser-like focus on the consumer

Inside Retail

AI-powered inventory management and demand forecasting Harnessing the power of artificial intelligence (AI) and machine learning (ML) has become an operational reality for retailer s, especially in the realm of inventory management and demand forecasting.

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5 Retail Aspects to Optimize With Visitor Traffic Data

V Count

Store Operations & Staffing Analyzing traffic data enables the store operations team to optimize staffing according to peak and slow hours to create optimal customer experiences and increase conversions and sales. Merchandise Planning Planning retail merchandising can make or break a brand.

ATV 52
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Breaking Barriers: How Brick-and-Mortar Retailers can Deliver Exceptional Customer Experiences

Retail TouchPoints

The retail intelligence solutions to effectively analyze a shelf set and store layout are readily available to retailers that want to make the best use of their space. Effectively managing inventory has never been an easy task for retailers. Better inventory management means better business operations, period.