Remove 2016 Remove Location Remove Markdowns
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Improve Key KPIs & Meet Yearly Goals with Predictive Analytics

Retalon

All costs associated with the transfer — from logistics and store capacity to demographic diversity and the sizes and colors most likely to sell at the specific location — are incorporated automatically. In-Stock Percent. But for most retailers, the restocking process doesn’t begin until inventory starts to run low at a specific store.

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Avoid Inventory Imbalances by Leveraging Retail Predictive Analytics

Retalon

Retailers carry tens or hundreds of thousands of SKUs, far too many for buyers to accurately forecast every product at each channel/location. Retailers run costly markdowns to clear out overstocks, and out of stock merchandise leads to lost sales. Therefore, purchasing decisions are largely made at a higher than SKU level.

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article thumbnail

Improve Key KPIs & Meet Yearly Goals with Predictive Analytics

Retalon

All costs associated with the transfer — from logistics and store capacity to demographic diversity and the sizes and colors most likely to sell at the specific location — are incorporated automatically. In-Stock Percent. But for most retailers, the restocking process doesn’t begin until inventory starts to run low at a specific store.

article thumbnail

Avoid Inventory Imbalances by Leveraging Retail Predictive Analytics

Retalon

Retailers carry tens or hundreds of thousands of SKUs, far too many for buyers to accurately forecast every product at each channel/location. Retailers run costly markdowns to clear out overstocks, and out of stock merchandise leads to lost sales. Therefore, purchasing decisions are largely made at a higher than SKU level.

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The Solution for Smart Fulfillment and Omni Channel Retailing

Retalon

This means that a store must not only carry enough inventory to satisfy forecasted demand, but also additional stock to satisfy any online or mobile orders that will be fulfilled though their location. The only way to achieve this feat is to accomplish all of this proactively. How do you build a smart fulfillment strategy?

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Podcast: Leveraging Analytics For Omni-Channel Success

Retalon

Another thing that retailers are trying to do today is to monitor inventory in different locations. The reality today is they can do much more by balancing inventory between locations by satisfying online requests of customers directly from different locations and that basically allows them to use inventory much more efficient.

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The Solution for Smart Fulfillment and Omni Channel Retailing

Retalon

This means that a store must not only carry enough inventory to satisfy forecasted demand, but also additional stock to satisfy any online or mobile orders that will be fulfilled though their location. The only way to achieve this feat is to accomplish all of this proactively. How do you build a smart fulfillment strategy? 1] [link]. [2]