Remove 2020 Remove Inventory Management Remove Markdowns
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Mi9 Retail Launches New In-Store Mobile App to Help Retailers Improve Inventory Management

M19 Retail

Mi9 Retail continues to make significant product investments in its flagship Merchandise Management platform to help its loyal customer base adapt to changing trends and strengthen their unified commerce strategies. Mi9 Retail Launches New In-Store Mobile App to Help Retailers Improve Inventory Management. About Mi9 Retail.

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7 Expert Tips Guaranteed to Reduce Inventory Costs (2020)

Retalon

More expensive than real estate, merchandising, or even labor — inventory is the largest investment your company makes. But getting the biggest return on that investment, especially in today’s tough retail environment, requires a more nuanced, data-driven approach to inventory management than most retailers are used to.

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How Data Analytics is Saving the Fashion Industry (2020)

Retalon

Often resulting in inventory distortion that lead to lost sales and costly markdowns. For instance, many retailers run promotions while lacking integration between promotion and inventory management processes. It optimizes markdowns so retailers can get rid of end of life products, while maximizing the GMROI.

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12 Critical Retail Industry Performance Metrics (2020)

Retalon

Most Important KPIs for the Retail Industry in 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. This avoids markdowns that cut into profit margins. In-Stock Percentage 2. In-Stock Percentage. DOWNLOAD OVERVIEW.

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Health crisis: what impact on supply management in points of sale?

M19 Retail

The multiplication of choices induced by this model translates into a drop in productivity of the physical store space and an increase in markdowns at the end of the season to sell unsold products. For all of these reasons, supply management is one of the current priorities of many retailers, the health crisis having served as an accelerator.

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Mi9 Retail and Planalytics Partner to Improve Demand Forecasting Accuracy and Increase Profitability for Retailers by Incorporating Weather Analytics

M19 Retail

In the area of inventory optimization alone, these forecast accuracy gains translate into measurable benefits: As much as a 2 percent increase in total topline sales as the result of improved availability. Up to 70 basis points of additional profit due to increased sales and reduced inventory costs (e.g.

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AI and Retail Promotions: How to Hit Your Promotional Goals

Retalon

Keep in mind that promotions are not the same part of a product’s pricing lifecycle as Markdowns. In contrast, markdowns are permanent changes designed to clear inventories at the season’s end. Co-planning meetings can only get you so far if, like many retailers, you plan promotions and inventory on separate systems.